 |
Al Baraka to raise $200m with sukukAl Baraka Islamic Bank yesterday announced that it was raising $200 million through trust certificates in a Sukuk Al Wakala issue which will mature in 2015. The 18-month sukuk is aimed at raising cash to help increase the bank' More… |
 |
Bahrain playing key Islamic finance roleBahrain continues to be the intellectual hub of Islamic finance powered by its deep-rooted institutions, a leading industry thought leader said. "With institutions like the Accounting and Auditing Organisation for Islamic Fin More… |
 |
Sharjah Islamic launches $500m sukukSharjah Islamic Bank launched the sale of a $500 million sharia-compliant bond, or sukuk, on Tuesday at a profit rate of 2.95 percent, lead arrangers said. Final pricing is due to follow later on Tuesday. Abu Dhabi& More… |
 |
Top Islamic finance experts at Bahrain forumTop Sharia scholars and Islamic finance industry experts from across the globe will attend a key conference in Bahrain. The annual Sharia conference of Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIF More… |
 |
Islamic banks pressed to diversify money market dealsRegulators, scholars and simple economics are pressing Islamic banks in the Gulf to diversify their money market transactions, a trend which could spur growth of the region's financial markets. Islamic money market assets have More… |
 |
S&P sees strong years ahead for sukukWith global issuance of sukuk expanding for the fourth year in a row in 2012 by 64 per cent to about $138 billion, the sukuk market can expect another few strong years, said a report released by Standard & Poor’s (S&P). More… |
Oman firm hires SRB for Shari'a adviceAl Khonji Real Estate & Development (Aqar) of Oman has hired the services of Shariyah Review Bureau (SRB), a leading international Shari’a advisory firm, to advice and supervise its transactions as per Shari&rsq More… |
 |
Oman sets strict Islamic banking rulesOman's central bank took a strict approach to regulating Islamic banking in rules for the sector which it released yesterday, setting higher standards for the industry than many other countries. The sultanate announced last ye More… |
 |
Sharia status unchanged in Egypt draft statuteAn assembly drafting Egypt's new constitution voted on Thursday to keep Sharia principles as the main source of legislation, unchanged from the previous constitution in force under former President Hosni Mubarak. More… |
 |
Arcapita secures sharia-compliant bankruptcy loanBahrain-based Arcapita Bank has gained court approval for a $125 million bankruptcy loan from Fortress Investment Group, believed to be the first such loan consistent with sharia, Islamic law. T More… |
