| 3/10/2010 | UAB proposes liquidity support for Islamic banks [business24-7.ae]
Union of Arab Banks (UAB) is close to finalising a plan to facilitate Islamic banks to approach Central Banks for liquidity support, said to a top UAB official. |
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| 3/10/2010 | Road Show on Islamic Banking starts [pakobserver.net]
Lahore—A national Road Show consisting of over 300 awareness interactive programmes in Islamic Banking and Takaful, covering 100 cities throughout Pakistan has been started. |
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| 3/10/2010 | Ithmaar's rights issue to fuel expansion [arabnews.com]
Ithmaar Bank will launch on Thursday a rights issue to help fund the planned expansion of its operations. The rights issue is part of a capital raising initiative, which includes a mandatory convertible sukuk, designed to raise a total of up to $400M |
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| 3/10/2010 | QIIB to focus on core banking, allocate 100% [gulf-times.com]
International Islamic (QIIB) has made 100% allocation this year to develop its core banking business particularly in Qatar, CEO Abdulbasit A al-Shaibei has said. |
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| 3/10/2010 | KUWAIT-TURKEY BANK CHALKS USD 83 MILLION NET PROFIT IN 2009 [brunei.fm]
ANKARA, March 10 (NNN-KUNA) — The Kuwait-Turkey Bank’s net profit surged by 22 per cent last year while assets grew by 18 per cent despite the banking sector suffering a setback in Turkey as a result of the global economic crisis. |
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| 3/10/2010 | DFSA Launches Electronic Islamic Finance Handbooks [zawya.com]
The Dubai Financial Services Authority (DFSA) has launched a series of electronic Islamic finance tailored handbooks, designed to help Firms undertaking Islamic finance activities in the Dubai International Financial Centre (DIFC). |
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| 3/10/2010 | Centennial College launches Islamic finance course [metronews.ca]
Centennial College is aiming to enhance Toronto’s global standing as a financial services hub with the launch of an Islamic finance course this May. |
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| 3/10/2010 | Interview: Islamic banking can boost trade between China, Muslim states [istockanalyst.com]
AMMAN, Mar. 10, 2010 (Xinhua News Agency) -- China has been urged to consider introducing Islamic banking practices to boost trade with the Arab and Muslim world. |
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| 3/10/2010 | Riyadh Bank Posted $47 Billion Total Assets [istockanalyst.com]
(Source: Info-Prod Research (Middle East))According to Al-Khaleej newspaper (March 9, 2010), Mr. Adnan Yousef, Chairman of Union of Arab Banks, said that the total assets value of the Riyadh Bank hit $47 billion by the end of 2009. |
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| 3/10/2010 | Bahrain finance minister: Islamic rules saved us from recession [CNN]
Manama, Bahrain (CNN) -- Bahrain's finance minister said adherence to strict Islamic rules helped his country escape the worst of the global recession. |
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| 3/10/2010 | Enhancing Financial Inclusiveness: CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank Partner to Launch ‘Islamic Microfinance Chal [Yahoo!]
CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank have joined forces to challenge the Islamic microfinance industry to develop new ideas for business models. |
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| 3/10/2010 | BURSA MALAYSIA PLANS TO TRADE METAL ON BURSA SUQ AL-SILA' [Yahoo!]
KUALA LUMPUR, March 10 (Bernama) -- Bursa Malaysia plans to trade metal and add new specifications for crude palm oil (CPO) on Bursa Suq Al-Sila' this year, as volume was expected to see a huge growth on local and foreign interests. |
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| 3/10/2010 | UPDATE 2-Dubai creditors to get multiple options -sources [Reuters]
Lenders to Dubai World [DBWLD.UL] will get a range of options including full repayment once Abu Dhabi decides how much additional support it will give its debt-laden neighbour, sources close to the discussions said. |
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| 3/9/2010 | QIIC looks to boost its market share [gulf-times.com]
Qatar Islamic Insurance Company (QIIC) is strengthening its domestic and global operations to increase its market share and efficiency of its investments. |
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| 3/9/2010 | Sri Lanka Amana Takaful starts general insurance in Maldives [lankabusinessonline.com]
March 09, 2010 (LBO) - Sri Lanka's Amana Takaful Insurance said its Maldivian subsidiary Amana Takaful (Maldives) has got regulatory approval to do general insurance business in the archipelago. |
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| 3/9/2010 | Adib arranges Dh300m for Al Dhafra [business24-7.ae]
Abu Dhabi Islamic Bank (Adib) will provide Dh300 million Islamic finance facility to Al Dhafra Co-operative Society to fund working capital and capital expenditures. |
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| 3/9/2010 | UAB calls for more bank mergers in UAE [business24-7.ae]
The UAE Government should come out with schemes to encourage mergers in the banking system, Union of Arab Banks (UAB) Chairman Adnan Ahmed Yousif said yesterday. |
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| 3/9/2010 | Bahrain's Unicorn near Saudi asset management deal [arabnews.com]
RIYADH: Bahrain-based Islamic investment bank Unicorn is close to signing a "big" mandate for asset management services in Saudi Arabia, a senior executive said on Tuesday. |
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| 3/9/2010 | IDB to launch roadshow for Istikhlaf bank soon [gulfnews.com]
Dubai: The Islamic Development Bank will soon launch a roadshow to attract investment for Istikhlaf, an Islamic bank, a top banking official said here yesterday. |
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| 3/9/2010 | TuranBank expands operations within framework of rendering services for Islamic banking [abc.az]
Baku, Fineko/abc.az. TuranBank OJSC intends to open a window of “Islamic banking”. |
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