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Wakala new alternative to Murabaha dealsIslamic interbank lending is now starting to move away from Murabaha contracts to Wakala, which is seen as a stronger Sharia-compliant process, said report. The International Islamic Financial Market (IIFM), the global standardisa More… |
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GFH in talks over $100m Wakala loanGulf Finance House (GFH), a Bahrain-based Islamic investment bank, said it is in discussions with Liquidity Management Centre (LMC) syndicate regarding the tenor of its $100m Wakala facilities - due in 2010 ($50 million) and 2011 ($50 mi More… |
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Dubai Islamic Bank in funds deal with ministryDubai Islamic Bank has signed an agreement with the UAE's ministry of finance, which grants the lender capital to provide sharia-compliant products. The finance ministry has granted to Dubai Islamic Bank "the wakala capital for the purpose More… |
