| Impact of crisis on GCC countries manageable, Islamic bank says | ||
Staff Report |
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Dubai: The effects of the global financial turmoil on GCC countries are manageable compared to other parts of the world due to the fundamental strength of the Gulf states, according to a Bahrain-based Islamic investment bank. Read More... |
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| Islamic financial institutions still largely unscathed | ||
By Habib Toumi, Bureau Chief |
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Manama: Islamic financial institutions have been largely sheltered from the present crisis, Central Bank of Bahrain Governor Rasheed Al Maraj said. However, he warned that there should be no room for complacency. "It is inevitable that they will be affected to some degree, as they are part of the wider global economic system. The effects of the global financial crisis on the real economy have the potential to transmit shocks to Sharia-compliant institutions as well. This means that there must be a very high priority placed on sound management and risk management practices at Islamic financial institutions," Al Maraj said. Read More... |
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India Keen to Introduce Islamic Banking and FinanceRavi S Jha (India Correspondent) |
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NEW DELHI |
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India is seriously considering to introduce Islamic banking and finance to help the marginalised, and minorities in India. The Islamic banking, which is equity-based, and not on interest with micro finance, and is also known to have contributed significantly for macro financing of major infrastructure projects the world over, is being given a meaningful thought for operation by the government in India. Read More... |
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| Dubai Islamic Bank launches new business banking solution | ||
Staff Report |
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Dubai: Dubai Islamic Bank (DIB) has launched Al Islami Business Accounts, a new product in its business banking portfolio that offers banking convenience and competitive advantages to business customers. |
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| Kuwait's Noor looks for buys in Asia, Middle East | ||
Published: November 06, 2008 |
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KUWAIT: Kuwait's Noor Financial Investment Co is looking into equity buys in Asia and the Middle East to take advantage of lower assets prices and wants to set up a $1 billion "opportunity fund" investing in agriculture and food supply in the Middle East and North Africa. Managing Director Naser Al-Marri told the Reuters Middle East Investment Summit yesterday that Noor is looking to buy majority stakes in firms in the telecom and energy sectors. Read More... |
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| Bankers say Gulf investment in Middle East waning | ||
Published: November 05, 2008 |
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AMMAN: Middle Eastern economies reliant on Arab Gulf capital inflows for booming economic growth are seeing a drop in investment as the global financial crisis has curtailed investors' appetite for the region, bankers and analysts said yesterday. Read More... |
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