Friday 18 April 2014
 
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Islamic

Forum to explore Saudi bond issuance challenges

The opportunities and challenges facing conventional and Islamic bond issuance in Saudi Arabia will be discussed at a forum to be held in Riyadh tomorrow (April 1).   The forum, hosted by Standard & Poor&rsqu

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Takaful industry in focus at Dubai forum

Leading industry players, thought leaders and key regulators in the international Takaful (Islamic insurance) industry will discuss key challenges for operators at a conference in Dubai next month.   The ninth an

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Tecom team discusses Islamic finance in Malaysia

A delegation from Tecom Investments visited Malaysia to meet with representatives of various Islamic finance academic institutions to look into having them set up in Dubai.   The delegation, led by Dr Ayoub Kazim

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Islamic museum opens in Melbourne

Australia’s first Islamic art museum - the Islamic Museum of Australia, has been officially opened in Melbourne, the capital of Victoria.   The museum is a not-for-profit organisation with an objective to s

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Riyad Bank to arrange SAIB sukuk

Saudi Investment Bank (SAIB) has picked the investment banking arm of Riyad Bank to arrange a subordinated Islamic bond issue, banking sources said on Thursday, the latest lender in the kingdom to eye a capital-boosting sukuk offering.

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IDB, KIA units to invest in Morocco

Units of the Islamic Development Bank , a multilateral lender, and sovereign wealth fund Kuwait Investment Authority (KIA) have signed an agreement to invest jointly in Morocco's private sector. The partnership between the Jed

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YouTube ordered to remove anti-Islamic film

A US appeals court has ordered Google to remove from its YouTube video-sharing website an anti-Islamic film that had sparked protests across the Muslim world. By a 2-1 vote, a panel of the 9th US Circuit Court of Appeals rejected

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Italy bankers step up efforts to boost Islamic finance

Bankers and academics in Italy are stepping up efforts to develop Islamic finance in the country, a campaign which could benefit from growing economic links between Gulf countries and the euro zone's third largest economy. Isl

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IDB picks banks for potential sukuk

Islamic Development Bank (IDB) has picked seven banks to arrange meetings with fixed income investors ahead of a potential sukuk issue, a document from lead managers said on Tuesday. IDB will hold roadshows in the Middle East and

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VCBank posts $4.3m H1 net profit

Bahrain-based Venture Capital Bank (VCBank) has reported a net profit of $4.3 million for the six months period ended December 31 compared to $5.5 million the previous year. VCBank continued to show profitable performance with the

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