Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced the winners of the 'Zawya Fund' and the 'Lipper Global Islamic Fund Awards' for 2014 at a ceremony in Dubai la
Islamic fund managers in the Gulf are increasingly choosing foreign domiciles for their products, favouring their cost-efficiency and reputation for strong regulation as investors seek to avoid any suspicion of money laundering or tax evasion.
Malaysia's central bank is introducing an Islamic overnight funding facility which could encourage commercial banks from the Gulf to trade more in the country's sharia-compliant money market.
The collateralised murabaha facility, a
Tharwa Investment Fund and Tharwa Islamic Fund, leaders in asset management services, have achieved top positions for their performance since the beginning of 2012 on the Kuwait Stock Exchange.
Abdullatif Al-Muzaini, assistant vice preside
Mashreq, a leading bank in the UAE, won two awards at Banker Middle East Product Awards 2012 – Best Branch Design Award and Best Islamic Investment Fund Award for Mashreq Al Islami Income Fund.
The awards nominate banks that have shown out
Global Banking Corporation (GBCorp) said it will take part in the 7th annual World Islamic Funds and Financial Markets Conference (WIFFMC 2011) which opens in Bahrain on Sunday.
The two-day conference is being held under the patronage of t
Japan-based SBI Holdings plans to launch an Islamic investment fund worth $112 million as early as next year and to set up an online brokerage firm in India, the financial services conglomerate's CEO said.
SBI, which generates about half i
The National Investor's (TNI) private equity arm and Kipco Asset Management Company (Kamco) plan to set up a $150 million Islamic fund, in a sign that private equity activity in the Gulf region is picking up.
The Sharia-compliant fund
Investment adviser Javelin Investment Management has launched the first US-listed Islamic exchange traded fund, the fund's index provider said.
The fund tracks the Dow Jones Islamic Market International Titans 100 index, which measures
Kuwait-based Gulf Investment Corporation (GIC), an investment banking and asset management services provider, has achieved a year-to-date return of 11.49 per cent.
The fund, which is owned by the six GCC governments, has recorded a growth