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Mon, 09 Nov 2009 | 23:28 GMT
 

  • Global switch to Islamic finance needed: Ahmadinejad


    The global economic order needs "radical change", Iranian President Mahmoud Ahmadinejad said on Monday, calling for the adoption of Islamic principles instead of capitalist values. AFP - 09Nov 13:39GMT
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  • MIFC promoting global Islamic finance


    Armed with its brand new motto "Shaping Islamic Finance Together," the Malaysian Islamic Finance Center (MIFC) took to the road recently to urge countries that the best way to promote the global Islamic finance industry was through cooperation and greater collaboration, particularly in the areas of innovation and liquidity management. Arab News - 09Nov 08:16GMT
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  • Witness accuses ex-Tamweel staff


    The Dubai Criminal Court heard new testimony in an ongoing case of financial wrongdoing in Tamweel yesterday, which showed that the five accused had revealed company secrets and accepted unauthorised payments. Emirates Business 24/7 - 09Nov 07:59GMT
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  • Ahmadinejad proposes joint Islamic fund


    President Mahmoud Ahmadinejad put forward a proposal for the establishment of a joint foreign currency fund by the Organization of Islamic Countries' (OIC) member states. Tehran Times - 09Nov 05:46GMT
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  • Dubai Repays $1 Billion Sukuk


    The Government of Dubai's Department of Finance said yesterday that it has repaid in full the $1-billion (Dh3.67 billion) Dubai Civil Aviation Authority sukuk, which matured on November 4. Gulf News - 09Nov 04:38GMT
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  • Al Baraka Bank Syria IPO oversubscribed 4.4 times, nets $165m


    The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. announced that the IPO of Al Baraka Bank Syria was extremely successful as it was oversubscribed by more than four times. Press Release - 08Nov 11:58GMT
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  • New documents reveal role of DIB accused


    New documents reveal the involvement of at least two of the accused in a case related to alleged swindling of Dh1.8 billion at Dubai Islamic Bank (DIB), the Dubai Criminal Court heard. Emirates Business 24/7 - 08Nov 05:46GMT
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  • Islamic Development Bank To Raise Financing By 30%


    The Islamic Development Bank (IDB) has decided to double the growth of its operation plan from 15 percent to 30 percent for the period 2009-11. Arab News - 08Nov 04:46GMT
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  • Islamic Finance is coming of age: IFC lists Sukuk on the DIFC


    On 4 November, 2009 the International Finance Corporation, an affiliate of the World Bank listed an Islamic bond, a Sukuk on the DIFC's international exchange, Nasdaq-Dubai. Press Release - 07Nov 09:24GMT
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  • GFH: receipts from the rights issue have now crossed the $200 million mark


    Bahrain-headquartered Gulf Finance House (GFH), a leading Middle Eastern Islamic investment bank, said receipts from the rights issue have now crossed the $200 million mark. Arab News - 06Nov 08:12GMT
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Market Outlook - Moving Sideways?
 
Khaled Masri, Partner at Rasmala Investments, talks about the payback of a $1 billion aviation bond by the Dubai government and Q3 results.
Dubai Eye - 09 Nov 2009

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Stories in Islamic Finance

 

Companies in Islamic Finance

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Al Rajhi Bank Saudi Arabia Banking
Dubai Islamic Bank UAE Banking
Abu Dhabi Islamic Bank UAE Banking
Al Hilal Bank UAE Banking
Saudi Arabian Cooperative Insurance Company Saudi Arabia Insurance
The Company for Cooperative Insurance Saudi Arabia Insurance
Noor Islamic Bank UAE Banking
Kuwait Finance House Kuwait Banking
Masraf Al Rayan Qatar Banking
Gulf Union Cooperative Insurance Company Saudi Arabia Insurance
 

Comments

 
“The current vogue of non-Islamic entities to raise sukuk offerings probably has more to do with the attraction of raising money from Islamic investors as opposed to any real superiority of the structure. Similarly, the drop in sukuk issuance probably had more to do with the overall retrenchment in global credit markets rather than the concern over the legality of the structures. .........”
Emad Mostaque, Investment Manager, Pictet Asset Management commenting on this article: ZDJ GUEST COLUMN: The Sukuk Renaissance
 
 

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Top Pick 
On 4 November, 2009 the International Finance Corporation, an affiliate of the World Bank listed an Islamic bond, a Sukuk on the DIFC's international exchange, Nasdaq-Dubai. It is the first time that a non-Islamic financial institution issues a Sharia compliant security for term funding, a fact all the more important, considering that the IFC, the private sector arm of the World Bank, is a leading multilateral financial institution, founded in 1956, with a strong reputation on international markets and...
 
Nasser Saidi: Economics & Governance  blog by Nasser Saidi | 09Nov09
 
Most read blogs by Community in the last 24 hrs
1 The Sorry State of Real Estate in the UAE (Uncensored Version)
2 Extreme facts brought out by the 2008 Great Recession: Continuously Updated
3 The Strange Relationship between the Oil Price and the Stock Market
4 Abu Dhabi: Too fast, too curious
5 Volatility of the Four Major Precious Metals and their Hedging Strategies
 
 

Calendar

 EntityEvent 
01Nov Organized by dmg world media Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) (4 days from 01-04 Nov 2010)
04Oct Organized by PennWell Corporation POWER-GEN Middle East 2010 (3 days from 04-06 Oct 2010)
03Oct Organized by Riyadh Exhibitions Company Saudi Build 2010 (4 days from 03-06 Oct 2010)
07Jun Organized by BME Global WEPOWER 2010 (4 days from 07-10 Jun 2010)
25May Organized by Al-Iktissad Wal-Aamal Arab International Industrial Forum (4 days from 25-28 May 2010)
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Bond and Beyond
Dubai's government is returning to the open bond market, unveiling plans to raise at least $6.5bn through a mix of conventional and sharia-compliant instruments, looking to bank on renewed investor interest and growing confidence in the emirate.
 
 
Tackling Standardisation
Standardisation, a long-standing issue in Islamic finance, should be addressed properly to avoid damage to consumer confidence in the retail sector and confusion in the corporate sector.
 
 
Regulatory
A $500M Swindle?
The CEO of Dubai Islamic Bank and Director of the Audit Department told a court that over $500million was swindled from the bank by CCH, a financial brokerage firm.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 Saudi Printing and Packaging Company Saudi Arabia 267
2 Nafais Holding Company Kuwait 262
3 Privatization Holding Company Kuwait 250
4 Suez Canal Company For Technology Settling Egypt 244
5 National Leasing Holding Qatar 183
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  Companies in Islamic Finance  (193)
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