Thursday 23 October 2014
 
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Islamic

Islamic finance grows twice as fast as traditional banks

Islamic finance is growing at twice the rate of the traditional banking industry in its core markets, which include Malaysia, Indonesia, Turkey and the GCC countries, according to an expert. The industry currently boasts $1.6 tril

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Islamic State ‘training pilots to fly in three jets’

Iraqi pilots who have joined Islamic State in Syria are training members of the group to fly in three captured fighter jets, a group monitoring the war said on Friday, saying it was the first time that the militant group had taken to the air.

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Bahrain bourse plans Islamic product range

Bahrain's stock exchange plans to launch a range of Islamic investment products, including a novel equity-based murabaha financing tool and Islamic real estate investment trusts (REITs), its chief executive told Reuters. The B

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BIBF-Thomson Reuters study Islamic finance growth

Bahrain Institute of Banking and Finance (BIBF) is collaborating with Thomson Reuters to study the knowledge dimension of the Islamic finance industry through the ICD Thomson Reuters Islamic Finance Development Indicator (IFDI) 2014.

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French, US planes strike Islamic State in Iraq, Syria

French fighter jets struck Islamic State targets in Iraq yesterday (September 25), and the United States hit them in Syria, as a US-led coalition to fight the militants gained momentum with an announcement that Britain would join.

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IS planning attacks on Paris, US subway systems

Iraq has received ‘credible’ intelligence that Islamic State militants plan to launch attacks on subway systems in Paris and the US, Iraqi Prime Minister Haider Al-Abadi said. "Today, while I am here, I am receivi

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How Islamic State uses Syria's oil to fuel its advances

In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's energy industry in their bid to build a caliphate. Sales at Sha

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IIRA reaffirms ABC Islamic Bank ratings

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bahrain-based ABC Islamic Bank at A+/A-1 on the national scale (long-term and short-term respectively), and A-/A-2 on the international scale with a 'Stable' ou

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Islamic finance in focus at Bahrain conference

More than 1,300 high-level industry professionals from over 50 countries will take part in major Islamic banking conference in Bahrain. The the 21st annual edition of the World Islamic Banking Conference (WIBC 2014) will be held u

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For Assad, US plan will weaken one foe but bolster others

By striking Islamic State in Syria, the United States would be weakening one of President Bashar Al-Assad's major enemies. But the new US strategy may still unnerve Assad by helping other opponents determined to overthrow him.

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