| 2/7/2010 | Islamic finance: Profits without guilt [euromoney.com]
There is a natural controversy in Islamic finance about how strictly banks should adhere to Shariah rules. Some think certain structures that have proliferated and helped grow the industry should be banned – others say these are fine. |
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| 2/7/2010 | Islamic Bank of Thailand Promoted in Pattaya [pattayadailynews.com]
Most people in Pattaya would not realize that there is a branch of the Islamic Bank of Thailand in South Pattaya Road, who offer some interesting financial options. |
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| 2/7/2010 | Mashreq announces support of 5th Annual Middle East Retail Banking Forum, organized by Fleming Gulf [ameinfo.com]
Mashreq announced to be the Conference Sponsor for the 5th Annual Middle East Retail Banking Forum, which will be held in Dubai on 12th - 14th April 2010, and organized by Fleming Gulf. |
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| 2/7/2010 | Al Yusr Islamic banking service expands network with new branch in Al Rayyan [istockanalyst.com]
Under the patronage of HE Sheikh Abdullah Saud Al-Thani, Governor of Qatar Central Bank (QCB),and in line with its ongoing commitment to expand its network, Al Yusr Islamic banking service of IBQ,announced the opening of a new dedicated retail branch |
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| 2/7/2010 | QNB’s Al Islami set to expand globally [gulf-times.com]
QNB, the country’s largest lender, will see its Islamic banking division grow internationally this year. |
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| 2/7/2010 | CBN’s plan to categorise banks [sunnewsonline.com]
At a recent conference in Lagos, the CBN Governor, Lamido Sanusi, hinted that a categorization of the banks in the country along markets, regions and sectors of intervention, among others, is underway. |
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| 2/7/2010 | Islamic finance and social responsibility [tradingmarkets.com]
Corporate social responsibility (CSR) and Islamic financial institutions should have an obvious fit given the faith-based ethos of Islamic finance, which also gives prominence not only to wealth creation and economic development. |
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| 2/7/2010 | BRIEF: Al-Rajhi to open 90 new branches [tmcnet.com]
Al-Rajhi Bank announced Sunday that it will be expanding its network by opening 90 new branches within the next three years in a bid to be in the neighborhood of all its clients. |
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| 2/7/2010 | Saudi mortgage law to be issued soon: Central bank [ethiopianreview.com]
Riyadh — Saudi Arabian central bank Governor Mohammad Al Jasser said the kingdom will issue its first mortgage law in the next few months, boosting the real-estate industry and allowing banks to diversify their balance sheets. |
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| 2/7/2010 | QFIS to host London mayor [thepeninsulaqatar.com]
DOHA: The Qatar Faculty of Islamic Studies (QFIS), a member of Qatar Foundation, will host a delegation led by London Mayor Alderman Nick Anstee on February 10, 2010. |
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| 2/7/2010 | Indonesia raises 8 trln rupiah from retail sukuk [Reuters]
JAKARTA, Feb 8 (Reuters) - Indonesia raised 8.033 trillion rupiah ($856.3 million) from the sale of a three-year retail sukuk, a finance ministry official said on Monday. |
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| 2/7/2010 | Qatar Islamic hires 2 banks for sukuk issue [Btimes]
QATAR: Qatar Islamic Bank SAQ, complying with Islamic banking rules, hired HSBC Holdings plc and Credit Suisse Group AG to sell Islamic bonds, two bankers familiar with the transaction said. |
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| 2/7/2010 | Dubai Islamic Bank in funds deal with UAE ministry [Yahoo!]
DUBAI, Feb 7 - Dubai Islamic Bank has signed an agreement with the United Arab Emirates' ministry of finance, which grants the lender capital to provide sharia-compliant products. |
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| 2/7/2010 | Abu Dhabi Financial Services appoints new Managing Director [ameinfo.com]
The Abu Dhabi Financial Services (ADFS), the financial brokerage arm of the National Bank of Abu Dhabi (NBAD) and one of the leading brokerage companies in the UAE, today announced the appointment of Mr. Aymen Samawi as the Managing Director of ADFS. |
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| 2/7/2010 | UAB seeks steps to avert asset bubbles [business24-7.ae]
Arab central banks need to take measures to control lending activity in their countries to counter the risk of asset price bubbles that could be triggered by fresh influx of foreign capital, the region's top banker said yesterday. |
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| 2/7/2010 | Islamic Development Bank grants loan to STEG [tunisiaonlinenews.com]
TUNISIAONLINENEWS- An agreement on guarantee and another loan agreement granted by the Islamic Development Bank (IDB) to the Tunisian Electricity and Gas Company (STEG) were signed on Friday in Tunis. |
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| 2/7/2010 | Focus On Making Kuwait A Financial, Commercial Hub [arabtimesonline.com]
KUWAIT CITY, Feb 6: The government has completed drafting an agenda for the next three years. This includes laws which will ensure development in the social, economic and political spheres. |
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| 2/7/2010 | IBQ’s Al Yusr opens branch at Rayyan [gulf-times.com]
Al Yusr, the Islamic banking arm of IBQ, opened its new branch at Rayyan at a ceremony attended among others by Qatar Central Bank Governor HE Sheikh Abdullah bin Saud al-Thani and IBQ vice-chairman Ibrahim Dabdoub. |
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| 2/7/2010 | Mashreq reports net profit of Dhs1bn for 2009 [ameinfo.com]
Mashreq, one of the UAE's leading financial institutions, reported net profits of Dhs1bn for the year ended 31 December on operating income of Dhs4.9bn. |
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| 2/7/2010 | Emirates NBD to showcase savings products in Al Ain [zawya.com]
Emirates NBD, the Middle East's largest bank by asset size, announced today that it will host a nine-day campaign in Al Bawadi Mall, Al Ain, to showcase its line of personal banking products & services to the residents of Al Ain and Abu Dhabi. |
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