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All rights reserved. http://www.halalstock.com/images/rss_g.gif http://www.halastock.com http://www.halalstock.com/newsdetail.asp?hID=2009 http://www.halalstock.com/newsdetail.asp?hID=2009 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. http://www.halalstock.com/newsdetail.asp?hID=2008 http://www.halalstock.com/newsdetail.asp?hID=2008 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. http://www.halalstock.com/newsdetail.asp?hID=2007 http://www.halalstock.com/newsdetail.asp?hID=2007 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. http://www.halalstock.com/newsdetail.asp?hID=2006 http://www.halalstock.com/newsdetail.asp?hID=2006 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. http://www.halalstock.com/newsdetail.asp?hID=2005 http://www.halalstock.com/newsdetail.asp?hID=2005 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. http://www.halalstock.com/newsdetail.asp?hID=2004 http://www.halalstock.com/newsdetail.asp?hID=2004 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. http://www.halalstock.com/newsdetail.asp?hID=2003 http://www.halalstock.com/newsdetail.asp?hID=2003 abc.az Baku, Fineko/abc.az. TuranBank OJSC intends to open a window of “Islamic banking”. http://www.halalstock.com/newsdetail.asp?hID=2002 http://www.halalstock.com/newsdetail.asp?hID=2002 channelnewsasia.com SINGAPORE: The Islamic insurance or takaful market is expected to see strong growth this year. http://www.halalstock.com/newsdetail.asp?hID=2001 http://www.halalstock.com/newsdetail.asp?hID=2001 istockanalyst.com (Source: Middle East Company News)Global Banking Corporation [GBCORP] was recently honored with the 'Best Islamic Bank' in Bahrain award, from Islamic Finance News in Malaysia, a specialized Islamic finance magazine. http://www.halalstock.com/newsdetail.asp?hID=2000 http://www.halalstock.com/newsdetail.asp?hID=2000 forbes.com Islamic finance is one of the fastest growing segments of international financial markets. Currently, total sharia-compliant assets amount to an estimated $1.125 trillion to 1.275 trillion, with an annual growth rate of 15-20%. http://www.halalstock.com/newsdetail.asp?hID=1999 http://www.halalstock.com/newsdetail.asp?hID=1999 albawaba.com Dar Al-Arkan Real Estate Development Company (Dar Al-Arkan), a leading residential real estate developer in the Kingdom of Saudi Arabia, announces that it has successfully redeemed its inaugural Sukuk issued in March 2007. http://www.halalstock.com/newsdetail.asp?hID=1998 http://www.halalstock.com/newsdetail.asp?hID=1998 gulf-daily-news.com MANAMA: Bahrain-based Islamic investment company Tadhamon Capital managed to turn in a profit in its first 15 months in spite of the global credit crunch. http://www.halalstock.com/newsdetail.asp?hID=1997 http://www.halalstock.com/newsdetail.asp?hID=1997 todayonline.com The Islamic insurance, or takaful, market is expected to see strong growth this year but the industry is fraught with challenges that includes low market penetration and a lack of Syariah-compliant investment opportunities for takaful players. http://www.halalstock.com/newsdetail.asp?hID=1996 http://www.halalstock.com/newsdetail.asp?hID=1996 worldbulletin.net JAKARTA, March 9 (Reuters) - Indonesia raised 999 billion rupiah ($108.9 million) rupiah from the auction of Islamic-compliant bond or sukuk on Tuesday, the finance ministry said in a statement. http://www.halalstock.com/newsdetail.asp?hID=1995 http://www.halalstock.com/newsdetail.asp?hID=1995 Reuters JAKARTA, March 9 (Reuters) - Indonesia raised 999 billion rupiah ($108.9 million) rupiah from the auction of Islamic-compliant bond or sukuk on Tuesday, the finance ministry said in a statement. http://www.halalstock.com/newsdetail.asp?hID=1994 http://www.halalstock.com/newsdetail.asp?hID=1994 Bernama KUALA LUMPUR, March 9 (Bernama) -- Companies need not wait for the proposed Halal Act to take effect before getting halal certificates, says Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom. http://www.halalstock.com/newsdetail.asp?hID=1993 http://www.halalstock.com/newsdetail.asp?hID=1993 Thestar KLANG: HSBC Amanah Malaysia Bhd, in a move to expand its foothold, will have a network of 11 branches by year-end, its chief executive officer, Musa Abdul Malek said. http://www.halalstock.com/newsdetail.asp?hID=1992 http://www.halalstock.com/newsdetail.asp?hID=1992 Thestar KUALA LUMPUR: Amanah Mutual Bhd (AMB), the subsidiary of Amanah Saham Nasional Bhd, has launched a Islamic capital-protected fund, AMD Dana Aqeel, to take advantage of the current strong demand by investors for such products. http://www.halalstock.com/newsdetail.asp?hID=1991 http://www.halalstock.com/newsdetail.asp?hID=1991 themalaysianinsider.com KUALA LUMPUR, March 9 — The Dubai debt crisis does not represent a permanent setback to Islamic finance even though the sukuk or Islamic bonds suffered a blow as potentially safer instrument than conventional instruments. http://www.halalstock.com/newsdetail.asp?hID=1990 http://www.halalstock.com/newsdetail.asp?hID=1990 trend.az Caspian Banking and Finance, the 6th Caspian International Banking and Finance Conference and Showcase, will take place Apr.13-14 in the Grand Hotel Europe. http://www.halalstock.com/newsdetail.asp?hID=1989 http://www.halalstock.com/newsdetail.asp?hID=1989 app.com.pk LONDON, March 9 (APP)- Chairman, Habib Bank,United Kingdom, Mr.Zakir Mahmood is optimistic about the future growth of his organisation despite adverse financial times. http://www.halalstock.com/newsdetail.asp?hID=1988 http://www.halalstock.com/newsdetail.asp?hID=1988 gulf-times.com Masraf Al Rayan will open two more branches in Doha within two months as part of the Qatar-based bank’s expansion programme. http://www.halalstock.com/newsdetail.asp?hID=1987 http://www.halalstock.com/newsdetail.asp?hID=1987 business24-7.ae Bankers expect to reach a restructuring deal with the Dubai World this week, pushing the cost of insuring Dubai's debt against default down further and lifting Nakheel's 2011 bond. http://www.halalstock.com/newsdetail.asp?hID=1986 http://www.halalstock.com/newsdetail.asp?hID=1986 business24-7.ae Abu Dhabi Islamic Bank (Adib), the oldest and the only listed Islamic bank from the capital, claims to be the largest net financier in the UAE's interbank market. http://www.halalstock.com/newsdetail.asp?hID=1985 http://www.halalstock.com/newsdetail.asp?hID=1985 smh.com.au FORGET the City, Wall Street, Frankfurt and Tokyo, here's a revelation that will rock you, and probably Gail Kelly at Westpac too. http://www.halalstock.com/newsdetail.asp?hID=1984 http://www.halalstock.com/newsdetail.asp?hID=1984 bi-me.com UAE. Abu Dhabi Islamic Bank (ADIB), one of the region’s leading Islamic banks, will provide AED300 million (US$81.7 million) Islamic finance facility to Al Dhafra Cooperative Society to fund working capital and capital expenditures. http://www.halalstock.com/newsdetail.asp?hID=1983 http://www.halalstock.com/newsdetail.asp?hID=1983 zawya.com HSBC Amanah has collected 11 awards at the Islamic Finance News Awards 2010, which recognise excellence and leadership in Islamic finance. http://www.halalstock.com/newsdetail.asp?hID=1982 http://www.halalstock.com/newsdetail.asp?hID=1982 Yahoo! SHARJAH, March 8 - Sharjah Islamic Bank <SIB.AD> said on Monday it would split its dividend to 5 percent cash and 5 percent stock rather than cut a previously proposed 10 percent cash dividend. http://www.halalstock.com/newsdetail.asp?hID=1981 http://www.halalstock.com/newsdetail.asp?hID=1981 Yahoo! AMMAN, March 8 - Jordan's Islamic Bank <JOIB.AM>, on Monday extended $100 million in murabaha financing to the kingdom to help it fund its wheat and barley imports bill, officials said. http://www.halalstock.com/newsdetail.asp?hID=1980 http://www.halalstock.com/newsdetail.asp?hID=1980 Bloomberg Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt, will ask banks for permission to delay loan repayments when it presents a plan this month, said three bankers familiar with the negotiations.