| Islamic bond issues fall 37% in first quarter | ||
By Gulf News |
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Dubai: Global sukuk, or Islamic bond, issuance declined by 37 per cent in the first quarter of 2009 compared with the first quarter of 2008, and totalled $1.8 billion (Dh6.61 billion), according to the Sukuk Quarterly Bulletin released by Zawya, a Middle East information services provider. Read More... |
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| Bond subscription reflects strong market appetite | ||
By Gulf News |
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Dubai: The $3 billion (Dh11 billion) raised by Abu Dhabi, part of the book-building exercise from a sovereign bond issue, is likely to ease the tight liquidity conditions currently afflicting the market, and could possibly be used to meet funding requirements in Abu Dhabi as well as other emirates. Read More... |
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| ICD arranges $120m Ijara facility | ||
By Arab News |
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JEDDAH: Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of the Islamic Development Bank (IDB) Group, concluded the signing ceremony for Aden Sugar Refinery, member of the Midroc Al-Amoudi in Yemen, at the IDB headquarters here on Tuesday. ICD CEO and General Manager Khaled Al-Aboodi and Abdurrahman Omar Al-Amoudi, the deputy president of Midroc Al-Amoudi Group, signed the deal. High-ranking officials of ICD, IDB, Yemen government and syndicating banks project management were among those present. Read More... |
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| Launch of mega Islamic bank imminent | ||
By Gulf News |
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Dubai: Shaikh Saleh Kamel, chairman of Al Baraka Banking Group, is set to launch the world's biggest Islamic bank before the end of the year, with an initial public offering of $3 billion (Dh11 billion), a top official has said. Read More... |
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| KFH to go ahead with Malaysia project | ||
By Gulf News |
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Kuwait: Kuwait Finance House (KFH) said on Saturday it had drawn up preliminary plans for investing in Malaysia's multi-billion dollar Iskandar development project. Read More... |
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| Amlak-Tamweel issue in final stage | ||
By Nadia Saleem, Staff Reporter |
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Dubai: A possible merger of the UAE's largest Islamic mortgage providers, Amlak Finance and Tamweel, is in the final stages of being resolved, while the liquidation option has been taken off the table, Sultan Bin Saeed Al Mansouri, Minister of Economy, told reporters on Thursday. Read More... |
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| Islamic finance now a hot topic | ||
By Ahmed A. Namatalla, Special to Gulf News |
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Dubai: Islamic finance featured heavily in Tuesday's opening session of the 10th annual Hedge Funds World Middle East Conference. Read More... |
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By Samir Salama, Associate Editor |
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Abu Dhabi: The Industrial Bank is to be merged with the Real Estate bank, creating a new development bank with Dh10 billion in capital Read More... |
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| Gulf Finance House approves $52.56 million in cash dividend | ||
Staff Report |
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Manama, Bahrain: Gulf Finance House (GFH) announced on Thursday that the Annual General Meeting has approved a cash dividend payout of $52.56 million for the fiscal year 2008. This is equivalent to 20 per cent of the par value of the paid-up capital. In addition a further 20 per cent will be paid in the form of bonus shares. This was driven by strong end of year profits of $291 million. Read More... |
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| Lessons Islamic finance can learn from current crisis | ||
By Habib Toumi, Bureau Chief |
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Manama: The Islamic financial industry must remember the importance of risk diversification, good liquidity management, and sound corporate governance if it is to continue to enjoy a framework for stability against the background of global financial turmoil, the governor of Bahrain Central Bank has warned. |
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