Posts Tagged ‘Islamic’

THE International Conference on Islamic Finance is set to become an annual event due to its success, said Dr Mohamed Sharif Bashir, dean of Faculty Business and Management Science at the Sultan Sharif Ali Islamic University (Unissa) and chairman of the co

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Sunday, March 7th, 2010 at 19:22 | 0 comments
Categories: Global Market

THE International Conference on Islamic Finance is set to become an annual event due to its success, said Dr Mohamed Sharif Bashir, dean of Faculty Business and Management Science at the Sultan Sharif Ali Islamic University (Unissa) and chairman of the co

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Sunday, March 7th, 2010 at 09:53 | 0 comments
Categories: Global Market

Gulf Finance House (GFH) is in the advanced stage of establishing one of the largest Islamic banks in Syria under the name of Syria Finance House (SFH).

GFH along with a number of prominent Syrian business partners who are involved in the indus

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Sunday, March 7th, 2010 at 07:36 | 0 comments
Categories: Company
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Gulf Finance House EC, the Bahrain- based investment bank, plans to form an Islamic bank in Syria with a capital of 15 billion Syrian pounds.

Gulf Finance plans to sell 30 percent of Syria Finance House in an initial public offering after gett

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Sunday, March 7th, 2010 at 07:35 | 0 comments
Categories: Company

Abu Dhabi Islamic Bank (ADIB), one of the leading Islamic banks in the region, inaugurated its new branch at The Dubai Mall. This new branch furthers that bank’s expansion plan and is in line with its strategy to strengthen its physical presence and servi

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Sunday, March 7th, 2010 at 07:35 | 0 comments
Categories: Company

Islamic banking must speed standardization to grow while monetary authorities should enact laws that allow expansion into new Sharia-based products in domestic markets, industry experts said on Wednesday.

The industry needs to surmount diverge

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Saturday, March 6th, 2010 at 10:39 | 0 comments
Categories: Global Market

Kuwait’s troubled shareholding company Investment Dar is refusing to pay Lebanon’s Blom Bank $10.7mn, saying that their original deal did not comply with Islamic law, in a move that could pressure the Islamic finance industry.

Dar’s charter pro

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Saturday, March 6th, 2010 at 01:08 | 0 comments
Categories: Company

CIMB Islamic Bank Bhd was voted “Best Overall Islamic Bank” at the 2010 Islamic Finance News Awards ceremony last night, while Bank Negara was named “Best Central Bank in Promoting Islamic Finance.”

Al Rajhi Bank chief executive officer Abdulla

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Thursday, March 4th, 2010 at 19:21 | 0 comments
Categories: Global Market

An Islamic megabank slated to open this year is expected to spur bank mergers in the Gulf region, where lenders are struggling to compete with large financial institutions.

Ernst & Young partner Sameer Abdi told the Reuters Islamic Finance

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Wednesday, March 3rd, 2010 at 22:26 | 0 comments
Categories: Company

The $35 billion international Islamic funds industry is being urged to offer more innovative areas of investment and to expand into hitherto untapped geographical markets by Shari’ah scholar Dr Mohammed Daud Bakar.

Dr Bakar, Managin

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Wednesday, March 3rd, 2010 at 21:54 | 0 comments
Categories: Global Market
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