Islamic Finance
Jordan turns to Islamic banks for borrowing
The Jordanian government borrowed $100 million from the Jordan Islamic Bank in what Finance Minister Mohammad Abu Hamour described as recognition of the successful performance of Islamic finance during the latest global financial crisis.
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Acute shortage of talent may dampen local takaful market
An acute shortage of talent in the local takaful market, coupled with two new takaful licences to be issued this year in line with the financial sector liberalisation, are expected to put a dampener on the Government’s move to turn Malaysia into an international Islamic financial hub.
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Manafsoft launches 'Yusur' system in the first Islamic and Investment Finance Forum for the Middle East
As part of its pioneering role in providing software solutions to its clients in Jordan and neighbouring countries, Manafsoft has taken the role of participating in the First Islamic Finance and Investment Forum for the Middle East held at King Hussein Convention Centre in the Dead Sea on 2nd and 3rd of March 2010.
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Jang session calls for Islamic economic system
The Jang Economic Session has regretted that although Pakistan claims to be an Islamic republic, there exists no regular Islamic economic or commercial policy.
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Bank Asya retains customers’ trust amidst crisis
Bank Asya, the largest participation bank in Turkey and the 29th on the list of the world’s 500 largest financial institutions dealing in Islamic banking products, has managed to maintain the confidence of its customers despite global financial turmoil in 2009.
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Takaful Ikhlas to Broaden Income Base with Property Acquisitions
Takaful Ikhlas Sdn Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, is looking to diversify its investment portfolio by acquiring commercial properties.
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Deutsche Bank gets Malaysian Islamic bank licence
Deutsche Bank has received an international Islamic banking licence from Malaysia's central bank, the investment bank said in a statement issued on Monday.
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Al Hilal Takaful signs number of agreements with various ministries in Abu Dhabi
Al Hilal Takaful has succeeded to sign a number of agreements with various ministries in Abu Dhabi to provide medical Takaful services and solutions.
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Takaful Ikhlas unfazed by competition
Takaful Ikhlas Sdn Bhd, the Islamic insurance arm of MNRB Holdings Bhd, is unfazed by new competition from potential takaful players that wish to enter the industry.
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