http://www.zawya.com/islamicen-usCopyright 2009 ABQ Zawya Ltd. All rights reserved.Sat, 21 Nov 2009 03:53:00 GMT4914476http://www.zawya.com/islamichttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidZAWYA20091121035357The structure of the merger of mortgage lenders Amlak and Tamweel will be finalised before the end of ?the year. Sat, 21 Nov 2009 06:37:19 GMTKhaleej Times ZAWYA20091121035357Openhttp://www.zawya.com/story.cfm/sidZAWYA20091120060734Judge 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. Fri, 20 Nov 2009 08:35:14 GMTKhaleej Times ZAWYA20091120060734Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119132313GE 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. Thu, 19 Nov 2009 13:41:03 GMTPress Release ZAWYA20091119132313Openhttp://www.zawya.com/story.cfm/sidZAWYA20091119112559Funding from an Islamic bank will help develop agriculture in poor countries, a UN food agency said on Sunday. Thu, 19 Nov 2009 12:07:43 GMTIran Daily ZAWYA20091119112559Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118124940Fitch 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.' Wed, 18 Nov 2009 12:52:40 GMTPress Release ZAWYA20091118124940Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118111133A top banker of Luxembourg a country famous for hosting international financial institutions has said that his country would welcome the establishment of Islamic banks.Wed, 18 Nov 2009 11:19:46 GMTKUNA (Kuwait News Agency) ZAWYA20091118111133Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118092716International 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. Wed, 18 Nov 2009 09:34:46 GMTPress Release ZAWYA20091118092716Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118085830The 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).Wed, 18 Nov 2009 09:29:15 GMTKUNA (Kuwait News Agency) ZAWYA20091118085830Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118065533Five 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. Wed, 18 Nov 2009 08:01:29 GMTPress Release ZAWYA20091118065533Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118055402IFC, 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.Wed, 18 Nov 2009 07:17:14 GMTPress Release ZAWYA20091118055402Openhttp://www.zawya.com/story.cfm/sidZAWYA20091118042608Islamic banks in the UAE are outperforming their conventional rivals in terms of profitability, liquidity and earnings per share, according to a new report.Wed, 18 Nov 2009 06:29:52 GMTEmirates Business 24/7 ZAWYA20091118042608Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117123846The Assistant Undersecretary for Traffic Affairs in the Ministry of Interior and the Traffic Department Manager Major General Mahmoud Al-Doussari praised Kuwait Finance House's (KFH) efforts to shoulder its social responsibilities, especially regarding raising traffic awareness through its continuous contributions in that field.Tue, 17 Nov 2009 13:20:07 GMTPress Release ZAWYA20091117123846Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117094331Bahrain (KFH-Bahrain) acted as a Joint Lead Manager and a Bookrunner for the US$100m Sukuk issue for the International Finance Corporation (IFC; S&P AAA; Moody's Aaa), the private sector arm of the World Bank Group. Tue, 17 Nov 2009 10:54:11 GMTPress Release ZAWYA20091117094331Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117095119First Energy Bank (FEB) today announced the establishment of a world class polysilicon production facility, the first of its kind and scale in the region, which is to be located in the Kingdom of Saudi Arabia. Tue, 17 Nov 2009 10:52:47 GMTPress Release ZAWYA20091117095119Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117084846As cautious optimism returns to the global economy and financial markets begin to move towards stabilisation and economic recovery, more than 1,200 industry decision-makers from over 50 countries are preparing to meet in Bahrain at the 16th Annual World Islamic Banking Conference (WIBC 2009). Tue, 17 Nov 2009 09:24:27 GMTPress Release ZAWYA20091117084846Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117085057Norkom Technologies has announced that Al Hilal Bank has selected its market-leading financial crime and compliance solutions in a deal that marks Norkom's second Islamic bank client and fourth major deal in the Middle East region over the last 12 months. Tue, 17 Nov 2009 09:22:49 GMTPress Release ZAWYA20091117085057Openhttp://www.zawya.com/story.cfm/sidZAWYA20091117085323Al Faiz Fund 1 Limited ("Al Faiz Fund 1"), a Shariah compliant private fund established in Labuan and managed by the Kuwait Finance House (Malaysia) Berhad Group of Companies, has managed to attract some of the largest institutional and high net worth individual investors from the Middle East and Asia.Tue, 17 Nov 2009 09:20:25 GMTPress Release ZAWYA20091117085323Openhttp://www.zawya.com/story.cfm/sidZAWYA20091116033154Islamic bankers have welcomed the announcement by the Malaysian government of several key incentives to ensure the rapid development of the Islamic finance in Malaysia.Mon, 16 Nov 2009 08:12:04 GMTArab News ZAWYA20091116033154Openhttp://www.zawya.com/story.cfm/sidZAWYA20091116033245The Luxembourg office of PricewaterhouseCoopers (PWC) in a report on Islamic finance published at the end of October 2009, has urged greater involvement and visibility from the Luxembourg government and regulators if it is serious about establishing the principality as a European Islamic finance hub especially for Islamic funds and sukuk.Mon, 16 Nov 2009 08:10:50 GMTArab News ZAWYA20091116033245Openhttp://www.zawya.com/story.cfm/sidANA20091115T151149ZLNQ08The Islamic Development Bank announced Sunday an extra one billion dollars (670 million euros) to support farmers in developing countries in a project with the UN food agency, the agency said.Mon, 16 Nov 2009 07:31:35 GMTAFP ANA20091115T151149ZLNQ08Openhttp://www.zawya.com/story.cfm/sidZAWYA20091116043851Kuwait's Investment Dar will present creditors and investors this month with a proposal to restructure about 1 billion dinars ($3.5 billion) of its debt, a Dar spokesman said.Mon, 16 Nov 2009 07:25:13 GMTKuwait Times ZAWYA20091116043851Openhttp://www.zawya.com/story.cfm/sidZAWYA20091115084003Gulf Finance House (GFH), the leading Middle Eastern Islamic investment bank announced it has signed an agreement today with Deutsche Bank for the placement of its second US$ 100 million convertible murabaha facility.Sun, 15 Nov 2009 08:48:01 GMTPress Release ZAWYA20091115084003Openhttp://www.zawya.com/story.cfm/sidZAWYA20091114085440Noor Islamic Bank PJSC today announced it has enhanced its existing innovative 'Payroll Solution' to support the federal government's decree on Wage Protection System (WPS) that was launched earlier this year as a joint initiative by the Ministry of Labour and the UAE Central Bank.Sat, 14 Nov 2009 09:13:30 GMTPress Release ZAWYA20091114085440Openhttp://www.zawya.com/story.cfm/sidZAWYA20091114074157Path Solutions, the global provider of Islamic banking software, announced today that it has signed an agreement with SWIFT, a worldwide provider of secure financial messaging services, aimed at the development of cutting-edge new standard messages for Islamic products to constantly meet industry needs. Sat, 14 Nov 2009 08:42:07 GMTPress Release ZAWYA20091114074157Openhttp://www.zawya.com/story.cfm/sidZAWYA20091114070340In line with its ongoing commitment to customer care and technical innovation, Dubai Islamic Bank (DIB) announced today the launch of its new Al Islami Online Banking system. The launch marks the first phase in the modernisation initiative of Al Islami Online Banking.Sat, 14 Nov 2009 08:07:04 GMTPress Release ZAWYA20091114070340Openhttp://www.zawya.com/story.cfm/sidZAWYA20091113071029 QNB Al Islami announced it is extending its campaign to provide customers transferring their salaries to QNB Al Islami with the opportunity to secure Double Their Salary in Free Tawlia-based Finance with zero profits for the Bank on this amount. Fri, 13 Nov 2009 07:47:10 GMTThe Peninsula ZAWYA20091113071029Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091112121436The Sarasin Group, a leading Swiss private bank with a broad international footprint, today announced the launch of a comprehensive new Islamic wealth management offering that comprises the full spectrum of Sharia-compliant private banking products and services. Thu, 12 Nov 2009 12:58:58 GMTPress Release ZAWYA20091112121436Openhttp://www.zawya.com/story.cfm/sidZAWYA20091112040001 Gulf Finance House, or GFH, the leading Middle Eastern Islamic investment bank, on Wednesday announced a net loss of $29 million for the third quarter of 2009, which compares to a profit of $82 million made during the third quarter of 2008. Thu, 12 Nov 2009 07:05:41 GMTKhaleej Times ZAWYA20091112040001Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091112034524The Islamic Development Bank agreed to grant EUR130 million facilities to the Iranian Energy Ministry for Qom and Kashan's wastewater treatment. Thu, 12 Nov 2009 06:41:48 GMTTehran Times ZAWYA20091112034524Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091112034853Iran is the largest market for Shariah-compliant assets, accounting for 35.6 percent of the global aggregate, The Banker magazine's "Top 500 Islamic Financial Institutions" ranking shows, reported ISNA news agency. Thu, 12 Nov 2009 06:40:25 GMTTehran Times ZAWYA20091112034853Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091112031754QInvest, Qatar's largest investment bank and Fortis Bank Nederland have joined force to launch a Shariah compliant mezzanine fund targeting financing opportunities in the marine transportation industry. Thu, 12 Nov 2009 06:30:38 GMTThe Peninsula ZAWYA20091112031754Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091111130813Khaleeji Commercial Bank (KHCB) announced that it has posted a net profit of BD1.1 millions for the last three months ended 30th September 2009 (BD 6.3 Million during the same period in 2008). Wed, 11 Nov 2009 13:35:30 GMTPress Release ZAWYA20091111130813Openhttp://www.zawya.com/story.cfm/sidZAWYA20091111105358Islamic finance is playing an important role in the economic recovery due to its adherence to ethical principles of finance, according to Hussain Al Qemzi, Group CEO of Noor Islamic Bank and Noor Investment Group.Wed, 11 Nov 2009 11:34:31 GMTPress Release ZAWYA20091111105358Openhttp://www.zawya.com/story.cfm/sidZAWYA20091111080943Sharjah Islamic Bank (SIB) has signed a media consultancy agreement with Sahara Communications, a subsidiary of Sahara Group, at the bank's headquarters in Sharjah. Wed, 11 Nov 2009 08:44:41 GMTPress Release ZAWYA20091111080943Openhttp://www.zawya.com/story.cfm/sidZAWYA20091111040042The $3.52 billion (Dh12.92bn) Nakheel sukuk (09) traded yesterday above its maturity value on high demand from investors, sources in the bond market said.Wed, 11 Nov 2009 07:02:09 GMTEmirates Business 24/7 ZAWYA20091111040042Subscriptionhttp://www.zawya.com/story.cfm/sidZAWYA20091110144949The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C. announced that it had posted a net profit of US$ 45 million in the third quarter of 2009 and US$ 137 million for the first nine months of year 2009. Tue, 10 Nov 2009 14:55:51 GMTPress Release ZAWYA20091110144949Openhttp://www.zawya.com/story.cfm/sidZAWYA20091110142228Jordan Dubai Islamic Bank (JDIB) has announced the recent appointment of Dr. Hussain Hamed Hassan as the Chairman of the Shari'a and Legitimacy Control Committee. Tue, 10 Nov 2009 14:29:04 GMTPress Release ZAWYA20091110142228Openhttp://www.zawya.com/story.cfm/sidZAWYA20091110135221 Global issuance of sukuk has surged in recent months in a marked turnaround from earlier in the global credit crisis, Moody's Investors Service notes in a new Special Report. Tue, 10 Nov 2009 14:05:18 GMTPress Release ZAWYA20091110135221Openhttp://www.zawya.com/story.cfm/sidZAWYA20091110134203Noor Islamic Bank today announced the launch of a fully operational branch in the Al Khalidiyah district of Abu Dhabi. Tue, 10 Nov 2009 13:50:49 GMTPress Release ZAWYA20091110134203Openhttp://www.zawya.com/story.cfm/sidANA20091109T112737ZKQO14The global economic order needs "radical change", Iranian President Mahmoud Ahmadinejad said on Monday, calling for the adoption of Islamic principles instead of capitalist values.Mon, 09 Nov 2009 13:39:14 GMTAFP ANA20091109T112737ZKQO14Openhttp://www.zawya.com/story.cfm/sidZAWYA20091109032538Armed 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.Mon, 09 Nov 2009 08:16:11 GMTArab News ZAWYA20091109032538Openhttp://www.zawya.com/story.cfm/sidZAWYA20091109042123The 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.Mon, 09 Nov 2009 07:59:30 GMTEmirates Business 24/7 ZAWYA20091109042123Openhttp://www.zawya.com/story.cfm/sidZAWYA20091109040811President Mahmoud Ahmadinejad put forward a proposal for the establishment of a joint foreign currency fund by the Organization of Islamic Countries' (OIC) member states.Mon, 09 Nov 2009 05:46:52 GMTTehran Times ZAWYA20091109040811Openhttp://www.zawya.com/story.cfm/sidGN_08112009_091131The 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.Mon, 09 Nov 2009 04:38:31 GMTGulf News GN_08112009_091131Openhttp://www.zawya.com/story.cfm/sidZAWYA20091108094607The 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.Sun, 08 Nov 2009 11:58:19 GMTPress Release ZAWYA20091108094607Openhttp://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 ZAWYA20091108032827Open