Tabung Haji Denies Investment In The United States
KUALA LUMPUR: Lembaga Tabung Haji (TH) on Monday denied that it has made an investment in the United States (US).
“TH expressed regret over the …
Finance
Jafza Achieves 21% Growth In H1, 2014
Jebel Ali Free Zone (Jafza), the flagship free zone operation of Dubai and the UAE has posted over 21% growth in the number of new joiners in the …
Mohamed Damak Appointed S&P’s Global Head Of Islamic Finance
DUBAI – Standard & Poor’s Ratings Services (S&P) announced the appointment of Dr. Mohamed Damak as Global Head of Islamic Finance, …
Female Bank CEOs Deepen Malaysia Expertise Pool In Islamic Finance
Kuala Lumpur — In her native Malaysia, Hong Leong Islamic Bank Bhd. Chief Executive Officer Raja Teh Maimunah Raja Abdul Aziz says she has never …
Sultan Nazrin Becomes Royal Patron For Malaysia’s Islamic Finance Initiative
KUALA LUMPUR — The Sultan of Perak, Sultan Nazrin Muizzuddin Shah, has graciously consented to be the Royal Patron for Malaysia’s Islamic …
Law Firms Flocking To Dubai To Grab Islamic Finance Opportunities
As Dubai has been planning to become the capital of Islamic Economy for quite some time now, several major law firms from all over the world have been …
UK Introduces Shariah-Compliant Loans For Muslim Students
The UK government’s initiative to introduce Sharia-compliant alternative student finance (ASF) marks a significant development aimed at …
Bank Nizwa Achieves 80% Of Two-Year Network Expansion Plan
Oman – Bank Nizwa has achieved 80% of its end of 2014 targeted network expansion plan with the opening of its latest branch in Samail. The new …
Ethical Sukuk Boosted By Vaccine-Funding Debut: Islamic Finance
A group that’s raised $4.5 billion for child vaccinations since its inception in 2006 plans to tap the Islamic debt market for the first time, …
Growth Of Islamic Insurance Sector Rebounding, Study Finds
Growth of takaful (Islamic insurance) business is rebounding, fuelled by improved economic conditions across its core markets and increased …
SWIFT Rulebook To Enable STP In Islamic Finance
Along with the Association of Islamic Banking Institutions Malaysia (AIBIM) and the Malaysian Islamic financial community, SWIFT is launching a new …
JADWA Investment Wins Banker Middle East’s “Best Islamic Fund” Award
Riyadh, :Jadwa Investment , a leading Saudi Arabian investment management firm headquartered in Riyadh, announced that its “Jadwa Saudi Equity …
ICD, BTMU Malaysia Sign Financing Deal
KUALA LUMPUR – The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank …
Takaful Industry’s Rise Highlights Rich Prospects Despite Market Challenges
With the global Islamic finance markets exuding vitality as they sail past the $2 trillion mark, the Takaful industry – a Shariah-compliant form …
IFSB And BIBF To Debut Inaugural Islamic Finance Executive Programme In October 2014
Manama, Bahrain -: BIBF and the Islamic Financial Services Board (IFSB) is organising the debut of their joint IFSB-BIBF Islamic Finance Executive …
Building Scale: Adapting To A Changing Market For Islamic Cooperative Insurance In The Middle East
More than 250 key players and thought leaders in the Middle East insurance and reinsurance industry will be gathering on the 13th & 14th of …
More Non-Muslim Government Sukuk Issuers To Hit Market
Dubai: As the hard currency denominated sukuk issuance gains momentum, analysts expect more new Islamic and non-Islamic sovereign issuers to enter the …
Gulf Sovereigns Continue To Dominate Dollar Sukuk Issuance
Dubai: Volumes of sovereign sukuk have increased significantly over the last three years as governments in Asia, the Gulf Cooperation Council (GCC), …
Malaysia The Runaway Leader In Islamic Finance Market
MALAYSIA emerged as the leader on various checkpoints for Islamic finance in a newly released global measurement of the industry, scoring high points …
ICD Signs Financing Agreement With Bank Of Tokyo-Mitsubishi UFJ (Malaysia)
The Islamic Corporation for the Development of the Private Sector (ICD) and Bank of Tokyo-Mitsubishi UFJ (Malaysia) (BTMU Malaysia) have today (8 …
Mega Islamic Bank Will Boost Islamic Finance Growth, Says Expert
The creation of a mega Islamic bank will push Malaysian banks to look beyond local shores should the proposed merger of CIMB Group Holdings Bhd, RHB …
RAM Ratings Assigns AAA(fg) Rating To Puncak Wangi’s Proposed Guaranteed Sukuk
RAM Ratings has assigned a AAA(fg)/stable rating to Puncak Wangi Sdn Bhd’s (Puncak Wangi or the Company) Proposed Guaranteed IMTN Programme of up to …
RAM Ratings Sees Great Potential In Green Sukuk
RAM Ratings sees great potential in Green Sukuk, in tandem with the increased interest in both Shari’ah-compliant and ethical investment. The use of …
WIEF to Hold Investment Roundtable In Cordoba
KUALA LUMPUR: The World Islamic Economic Forum (WIEF) Foundation, in collaboration with the Fundacion Agropolis de Cordoba, is organising an …