Mutual Fund
A shari’a real estate fund in Paris, courtesy of an anonymous Kuwaiti bank, has all the trappings of a queer yet interesting partnership in a market with fair potential.
July 13, 2012 4:30
Egyptian MPs to pick constitution-setting assembly
Egypt's Islamist-dominated parliament on Saturday will pick members of a body tasked with drafting a new constitution, a document that could decide which branch of state will effectively rule the country for years to come.
March 24, 2012 3:21
Qatar QFIB eyes 2012 Doha listing, seeks Islamic loan
Qatar First Investment Bank (QFIB) plans to list on the Doha stock exchange by year-end and wants to raise a $250 million sharia-compliant facility during the first half of 2012, Chief Executive Emad Mansour said on Tuesday.
February 21, 2012 4:29
Dubai Islamic 2011 net profit rises 25 percent
Dubai Islamic Bank (DIB), Dubai's largest sharia-compliant bank by assets, posted a 25 percent rise in 2011 net profit, the lender said in a statement on Thursday.
February 2, 2012 1:00
Dubai’s Tamweel reports Q4 profit jump
Q4 profit 31 mln dirhams from 8 mln dirhams in Q4 2010; Full-year net profit 101.9 mln dirhams; Tamweel shares up over 7 pct this year
January 29, 2012 3:55Tamweel launches $300M 5-year sukuk
Dubai's Tamweel, a sharia-compliant mortgage provider, has launched a $300 million five-year Islamic bond, or sukuk, a document from lead managers said on Tuesday.
January 11, 2012 11:18Bahrain pushes bank merger to boost capital
Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases, a senior official said on Sunday.
December 11, 2011 6:28Saudi Aviation Authority sets sukuk for Jeddah Airport
Saudi Arabia's General Authority for Civil Aviation (GACA) will issue a sukuk, or Islamic bond, within one or two months to help finance its new 27-billion-riyal ($7.2-billion) airport in Jeddah, its president said on Al Arabiya television channel.
December 11, 2011 6:22Islamic finances assets to hit $1.1 Trillion in 2012
Islamic finance assets around the world are expected to climb 33 percent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.
November 22, 2011 2:15Abu Dhabi’s ADCB sets final guidance on 5-year sukuk
Final guidance set at 275 bps over mid swaps; Books closed 1230GMT, pricing expected later today
November 16, 2011 8:26Kuwait’s Intl Investment Group CEO resigns
International Investment Group's (IIG) chief executive officer resigned just two months after being appointed to the position and has been replaced as acting CEO by board member Ghassan Al-Sultan, it said in a bourse statement on Wednesday.
November 16, 2011 8:23Abu Dhabi’s Al Hilal Bank mandates for debut Islamic bond
Abu Dhabi's Al Hilal Bank has picked three banks to arrange its debut Islamic bond, or sukuk, three sources familiar with the matter said on Monday, with the deal expected to emerge in the first quarter of 2012, one of them added.
November 14, 2011 1:44Noor Islamic Bank leads $1.4B Islamic Finance mandates in Turkey
Noor Islamic Bank (Noor) has been mandated to arrange and lead manage more than $1.4 billion Islamic finance capital market deals in Turkey in the last 18 months, making it the most active UAE bank in the republic.
October 23, 2011 2:28UAE’s Tamweek Q3 net profit exceeds expectations
Q3 net profit 15.7 million dirhams vs 7.3 million dirhams; Impairment provisions fell to 13.5 million dirhams
October 23, 2011 2:22
Can Islamic finance maintain its pace of growth?
The $1 trillion global Islamic finance market still has a bright future, barring any sharp turns in the world’s economic crisis, with the Arab Spring pushing investors into Asia.
October 12, 2011 2:10
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Dubai Labourers on 'rare' labour protest
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Tumblr officially off the market
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43