Islamic Finance
Saad’s Islamic Bonds Priced for ‘Default,’ ING Says
Islamic bonds with a face value of $650 million sold by Saudi billionaire Maan al-Sanea’s Saad Group are priced for a default, according to ING Investment Management.
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Kuwait- Insured strength the best policy
Kuwait's insurance sector, along with much of the country's economy, looks set for a period of consolidation, with larger and more diverse operators best placed to weather the downturn in the local market.
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Jakarta to decide on Islamic bank tax bill
Indonesia could decide by September whether to amend double taxation laws that make Islamic financial transactions costlier than conventional deals, a parliamentarian said yesterday.
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Noor Takaful Teams up with Mondial Assistance Group to Launch Travel Takaful Services
Noor Takaful, the Islamic insurance arm of Noor Investment Group, today announced it has teamed up with Mondial Assistance Group, the world’s largest provider of emergency services, to launch Travel Takaful comprising a wide spectrum of support services for contingencies arising during foreign travel.
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Dubai Islamic Bank Enhances Customer Service and Cuts Costs with Avaya IP Telephony
Dubai Islamic Bank – the world’s first fully-fledged Islamic bank founded in 1975 – has reduced its branch-to-branch communications costs by almost 50 percent in just six months by deploying an Avaya IP telephony solution.
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Keynote Address by Dato’ Sri Nazir Razak, CIMB Group CEO, on “The Rise of Asian Banks” at the 3rd Euromoney Thailand Investment Forum
This is the Keynote Address by Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group, on “The Rise of Asian Banks”, at the 3rd Euromoney Thailand Investment Forum held in Bangkok today (9th June)
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IIRA assesses liquidity position of the Islamic banks
The Islamic International Rating Agency has published a research report on the liquidity characteristics of Islamic Banks.
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Australia Sees Rescue in Islamic Finance
Grappling with a chocking financial meltdown, Australia is eyeing a share of the booming Islamic finance market to beat a growing recession and create more jobs.
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Islamic Bank of Britain eyes ME customers
Islamic Bank of Britain (IBB) has announced the launch of its premier banking service and the opening of its premier banking office in Berkeley Square, London aimed at catering to customers from the Middle East.
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Pak-Qatar group to set up Islamic bank
Chairman Board of Director Pak-Qatar Family and General Takaful and member of the Supreme Council of the Royal Family of the State of Qatar Sheikh Ali Bin Abdullah Thani Al-Thani has applied to set up an Islamic bank in Pakistan. He revealed this in a meeting with Prime Minister Syed Yousuf Raza Gilani at PM House on Friday. He said he hoped that due formalities for it would be completed soon.
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