Structure of Amlak-Tamweel Merger ?to be Finalised before End of the Year

The structure of the merger of mortgage lenders Amlak and Tamweel will be finalised before the end of ?the year. Khaleej Times - 21Nov 06:37GMT
Judges' Panel in Tamweel Graft Case Withdraws

Judge Hamad Abdul Latif Abdel Jawad, presiding a panel of the Court of First Instance looking into a Tamweel corruption case, said on Thursday that his panel is withdrawing from hearing the case. Khaleej Times - 20Nov 08:35GMT
GE Capital Completes First Sukuk Offering of US$500 million

GE Capital, the finance arm of General Electric (NYSE: GE) announced the completion of its inaugural "sukuk" Islamic bond issuance tailored for investors across the Middle East, Asia and Europe. Press Release - 19Nov 13:41GMT
FAO, Islamic Bank in Farming Deal

Funding from an Islamic bank will help develop agriculture in poor countries, a UN food agency said on Sunday. Iran Daily - 19Nov 12:07GMT
Fitch Affirms QIB's (A) Rating/Outlook Stable

Fitch Ratings today announced Qatar Islamic Bank's (QIB) ratings as Long-term Issuer Default (IDR) 'A' with Stable Outlook, Short-term IDR 'F1,' Individual 'C,' Support '1' and Support Rating Floor 'A.' Press Release - 18Nov 12:52GMT
Luxembourg welcomes establishment of Islamic banks

A top banker of Luxembourg a country famous for hosting international financial institutions has said that his country would welcome the establishment of Islamic banks. KUNA (Kuwait News Agency) - 18Nov 11:19GMT
International Investment Bank announces its 3rd Quarter Results

International Investment Bank (IIB), a globally focused investment bank based in the Kingdom of Bahrain operating in line with Shari'ah principles, today announced its results for the 3rd Quarter of 2009. Press Release - 18Nov 09:34GMT
KFH signs memorandum of understanding with ISRA

The head Fatwa and Shari'ah department in Kuwait finance House KFH in Malaysia Dr. Mohammad Abdulrazzak Al-Tabtabai signed here on Tuesday a memorandum of understanding with International Shari'ah Research Academy for Islamic Finance (ISRA). KUNA (Kuwait News Agency) - 18Nov 09:29GMT
Building Robust Standards for Islamic Capital Markets

Five pragmatic pre-conference workshop sessions led by experienced and respected industry experts on the 6th of December 2009 at the 16th Annual World Islamic Banking Conference (WIBC 2009) will place a range of complex themes in a practical framework, enabling a deeper understanding of the issues that matter. Press Release - 18Nov 08:01GMT
First Sukuk Underscores IFC Commitment to Middle Eastern, North African Capital Markets

IFC, a member of the World Bank Group, today asserted that strategic investments in Gulf Cooperation Council countries can strengthen financial markets and promote economic development in the Middle East and North Africa. Press Release - 18Nov 07:17GMT

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Radio

General Electric Taps Into Sukuk Market

Abdulkadir Hussain, CEO of Mashreq Capital, talks about GE's new sukuk and how it is expected to perform.
Dubai Eye - 16 Nov 2009

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Community Buzz

Stories in Islamic Finance

Most read stories by Community in the last 24 hrs

1	GE Capital Completes First Sukuk Offering of US$500 million
2	Judges' Panel in Tamweel Graft Case Withdraws
3	FAO, Islamic Bank in Farming Deal
4	GE Capital Sukuk Sees Less Than $1B In Orders
5	Luxembourg advised of more involvement in Islamic finance
6	Luxembourg welcomes establishment of Islamic banks
7	GE unit expected to close order books for Islamic bond
8	FEB launches Saudi Polysilicon
9	Islamic banks out do conventional rivals in the UAE
10	Fitch Affirms QIB's (A) Rating/Outlook Stable

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
Al Hilal Bank	UAE	Banking
The Company for Cooperative Insurance	Saudi Arabia	Insurance
Abu Dhabi Islamic Bank	UAE	Banking
Saudi Arabian Investment Company	Saudi Arabia	Investment Firms and Funds
AREF Investment Group	Kuwait	Investment Firms and Funds
Alinma Bank	Saudi Arabia	Banking
Bank Saderat Iran	Iran	Banking
Islamic International Arab Bank	Jordan	Banking

Projects

Most viewed projects by Community in the last 24 hrs

Project Name	Country	Sector
Takreer - Ruwais Refinery Expansion	UAE	Oil and Gas
ENEC - Nuclear Power Plant	UAE	Power and Water
Emirates Aluminium (EMAL) - Smelter Complex - Phase 1	UAE	Industry
SATORP - Jubail Refinery and Petrochemical Complex	Saudi Arabia	Oil and Gas
Dubai RTA - Dubai Metro	UAE	Infrastructure
Qatar Foundation - Sidra Medical and Research Center	Qatar	Real Estate
ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field	UAE	Oil and Gas
SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2)	Saudi Arabia	Oil and Gas
Abu Dhabi DOT - Abu Dhabi Metro	UAE	Infrastructure
Takreer - Ruwais Refinery Expansion - Offsites and Utilities Package	UAE	Oil and Gas

Blogs

Top Pick Should issuers disclose the use of sukuk proceeds
The way sukuk are structured involves setting up an external company to separate the assets of the sukuk from the company's assets and other business. Are some sukuk structured that way to issue sukuk to finance businesses that would not be halal investments in the underlying company? Sharing Risk dot Org blog by Blake Goud \| 21Nov09

Most read blogs by Community in the last 24 hrs

1	Animal Spirits Redux?
2	Dubai: The World’s First City to Have Free WiFi?
3	The Strange Relationship between the Oil Price and the Stock Market
4	Extreme facts brought out by the 2008 Great Recession: Continuously Updated
5	1970's all over again?

Calendar

	Entity	Event
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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Zawya Network

595 members in Islamic Finance

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19Nov09

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19Nov09

Drumming Up Support
As traditional lenders have been felled by the global financial and economic crisis, Islamic financiers have been drumming up support for Islamic finance.

A new dawn for Dubai?
Dubai has its day in the sun as it fully pays off a $1 billion Sukuk, bringing a renewed sense of confidence to a previously uncertain situation.

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.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Cap ($mil)
1	Saudi Printing and Packaging Company	Saudi Arabia	266
2	Nafais Holding Company	Kuwait	235
3	Suez Canal Company For Technology Settling	Egypt	233
4	Privatization Holding Company	Kuwait	222
5	National Leasing Holding	Qatar	190
» View Full List

Related Information

Zawya Funds Analytics

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Companies in Islamic Finance (195)

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