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Tuesday, 09 February 2010 |
Kuwait Finance House, a leading international Islamic financial institution has appointed Puan Jamelah Jamaluddin as the new Chief Executive Officer (CEO), of its wholly-owned Malaysian subsidiary, Kuwait Finance House (Malaysia) Berhad (KFHMB). The appointment will take effect from 9 February 2010. Full article |
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Tuesday, 09 February 2010 |
JOHOR BAHARU, (Bernama) -- OCBC Bank (Malaysia) Bhd's Islamic banking subsidiary OCBC AI-Amin Bank Bhd officially opened its first branch in the southern region today, consolidating OCBC's position as a leading banking partner to individuals and businesses in Johor. Full article |
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Tuesday, 09 February 2010 |
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PETALING JAYA: The National Bank of Abu Dhabi (NBAD), one of the United Arab Emirates’ (UAE) biggest banks, plans to start commercial banking operations in Malaysia following the Government’s move to liberalise the financial services sector. Full article |
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Tuesday, 09 February 2010 |
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Pattaya, Friday, We held an exclusive interview with the Vice President, Mr. Zati Sankhavanija, who has been involved in of banking for the last seven years here in Thailand, concentrating heavily on the retail side and automatic banking systems.. There are seven branches around Bangkok and one in South Pattaya which has been open for the last five years, with a total of 28 branches throughout Thailand. |
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Tuesday, 09 February 2010 |
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QNB, the country’s largest lender, will see its Islamic banking division grow internationally this year. “2010 will witness an expansion in QNB Al Islami international activities with the establishment of new overseas branches alongwith offering of new services,” said QNB chairman and Finance Minister HE Yousef Hussein Kamal while addressing the annual general assembly, which approved the 70% total dividend. |
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Tuesday, 09 February 2010 |
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Under the patronage of HE Sheikh Abdullah Saud Al-Thani, Governor of Qatar Central Bank (QCB) and in line with its ongoing commitment to expand its network, Al Yusr Islamic banking service of IBQ, announced the opening of a new dedicated retail branch in the Al Rayyan area of Doha. The new branch officially opens on February 4. |
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Tuesday, 09 February 2010 |
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KUALA LUMPUR: With the normalisation of external conditions, a steadily recovering domestic economy and expectations that Bank Negara Malaysia (BNM) will keep its benchmark rates intact until the second half of 2010, RAM Ratings Bhd believes that it is an opportune time for corporates to raise funds, whether for new funding, refinancing or building up their war chests. Full article |
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Tuesday, 09 February 2010 |
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Saudi Arabia's Dar Al-Arkan Real Estate will likely issue a five-year fixed rate Islamic bond worth between $500-750 million by the end of the week, two bankers with knowledge of the deal said on Monday. The Islamic bond, or sukuk, could be priced to yield between 10.5-11 percent, they said. |
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Tuesday, 09 February 2010 |
Indonesia sold 8.033 trillion rupiah ($852 million) of retail Islamic bonds, more than the 3 trillion rupiah the government sought, Rahmat Waluyanto, director general of debt management at the Finance Ministry, said today. The notes, which mature in February 2013, will pay a return of 8.7 percent, Waluyanto said. Total demand from investors was 8.749 trillion rupiah, he said. Southeast Asia’s largest economy is tapping individuals to widen the investor base and reduce dependence on overseas debt sales. Retail bonds are usually offered in small amounts to make them affordable to the general public. BusinessWeek |
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Monday, 08 February 2010 |
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LONDON/DUBAI (Reuters) - Growth in the emerging global Islamic insurance industry, or takaful, is waning slightly due to the economic slowdown, but remains strong as more people switch from conventional insurance. Full article |
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Monday, 08 February 2010 |
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The Abu Dhabi Financial Services (ADFS), the financial brokerage arm of the National Bank of Abu Dhabi (NBAD) and one of the leading brokerage companies in the UAE, today announced the appointment of Mr. Aymen Samawi as the Managing Director of ADFS. |
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