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Thursday, 23 May 2013 |
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The Bank’s HPP rates will now start at 3.99% for a variable rental rate and 4.19% for its fixed rate. The plans are available for up to 80% loan to value. Read more
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Thursday, 23 May 2013 |
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(Reuters) - Saudi Arabia's Dar Al Arkan Real Estate Development Co is aiming to sell a benchmark-sized Islamic bond, or sukuk, this week after announcing initial price thoughts for the dollar-denominated deal, a document from lead managers said on Monday. Read more
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Wednesday, 22 May 2013 |
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MANAMA: The global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an increasingly important component of the Sharia-compliant banking and finance system. Read more
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Wednesday, 22 May 2013 |
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The world needs a universal Sharia advisory panel if the Islamic finance sector is to grow to the scale needed to meet rising demand in developing Muslim economies like Pakistan and Nigeria, the head of a leading institution has said. Read more
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Wednesday, 22 May 2013 |
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Upon review of the final documentation of the forthcoming Sukuk issuance, MARC is satisfied that the terms and conditions of the Sukuk have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was based, it said in a public statement. Read more
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Wednesday, 22 May 2013 |
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Upon review of the final documentation of the forthcoming Sukuk issuance, MARC is satisfied that the terms and conditions of the Sukuk have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was based, it said in a public statement. Read more
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Tuesday, 21 May 2013 |
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KUALA LUMPUR: Innovations in Islamic financial solutions will need to take into account the higher regulatory expectations for more transparency, as well as the effective management of risks and capital, said Bank Negara govenor Tan Sri Dr Zeti Akhtar Aziz. Read more
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Monday, 20 May 2013 |
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KUALA LUMPUR: The 10th Islamic Financial Services Board (IFSB) Summit saw key leaders sharing their thoughts on the industry’s developments following the global financial crisis. Read more
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Monday, 20 May 2013 |
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The global credit squeeze and recession have made many countries turn to the Islamic Development Bank more than ever to seek help in their development projects, says its President Ahmed Mohammed Ali. Read more
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Monday, 20 May 2013 |
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KUALA LUMPUR: BIMB Holdings Bhd is on the verge of completing its purchase of Dubai Financial Group's (DFG) 30.5% stake in Bank Islam Malaysia Bhd. Read more
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Monday, 20 May 2013 |
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The Bank of London and The Middle East (BLME), Britain's largest standalone Islamic bank, is targeting 15 percent growth in assets this year, with plans for a Dubai office to help boost its capital markets and wealth management offerings. Read more
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Monday, 20 May 2013 |
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SYDNEY: London-based firm Cobalt has developed a Shariah-compliant insurance platform that uses a syndication model to help spread risk across a panel of underwriters, a novel format that could boost capacity in the sector. Read more
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Sunday, 19 May 2013 |
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KUALA LUMPUR: The financial market, whether Islamic or conventional, will always grow with a strong government and will not be affected by the ongoing protest by the opposition over the 13th general election results, said CIMB Islamic Bank Bhd executive director/chief executive director Badlisyah Abdul Ghani. Read more
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Sunday, 19 May 2013 |
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Manama: (BNA)-- The Bahrain-based Arab Banking Corporation's subsidiary, ABC Islamic Bank, yesterday announced a net profit of US$ 3.2 million for the first quarter of this year (2013) compared to US$ 1.6 million last year (2012). Read more
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Sunday, 19 May 2013 |
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(Ahlul Bayt News Agency) - Turkish Deputy Prime Minister Ali Babacan said at the Turkish Participation Banks Union’s annual meeting that it appeared the format of two participation banks would be clearer in a few months. The state-run banks, Ziraat Bank and Halkbank, will establish these two participation banks. Read more
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Sunday, 19 May 2013 |
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It is likely that Islamic finance in Canada will increase in popularity given the number of potential households it could serve. It is also likely that as the regulatory framework for such institutions solidifies, more entrants into the market will help satiate the desire for economies of scale. Read more
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