Monday 29 December 2014
 
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Shari’a

Tharawat ropes in SRB for shari’a board role

Tharawat, a Bahrain-based Islamic investment company, has signed up Shariyah Review Bureau (SRB) to handle the Shari’a supervisory board role for the company. The agreement brings together SRB's expansive role in establi

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Bahrain firm outsources Shari’a role to SRB

Investrade, a Bahrain-based Islamic investment company, has outsourced its Shari’a supervisory board role to Shariyah Review Bureau (SRB), one of the world's leading independent Shari’a advisors with scholarly presence in over se

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Islamic pension fund demand seen at $190bn

The pent up global demand for Islamic pension funds is currently between $160 billion and $190 billion, a report said, adding that most of these funds are parked under conventional sovereign pension funds due to lack of investing options.

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Bahrain banks launch new finance product

The Bahraini Saudi Bank and Al Salam Bank-Bahrain have launched a new Murabaha-based personal finance product that meets liquidity requirements of individuals. The new Shari’a-compliant product Tayseer is a flexible financing product that

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Capinnova backs Islamic banking event

Capinnova Investment Bank, the Shari’a compliant investment banking arm of Bank of Bahrain and Kuwait (BBK), has confirmed its partnership at the 18th Annual World Islamic Banking Conference (WIBC 2011) as gold strategic partner. WIBC 201

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DIFC seminar spotlights bonds and sukuks

The Dubai International Financial Centre (DIFC), Dubai’s global financial hub, recently hosted a seminar to highlight the infrastructure and support it provides organisations seeking to attract investment through bonds and sukuks. Titled ‘

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AAOIFI wins Islamic Finance award

Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) was honoured with the prestigious award for Continuing Contribution in Promoting Islamic Finance at the International Islamic Finance Forum. The event was hel

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Tamweel bags ‘Deal of the Year’ award

Tamweel, the largest provider of real estate finance in the UAE, has earned its third major industry honour this year by winning the Structured Finance Deal of the Year award presented at the 2008 Islamic Finance News Awards. Tamweel was

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GBCORP wins ‘Best New Islamic Bank’ award

Global Banking Corporation (GBCORP) was named the 'Best New Islamic Investment Bank' at a prestigious awards ceremony held in Dubai. GBCORP was selected as the winner by Islamic Finance News, a leading Malaysia- based weekly publication th

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UDC raises $600m for Shari’a fund

United Development Company (UDC), one of the leading public shareholding companies in Qatar, has completed the fundraising for the first fully Shari’a compliant closed-ended real estate development fund in Qatar. The fund has raised a tota

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