http://www.zawya.com/middle-east/islamicen-usCopyright 2012 Zawya Ltd. All rights reserved.Mon, 13 Feb 2012 03:18:00 GMT1314476http://www.zawya.com/middle-east/islamichttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20120214031804/Adib_profit_up_on_lower_provisionsAbu Dhabi Islamic Bank (Adib) on Monday said its net profit rose 17.3 per cent to Dh1.425 billion last year as compared to Dh1.214 billion in 2010 after it booked lower provisions.Tue, 14 Feb 2012 06:14:44 GMTEmirates 24|7 ZAWYA20120214031804Openhttp://www.zawya.com/story.cfm/sidZAWYA20120213031503/Islamic_banks_misleading_clientsClients dealing with Islamic banks in the UAE are accusing them of cheating and misleading them into investing their money without their knowledge, saying this has inflicted losses on them, according to a newspaper.Mon, 13 Feb 2012 07:48:00 GMTEmirates 24|7 ZAWYA20120213031503Openhttp://www.zawya.com/story.cfm/sidZAWYA20120213053310/Muscat_Finance_mulls_Islamic_finance_entryMuscat Finance Company, one of Oman's leading finance and leasing companies, has said that it is conducting a feasibility study on expansion into Islamic finance. The company will also renew its focus to expand its business and market share in existing segments.Mon, 13 Feb 2012 06:51:08 GMTMuscat Daily ZAWYA20120213053310Openhttp://www.zawya.com/story.cfm/sidZAWYA20120211084110/ITS_recognized_for_innovative_cuttingedge_Islamic_banking_solutions_at_OIEFITS (International Turnkey Systems Group) won yet another regional award for its innovative, cutting-edge banking and finance technology solutions. Sat, 11 Feb 2012 09:10:33 GMTPress Release ZAWYA20120211084110Openhttp://www.zawya.com/story.cfm/sidZAWYA20120210125520/EFSA_presents_draft_to_amend_the_executive_regulation_of_capital_market_law_regarding_regulating_SukukIn the framework of EFSA's effort to achieve its strategic objectives, which include the development of the capital market as well as the rules governing the financial and investment tools which increase market's efficiency and activity. Fri, 10 Feb 2012 13:05:18 GMTPress Release ZAWYA20120210125520Openhttp://www.zawya.com/story.cfm/sidZAWYA20120210124902/MARC_downgrades_rating_on_Sprints_RM510m_BAIDS_affirms_RM365m_BG_bonds_outlook_stableMARC has lowered its rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd's (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) to A+ID from AA-ID. The rating outlook is table. Fri, 10 Feb 2012 13:04:34 GMTPress Release ZAWYA20120210124902Openhttp://www.zawya.com/story.cfm/sidZAWYA20120210123545/MARC_withdraws_rating_on_HLFGs_RM800m_CPMTN_programmeMARC has withdrawn its MARC-1/AA rating on Hong Leong Financial Group Berhad's (HLFG) RM800 million commercial paper and medium term notes (CP/MTN) programme with immediate effect. Fri, 10 Feb 2012 13:00:27 GMTPress Release ZAWYA20120210123545Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209041300/EIB_further_expands_its_networkEmirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the region, has always laid a special emphasis on ensuring that it is always accessible to its customers. Thu, 09 Feb 2012 08:15:47 GMTKhaleej Times ZAWYA20120209041300Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209065940/HSBC_completes_the_first_government_Sukuk_in_Saudi_ArabiaHSBC announced that it has completed the first ever government guaranteed Sukuk in Saudi Arabia for Saudi Arabia's General Authority of Civil Aviation ("GACA"). Raising SAR 15 billion (US$4 billion) for GACA, the Sukuk achieved a profit rate of 2.5%.Thu, 09 Feb 2012 07:34:20 GMTPress Release ZAWYA20120209065940Openhttp://www.zawya.com/story.cfm/sidZAWYA20120209032809/Religious_leaders_scrutinize_Goldmans_sukukAs an emerging industry, Islamic finance has attracted much attention over the last few years. By and large, Islamic finance relies on the status and reputation of scholars to make up for the lack of governance. Thu, 09 Feb 2012 06:33:06 GMTArab News ZAWYA20120209032809Openhttp://www.zawya.com/story.cfm/sidZAWYA20120208030604/Emirates_to_raise_Dh19bn_SpokespersonEmirates airline will raise Dh1.9 billion ($517 million) to fund three aircraft to be delivered this year.Wed, 08 Feb 2012 07:19:32 GMTEmirates 24|7 ZAWYA20120208030604Open