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Kingdom Holding sets up sharia committeeKingdom Holding Company (KHC), the investment company chaired by Saudi Prince Alwaleed, said it has set up a new sharia committee based on the recommendation of KHC board members. The new sharia committee will help study the gradu More… |
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Gatehouse advises $54m sale of P&G propertyGatehouse Bank, a Shariah compliant investment bank based in London, has completed the sale of the Procter & Gamble (P&G) UK headquarters building, in a deal worth GBP33.68 million ($54.12 million). The sale representing a More… |
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SABB seminars focus on Islamic bankingThe Saudi British Bank (SABB) recently held three seminars in Riyadh, Jeddah and Al Khobar on the opportunities and challenges facing Islamic banking. The seminars also discussed the promising future of Islamic banking in light of More… |
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NCB Capital launches Saudi's 1st UCITS fundsNCB Capital has become the first Saudi company to launch non-Saudi registered funds under the Undertakings for Collective Investment in Transferable Securities (UCITS) platform registered in Ireland. Saudi Arabia’s largest w More… |
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Sidra-Swiss fund investments reach $13.5mSaudi Arabia-based Sidra Capital, a Shariah compliant financial services company and Swiss-regulated Inoks Capital SA, an investment house, announced that investments in various transactions by its jointly managed fund reached $13.5 million. More… |
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Barwa unit closes first Shariah fund in BrazilThe First Investor (TFI), the investment banking division of Qatar-based Barwa Bank Group, has announced the closing of the first Shari'ah compliant closed-end income generating fund in Brazil. The TFI-Hines Brazil Income Real Estate F More… |
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Gatehouse seals $55m UK property dealGatehouse Bank, a London-based Sharia-compliant investment bank, has announced the successful delivery of its realised investment in UK real estate through the sale of two properties in a deal worth £34.4 million ($55.5 million). The More… |
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DIB unit in Oman Shariah consultancy dealDubai Islamic Bank’s (DIB) said its Sharia consultancy and advisory unit, Dar Al Sharia Legal & Financial Consultancy, has reached an agreement to provide consultancy services to Bank Sohar, the fourth largest bank in Oman. The Bank So More… |
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Dow Jones Islamic Market index up 4.16pcThe Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of world’s leading Shari’ah-compliant stocks, finished February with a 4.16 per cent growth, according to data compiled by Dow Jones Indexes. Elsewhe More… |
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Apicorp seals $667m Islamic finance dealArab Petroleum Investments Corporation (Apicorp) said it has successfully closed a three-year SR2.5 billion ($667 million) syndicated Shari’ah-compliant facility from four leading Saudi banks on competitive market terms. A Saudi-based mult More… |
