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AAOIFI welcomes
BMB Islamic as an associate member
BMB Islamic, one of the world's leading
Sharia structuring and Islamic finance advisory
firms, directed by a team of award-winning
Sharia advisors is proud to announce the
recent appointment of membership to the
Bahrain-based Accounting and Auditing Organisation
for Islamic Financial Institutions (AAOIFI).
more
Asian
Finance Bank sets to establish presence
in Brunei
Brunei-Muara
- The Asian Finance Bank plans to establish
a representative office in Brunei, after
making inroads in obtaining a licence to
set up a representative office -in Jakarta
over the course of the week.
more
AmInvestment
Bank wins Islamic investment banking award
AmInvestment
Bank Berhad recently received the “Most
Outstanding Islamic Investment Banking”
award at the KLIFF Islamic Finance Awards
2007. The awards ceremony was held in conjunction
with the 4th Kuala Lumpur Islamic Finance
Forum (KLIFF 2007) from 19 to 20 November
2007.
more
Saudi
Arabia diplomat bats for Islamic bonds
Islamic
finance, which has been approved as a profitable
investment option in global market, will
immensely benefit Hong Kong, Consul-General
of Saudi Arabia in Hong Kong Alaudeen A.
Alaskary told China Daily.
more
SC
director honoured for role in Islamic finance
Kuala Lumpur: The Securities Commision (SC)
senior executive director Datuk Nik Ramlah
Mahmood has been named the “Most Outstanding
Person for Contribution to Islamic Finance”
by the Kuala Lumpur Finance Forum 2007 (KLIFF).
more
Salama
also eyes stake in Syarikat Takaful
KUALA
LUMPUR: Syarikat Takaful Malaysia Bhd has
received Bank Negara Malaysia’s (BNM) nod
to start talks with Dubai-based Islamic
Arab Insurance Co PJSC (Salama), it said
yesterday.Salama is the second Middle East
group that has got approval to start negotiations
with Syarikat Takaful Malaysia. On Oct 9,
BNM gave its approval to commence discussions
with the Abu Dhabi-Kuwait-Malaysia Strategic
Investment Corp.
more
Stable Outlook for RHB Islamic Bank
RATING Agency Malaysia Bhd (RAM) has assigned respective long- and short-term general bank ratings of AA3 and P1 to RHB Islamic Bank Bhd.
more
Single Stock Futures Accepted as Syariah-compliant
THE Securities Commission's (SC) Syariah Advisory Council (SAC) has approved single stock futures (SSF) as a Syariah-compliant instrument, provided that the underlying stocks of the SFF are Syariah-compliant.
more
DIB launches the 5th round of Iktasib
Dubai Islamic Bank (DIB) announced the start of the fifth round Emiratisation training programme, Iktasib.
more
Dubai Bank Launches Al Muhafez
Dubai Bank has announced the launch of Al Muhafez, a Shari’a compliant investment certificate, which will give investors investment exposure to a basket of Shari’a compliant UAE stocks and at the same time providing them with principal protection.
more
First Sukuk Bond Index Launched
Dow Jones Indexes and Citigroup Corporate and Investment Banking this week announced that they intend to launch the Dow Jones Citigroup Sukuk Index.
more
Noorazman first recipient of Asian Banker award for Islamic finance
Kuala Lumpur: Bank Islam Malaysia Bhd managing director Datuk Noorazman Abdul Aziz has been named winner of the first Asian Banker Achievement Award 2005 for Islamic Finance.
more
Launching of ‘Islamic Banking & Finance Online Learning’
Kuala Lumpur: YB Senator Tan Sri Nor Mohamed Yakcop, the Finance Minister II, Ministry of Finance Malaysia officiated the launching of ‘Islamic Banking & Finance Online Learning’ programme for Malaysia.
more
KLIFF 2005 Islamic Banking Award
Kuala Lumpur: Several prominent Islamic Financial Institutions and key players were honoured with Islamic Banking Award by YB Senator Tan Sri Nor Mohamed Yakcop, Finance Minister II, Ministry of Finance Malaysia.
more
Islamic mortgages to grow by 47% a year
United Kingdom: BANKS are scrambling to attract Britain’s Muslims as a new report predicts that the Islamic mortgage market will grow by 47% a year and could be worth £1.4 billion by 2009, writes David Budworth.
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NBS launches world’s first dedicated Islamic card for university students
UAE: The National Bank of Sharjah (NBS) has launched the world’s first Shariah compliant card for university students, the NBS Affinity card.
more
Malaysia Considering Second Global Sukuk
Malaysia: Malaysia is considering the option of issuing a second global sukuk (Islamic bond), following the pioneering US$600 million global sukuk that it launched in 2002.
more
New Bank Records $17m Profit
Manama: The newly launched Unicorn Investment Bank (UIB) showed a profit of $17 million for its first eight months.
more
$50 million Musharaka Sukuk Issue launched
Bahrain: ABC Islamic Bank yesterday announced the launch of a $50 million Musharaka Sukuk issue for The Investment Dar Company of Kuwait.
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