Shari'ah-Compliant

Entity type image
Type: Keyphrase
Name: Shari'ah-Compliant
First reported 6 hours ago - Updated 6 hours ago - 1 reports

EDITORIAL: Guarding against disasters

THE change in weather patterns in the Kingdom has led to torrential rains in recent years. While there has mercifully been little loss of life, there has been considerable destruction or damage to property and vehicles. Yet the National Insurance Committee ... [Published Arab News - 6 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Sitara Chemical Industries Limited’s board of directors’ meeting

(PPI-OT): We would like to inform you that the Board of Directors of the Company in their meeting held at 11:00 a.m. on Friday, May 3, 2013, has decided that;i. Company’s non operating land or part thereto, situated at Faisalabad be sold to the prospective ... [Published Pakistan Newswire - 16 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

New bank to open in Gaza Strip

Palestine: A new bank is set to be inaugurated in the Gaza Strip next week, although it has not yet received the necessary licence from the Ramallah-based Palestinian Monetary Authority (PMA), Kuna has reported. The Al-Intaj bank has a capital of $20m ... [Published AME Info - 21 hours ago]
First reported May 23 2013 - Updated May 23 2013 - 1 reports
Islamic Development Bank
Islamic Development Bank

Islamic Development Bank triples authorised capital to $150 . . .

Islamic Development Bank triples authorised capital to $150 billion [CPI Financial]Al Bawaba Ltd.The Islamic Development Bank's Board of Governors (BoG) yesterday (22 May) approved to more than triple the bank's authorised capital to 100 billion Islamic ... [Published Equities.com - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

BAHRAIN: Capinnova Investment Bank sees the last of its days

BAHRAIN: Capinnova Investment Bank, a wholly-owned Shariah compliant investment subsidiary of the Bank of Bahrain and Kuwait (BBK), will be shuttering its operations in the next few months, sources have told Islamic Finance news... ... [Published Islamic Finance News - May 23 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

MALAYSIA: Guidance Investments and Lembaga Tabung Haji launch Shariah compliant fund

MALAYSIA: Guidance Investments, a subsidiary of Guidance Financial Group, has introduced a RM150 million (US$49.61 million) Shariah compliant investment fund for equipment leasing to the Saudi Arabian market... ... [Published Islamic Finance News - May 23 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

IDB increases its capital from $ 45 bn to $ 150...

The Islamic Development Bank Group has decided to increase its authorized capital from $ 45 billion (30 billion Islamic dinars) to $ 150 billion (100 billion dinars) on the recommendation of the two extraordinary Islamic summits held in Makkah.The capital ... [Published Arab News - May 22 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

Takaful: TIA to expand operations in East Africa

Kenyan ICMIF member, Takaful Insurance of Africa Ltd (TIA), plans to expand its operations into five East African nations, Chief Executive Officer Hassan Bashir said recently. TIA is Kenya’s only Shariah-compliant insurer.Under TIA’s five-year plan it ... [Published Co-operative News - May 22 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

Bank of Japan keeps monetary policy unchanged

Singapore state investor Tamasek has bought a stake in data provider Markit. The deal, which had been speculated on for the last two weeks, is reported to be worth $500m, securing Tamasek a 10% stake - BlackRock is set to double the amount of money it ... [Published FTSE Global Markets - May 22 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

UAE: Abu Dhabi Commercial Bank's Islamic banking arm collaborates with Omeir Travel Agency to launch Shariah compliant travel finance solution

UAE: The Islamic banking division of Abu Dhabi Commercial Bank has signed into an MoU with Omeir Travel Agency to provide customers with a Shariah compliant travel finance solution under the newly-launched Ijarah Travel Finance... ... [Published Islamic Finance News - May 22 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

Khaleeji Commercial Bank signs MoU with Ebrahim...

Khaleeji Commercial Bank (KHCB), one of Bahrain's fast growing Islamic retail banks recently signed a Memorandum of Understanding (MOU) with Major Business Venture Developers Ebrahim Abdulaal Group (EAG) towards enabling finance for the purchase of properties ... [Published AME Info - May 22 2013]
First reported May 20 2013 - Updated May 20 2013 - 3 reports

Emirates Islamic Financial Brokerage joins Nasdaq Dubai

(MENAFN - Arab News) Emirates Islamic Financial Brokerage (EIFB), a major Shariah-compliant broker in the UAE, has become a member of Nasdaq Dubai, the region's international exchange. EIFB will ... ... ... [Published Araboo.com - May 20 2013]

Quotes

...businessman and member of the International Islamic Fiqh Academy, Dr Riyadh Al-Khulaifi, said the lender's deputy board chairman, Rushdi Wadi. "The bank... will be headquartered in Gaza City and have branches in other parts of Gaza Strip in the coming years. 50% of its capital will be channelled to production-oriented activities, while 40% will be allocated to the traditional transactions. The remaining 10% will be set aside to the 'murabahat' (Shari'ah-compliant transactions)" Wadi said. [AMEInfo.com]
New bank to open in Gaza Strip [Published AME Info - 21 hours ago]
"At its annual meeting in Dushanbe, the capitalcapital of Tajikistan, the bank also announced it will immediately tap the public market with a $1 billion offering of Sukuk, or Shari'ah-compliant bonds. The five-year offering is rated Triple A by each of the three major bond rating agencies (Standard & Poor's, Moody's and Fitch), and will be dually listed on the London Stock Exchange and Bursa Malaysia" it said
Islamic Development Bank triples authorised capital to $150 . . . [Published Equities.com - May 23 2013]
Sayd Farook, global head, Islamic Capital Markets, said: "There is no one unique indicator representing the health of the Islamic finance industry in aggregate, including its socio-ethical objectives. As a result, professionals, mass media and consumers rely for their information on misrepresentative or worse, one-dimensional proxies such as the size of Islamic banking assets or sukuk."
IDB increases its capital from $ 45 bn to $ 150... [Published Arab News - May 22 2013]
"Ebrahim Abdulaal Group is renowned for its commitment towards innovation and quality and it is a matter of pride for KHCB to work with them to provide customers with affordable finance to purchase property at Marina Reef. Moreover, we believe this will further energize the realreal estate sector in the kingdom of Bahrain" Mr. Fuad added
Khaleeji Commercial Bank signs MoU with Ebrahim... [Published AME Info - May 22 2013]

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All (338) | News (315) | Reports (0) | Blogs (11) | Audio/Video (1) | Fact Sheets (5) | Press Releases (6)
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EDITORIAL: Guarding against disasters [Published Arab News - 6 hours ago]
Lawyer tellsSaudi airline tostop discriminating [Published WorldNetDaily - 8 hours ago]
Sitara Chemical Industries Limited’s board of d... [Published Pakistan Newswire - 16 hours ago]
New bank to open in Gaza Strip [Published AME Info - 21 hours ago]
Islamic Development Bank triples authorised cap... [Published Equities.com - May 23 2013]
BAHRAIN: Capinnova Investment Bank sees the las... [Published Islamic Finance News - May 23 2013]
MALAYSIA: Guidance Investments and Lembaga Tabu... [Published Islamic Finance News - May 23 2013]
IDB increases its capital from $ 45 bn to $ 150... [Published Arab News - May 22 2013]
Emirates NBD Properties inks Dh122m agreement f... [Published Khaleej Times - May 22 2013]
Takaful: TIA to expand operations in East Africa [Published Co-operative News - May 22 2013]
Bank of Japan keeps monetary policy unchanged [Published FTSE Global Markets - May 22 2013]
UAE: Abu Dhabi Commercial Bank's Islamic bankin... [Published Islamic Finance News - May 22 2013]
Khaleeji Commercial Bank signs MoU with Ebrahim... [Published AME Info - May 22 2013]
Guernsey: An Island of Opportunity [Published Eurekahedge - May 21 2013]
Egypt's sukuk projects attract eight banks [Published Zawya.com - May 21 2013]
ADCB-IBD signs MoU with Omeir Travel Agency [Published Emirates News Agency - May 21 2013]
AmInvest Eyes RM40 Billion AUM By March 31, 2014 [Published Bernama - May 21 2013]
BlackRock to buy real estate investment firm MGPA [Published FTSE Global Markets - May 21 2013]
Islamic Finance: where next for the industry [Published AME Info - May 21 2013]
ADCB-IBD signs MoU with Omeir Travel Agency [Published Zawya.com - May 21 2013]
SOUTH AFRICA: Absa Bank to launch an Islamic ba... [Published Islamic Finance News - May 21 2013]
Apicorp to diversify into oil & gas, utility se... [Published Zawya.com - May 21 2013]
FCC Bolstered, ISDAfix-Probe E-Mails, Swedish B... [Published BusinessWeek - May 21 2013]
Jordan's appetite for Islamic banking [Published Zawya.com - May 20 2013]
Spain's RMBS market deteriorates in March says ... [Published FTSE Global Markets - May 20 2013]
EFG Hermes Asset Management Named Zawya's Best ... [Published Zawya.com - May 20 2013]
BLME opens first overseas representative office... [Published Emirates247 - May 20 2013]
APICORP achieves record annual profits for thir... [Published AME Info - May 20 2013]
AIA Malaysia rolls out four PRS funds [Published Asia Asset Management - May 20 2013]
Singapore To Host 4th World Islamic Banking Con... [Published Bernama - May 20 2013]
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Blogs

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The Guarantee Clause [Published Solsticewitch13's BOS - May 06 2013]
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The Global Bust-Out Series (Chapter 2): The “Mo... [Published Deep Capture: exposing the crime of naked short ... - May 02 2013]
This is Chapter 2 of a multi-chapter story. On your right is a Table of Contents to all chapters so far published. * * * * * * * * * Al Qaeda’s supporters are “aware of the cracks in the Western financial system as they are aware of the lines in their ...
AFLC Files Notice of Appeal on US Patent and Tr... [Published Atlas Shrugs - Apr 08 2013]
Here is the latest on the US Patent and TrademarkOffice's refusal to register our trademark, "Stop the Islamization of America."The USPTO had rejected SIOA's trademark because it found it"disparaging" to Muslims. We are arguing that no law-abiding Muslim ...
MICROCAPITAL BRIEF: Tamkeen, Family Bank of Bah... [Published MicroCapital - Mar 11 2013]
Tamkeen, an agency supporting the private sector that is backed by the government of Bahrain, and Family Bank, a nonprofit Bahraini microfinance bank, recently signed an agreement whereby Tamkeen will fund an increase of BHD 1 million (USD 2.6 million) ...
Pamela Geller: Jihad-accommodating CPAC [Published Jihad Watch - Mar 06 2013]
Not only has CPAC not allowed me to receive the People's Choice Award that I won unless I agree not to discuss Grover Norquist's ties to Islamic supremacists, but also they have barred our AFDI event this year. Pamela Geller explains: "Jihad-accommodating ...
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Audio/Video

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Rise of Shariah Compliant Investing in SA [Published ABN Digital - Video - Feb 27 2013]
1

Press Releases

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Rasameel Structured Finance Sponsor 7th Annual ... [Published PR.com Press Releases - May 18 2013]
XL Group To Offer Shariah Compliant Insurance C... [Published Financial Services - May 07 2013]
Asiya Investments Launches Islamic Income Fund ... [Published Business Wire - May 06 2013]
Asiya Investments Launches Islamic Income Fund ... [Published Business Wire Professional Services News - May 06 2013]
King & Spalding Advises Turkey's Bank Asya on U... [Published Marketwire - Breaking News Releases - Apr 02 2013]
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