http://www.zawya.com/islamicen-usCopyright 2009 ABQ Zawya Ltd. All rights reserved.Sun, 08 Nov 2009 04:58:00 GMT4714476http://www.zawya.com/islamichttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20091108045840New 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.Sun, 08 Nov 2009 05:46:22 GMTEmirates Business 24/7 ZAWYA20091108045840Openhttp://www.zawya.com/story.cfm/sidZAWYA20091108032827The 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.Sun, 08 Nov 2009 04:46:14 GMTArab News ZAWYA20091108032827Openhttp://www.zawya.com/story.cfm/sidZAWYA20091107080653On 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. Sat, 07 Nov 2009 09:24:45 GMTPress Release ZAWYA20091107080653Openhttp://www.zawya.com/story.cfm/sidZAWYA20091106064049Bahrain-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.Fri, 06 Nov 2009 08:12:39 GMTArab News ZAWYA20091106064049Openhttp://www.zawya.com/story.cfm/sidZAWYA20091106061034A new complementary report, including evidence that the defendants in the Dubai Islamic Bank (DIB) fraud case are in fact involved in swindling the bank, was submitted to ?Attorney-General Issam Eisa Al Humaidan recently.Fri, 06 Nov 2009 07:38:43 GMTKhaleej Times ZAWYA20091106061034Openhttp://www.zawya.com/story.cfm/sidGN_05112009_061129Islamic banking assets continued double-digit growth this year as conventional bank growth stagnated, according to The Banker's Top 500 Islamic Financial Institutions survey, published in association with HSBC Amanah.Fri, 06 Nov 2009 05:59:08 GMTGulf News GN_05112009_061129Openhttp://www.zawya.com/story.cfm/sidANA20091105T134902ZKDK13Banks that comply with Islamic Sharia law are thriving despite the global financial crisis, thanks largely to a "conservative approach to risk," according to a new listing published Thursday.Thu, 05 Nov 2009 14:10:42 GMTAFP ANA20091105T134902ZKDK13Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104123229Mr. Ebrahim Al Aradi, Acting Director of the Bahrain Stock Exchange (BSE) issued a resolution on Wednesday, 4th November 2009 to list IFC Hilal Sukuk on the Exchange that was issued by Hilal Sukuk Company.Wed, 04 Nov 2009 12:39:54 GMTPress Release ZAWYA20091104123229Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104114652The International Finance Corporation (IFC), a member of the World Bank Group, today listed its first Sukuk on NASDAQ Dubai, the international exchange serving the Middle East.Wed, 04 Nov 2009 11:57:27 GMTPress Release ZAWYA20091104114652Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104101629Prestigious Malaysian rating agency MARC has asserted the long and short term rate of Kuwait Finance House-Malaysia (KFHM) at AA+, and lauded the bank's performance, advanced ratings, various products, and robust capital, which allows it to be one of the main Islamic banking leaders in the area.Wed, 04 Nov 2009 10:45:06 GMTPress Release ZAWYA20091104101629Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104035507Noor Takaful said on Tuesday that it has launched the GCC's first online real-time, web based, Islamic insurance service.Wed, 04 Nov 2009 07:56:16 GMTKhaleej Times ZAWYA20091104035507Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104071226The global financial crisis has not hit Islamic finance industry thanks to its sound and strong systems as Gulf Islamic investment firms still have $235 billion's worth of combined assets, Islamic financial leaders said.Wed, 04 Nov 2009 07:36:39 GMTKUNA (Kuwait News Agency) ZAWYA20091104071226Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104041004The main stumbling block in the merger process between Amlak Finance and Tamweel is the "evaluation" of the two companies, according to a source close to the process.Wed, 04 Nov 2009 07:20:23 GMTEmirates Business 24/7 ZAWYA20091104041004Openhttp://www.zawya.com/story.cfm/sidZAWYA20091104050616The fast-growing Islamic financial sector needs strong regulation to ensure it never faces the damage suffered by the global system as a result of the financial crisis, Malaysia's prime minister said.Wed, 04 Nov 2009 06:42:35 GMTFinancial Times ZAWYA20091104050616Openhttp://www.zawya.com/story.cfm/sidZAWYA20091103133256Bursa Malaysia?s world?s first Shari?ah compliant commodity trading platform, Bursa Suq Al-Sila? was awarded the ?Most Outstanding Islamic Finance Product? by KLIFF Islamic Finance Awards 2009. Tue, 03 Nov 2009 15:00:06 GMTPress Release ZAWYA20091103133256Openhttp://www.zawya.com/story.cfm/sidZAWYA20091103143430As part of the National Bank for Development's commitment towards constant growth and development, the bank is opening and renovating 28 branches in governorates across Egypt. Tue, 03 Nov 2009 14:47:07 GMTPress Release ZAWYA20091103143430Openhttp://www.zawya.com/story.cfm/sidGN_02112009_031101.txtAjman Ajman Bank, the emirate's first Islamic commercial bank, yesterday announced it has succeeded in cutting its third-quarter operational loss by 29 per cent in comparison to the second quarter.Tue, 03 Nov 2009 05:42:19 GMTGulf News GN_02112009_031101.txtOpenhttp://www.zawya.com/story.cfm/sidZAWYA20091102033409Gulf Finance House (GFH), the Bahrain-incorporated Islamic investment bank, seems to have hit its fund raising target of $350 million through a mixture of a rights issue, the partial sale of an equity stake and through a Murabaha placement facility.Mon, 02 Nov 2009 09:07:38 GMTArab News ZAWYA20091102033409Openhttp://www.zawya.com/story.cfm/sidZAWYA20091102033408International Finance Corporation (IFC), the private sector funding arm of the World Bank Group, has seen fit in going to the market to raise $100 million through a US dollar denominated sukuk issuance.Mon, 02 Nov 2009 09:06:43 GMTArab News ZAWYA20091102033408Openhttp://www.zawya.com/story.cfm/sidZAWYA20091102052759The allocations for bad debts in five Abu Dhabi-based banks, National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), First Gulf Bank (FGB) and Union National Bank (UNB), have increased in the third quarter of the current fiscal year by 38.9 per cent, compared to the first half.Mon, 02 Nov 2009 05:44:15 GMTEmirates Business 24/7 ZAWYA20091102052759Openhttp://www.zawya.com/story.cfm/sidZAWYA20091101041220The combined assets of Islamic banks jumped by nearly 66 per cent at the end of 2008 despite massive losses suffered by the global banking sector because of the economic crisis, according to a an Arab banking group.Sun, 01 Nov 2009 04:41:52 GMTEmirates Business 24/7 ZAWYA20091101041220Openhttp://www.zawya.com/story.cfm/sidZAWYA20091031081333Numerous Muslims yet to be serviced with Islamic products Sat, 31 Oct 2009 08:36:43 GMTPress Release ZAWYA20091031081333Openhttp://www.zawya.com/story.cfm/sidZAWYA20091031040707Saudi Hollandi Bank (SHB) recently opened a new Islamic banking branch in Ghadeer, north of Riyadh, with the Teller Cash Recycler (TCR) system, which is introduced for the first time in Saudi Arabia.Sat, 31 Oct 2009 06:17:15 GMTArab News ZAWYA20091031040707Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091030083801Friends Provident International (FPI) has added Emirates Investment Services' (EIS) conventional and Islamic multi manager funds to its fund platform. Fri, 30 Oct 2009 09:51:07 GMTEmirates Business 24/7 ZAWYA20091030083801Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091030064446Abu Dhabi Islamic Bank posts Dh239.5 million third quarter profit, up 11% vs same period of last year.Fri, 30 Oct 2009 09:03:00 GMTGulf News ZAWYA20091030064446Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091029040025Dubai on Wednesday successfully placed nearly $2 billion in new five-year Islamic bonds, the biggest sukuk sale from the Gulf region this year, which received a hearty response reflecting renewed investor confidence in the emirate and lifting doubts about its ability to meet its debt obligations, analysts ?and bankers said.Thu, 29 Oct 2009 08:33:43 GMTKhaleej Times ZAWYA20091029040025Openhttp://www.zawya.com/story.cfm/sidZAWYA20091029043344Tamweel has issued a statement on the Nasdaq Dubai and DFM websites referring to a report published on Tuesday by Emirates Business relating to a case heard by the Dubai Criminal Court.Thu, 29 Oct 2009 08:18:22 GMTEmirates Business 24/7 ZAWYA20091029043344Openhttp://www.zawya.com/story.cfm/sidZAWYA20091029043721Based on the close of trading on October 26, the global Dow Jones Islamic Market Titans 100 Index, gained 2.17 per cent month-to-date, closing at 2025.76, said a Dow Jones release.Thu, 29 Oct 2009 08:17:23 GMTEmirates Business 24/7 ZAWYA20091029043721Openhttp://www.zawya.com/story.cfm/sidZAWYA20091029064038Barwa Bank, a major new financial services provider in Qatar yesterday announced the soft launch of its operations in Doha.Thu, 29 Oct 2009 07:59:50 GMTThe Peninsula ZAWYA20091029064038Openhttp://www.zawya.com/story.cfm/sidZAWYA20091028131220Jordan Islamic Bank, a subsidiary-banking unit of the Bahrain-based Al Baraka Banking Group B.S.C., announced its financial results for the third quarter of the current year.Wed, 28 Oct 2009 13:20:31 GMTPress Release ZAWYA20091028131220Openhttp://www.zawya.com/story.cfm/sidZAWYA20091028033538The Ministry of Finance (MoF) in Jordan is planning to tap Islamic sukuks (bonds) in a bid to attract more capital to finance government projects.Wed, 28 Oct 2009 06:19:02 GMTJordan Times ZAWYA20091028033538Openhttp://www.zawya.com/story.cfm/sidZAWYA20091028035724The fixed-rate dollar sukuk by Dubai, whose order book is reported to have crossed $1.5 billion (Dh5.5bn) on active demand, is likely to be priced in the range of 6.5-6.7 per cent, according to analysts.Wed, 28 Oct 2009 06:13:35 GMTEmirates Business 24/7 ZAWYA20091028035724Openhttp://www.zawya.com/story.cfm/sidZAWYA20091027143913LMC realized a net profit of US$ 3.53 million for the nine months ended 30 September 2009 in comparison to US$ 6.2 million during the same period of 2008. Tue, 27 Oct 2009 14:45:34 GMTPress Release ZAWYA20091027143913Openhttp://www.zawya.com/story.cfm/sidZAWYA20091027141407Kuwait Finance House - Bahrain (KFH-Bahrain) yesterday inaugurated its second full-service KFH Automall showroom and branch in the Kingdom of Bahrain.Tue, 27 Oct 2009 14:22:33 GMTPress Release ZAWYA20091027141407Openhttp://www.zawya.com/story.cfm/sidZAWYA20091027130400Qatar First Investment Bank (QFIB) has acquired a landmark building in a prime location in Doha from Al Jazeerah Islamic Company (AJIC), a Qatar based Shari&rsquoah financial solutions provider to house its corporate headquarters. Tue, 27 Oct 2009 13:09:57 GMTPress Release ZAWYA20091027130400Openhttp://www.zawya.com/story.cfm/sidZAWYA20091027102201Abu Dhabi Islamic Financial Services (ADIFS), ADIB brokerage arm and UAE's biggest Islamic broker by market share, announced the signing of an agreement with Tradenet, a leading regional order management solutions provider to the financial industry.Tue, 27 Oct 2009 10:34:26 GMTPress Release ZAWYA20091027102201Openhttp://www.zawya.com/story.cfm/sidZAWYA20091027034727Islamic bonds are poised for record gains amid confidence that Nakheel, the Dubai market's biggest issuer, will avoid default.Tue, 27 Oct 2009 06:37:53 GMT7Days ZAWYA20091027034727Openhttp://www.zawya.com/story.cfm/sidZAWYA20091027041908Details of the Tamweel bribery trial are to be put before a court that is hearing a separate case involving alleged embezzlement by senior officials at the mortgage lender.Tue, 27 Oct 2009 06:32:57 GMTEmirates Business 24/7 ZAWYA20091027041908Openhttp://www.zawya.com/story.cfm/sidZAWYA20091026115947Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank announced the signing of an agreement with Qatar Islamic Bank (QIB) relating to the sale of 10% of its 15% stake in Qinvest to QIB.Mon, 26 Oct 2009 12:14:06 GMTPress Release ZAWYA20091026115947Openhttp://www.zawya.com/story.cfm/sidZAWYA20091026070922Kuwait Finance House (Baitak) earned KD 281.4 million, including KD 106.4 million worth of shareholders' dividends and profits for depositors at a rate of 46.6 fils per share, over the past nine months.Mon, 26 Oct 2009 07:35:33 GMTKUNA (Kuwait News Agency) ZAWYA20091026070922Openhttp://www.zawya.com/story.cfm/sidZAWYA20091026033022Ireland, like other European countries, is warming to Islamic finance and Dublin has emerged as an Islamic investment fund rival to the Channel Islands and Luxembourg.Mon, 26 Oct 2009 07:25:50 GMTArab News ZAWYA20091026033022Openhttp://www.zawya.com/story.cfm/sidZAWYA20091026035406Dubai has unveiled a fund-raising initiative for $6.5 billion (Dh23.86bn) through a combination of $4bn euro medium-term note (EMTN) and a $2.5bn sukuk issue, the latter being sold through a new Cayman Islands entity called Dubai DOF Sukuk, according to the prospectus made available to prospective investors.Mon, 26 Oct 2009 07:14:41 GMTEmirates Business 24/7 ZAWYA20091026035406Openhttp://www.zawya.com/story.cfm/sidGN_25102009_261019.txtAl Tomooh Finance Scheme for Small National Businesses and Emirates Islamic Bank (EIB) have announced the signing of a Memorandum of Understanding (MoU) to provide Al Tomooh customers with the option to obtain Sharia-compliant financing, including Murabaha, Istisna"a and Ijara.Mon, 26 Oct 2009 05:10:01 GMTGulf News GN_25102009_261019.txtOpenhttp://www.zawya.com/story.cfm/sidGN_25102009_261037.txtThe government of Dubai is set to launch a fresh borrowing programme worth $6.5 billion (Dh23.8 billion), news agencies reported, quoting the offer document and bankers who attended the roadshows in Abu Dhabi and Dubai.Mon, 26 Oct 2009 05:06:29 GMTGulf News GN_25102009_261037.txtOpenhttp://www.zawya.com/story.cfm/sidZAWYA20091026035439The Dubai Government's EMTN and sukuk issue is expected to attract positive reaction from the global and regional investors, according to Mahdi Mattar, Head of Research and Chief Economist at Shuaa Capital.Mon, 26 Oct 2009 04:23:29 GMTEmirates Business 24/7 ZAWYA20091026035439Open