ArabianBusiness.com - Middle East Business News Friday, 04 July 2008 | 11:48 UAE time

YOUR DIRECTORY /

Barwa secures $190mn loan, eyes sukuk

Islamic Finance
Qatari developer to use money to fund investments and projects, exec says.



Monday, 30 June 2008

Dubai Islamic, Global fund eyes three deals by Q3

Islamic Finance
Fund to do deals with Turkish, Indian financial services firms and Gulf retailer.

Dubai Islamic, Global fund eyes three deals by Q3

Sunday, 29 June 2008

Saudi Electricity eyes sukuk

Islamic Finance
Gulf's largest utility by market value says needs to spend $6.93bn on 4 power plants.

Saudi Electricity eyes sukuk

Thursday, 26 June 2008

DIFC watchdog urges transparency from Islamic scholars

Islamic Finance
DIFC Authority CEOcalls for systems to force accountability into industry.

DIFC watchdog urges transparency from Islamic scholars

Wednesday, 25 June 2008

$500mn Islamic buyout fund set up

Islamic Finance
Dubai Islamic and Kuwait's Global Investment House establish sharia compliant fund.

$500mn Islamic buyout fund set up

Monday, 23 June 2008

ETA Star seeks $400mn for Asia push

Islamic Finance
Dubai property developer plans to offer fund, Islamic bonds for expansion.

ETA Star seeks $400mn for Asia push

Sunday, 22 June 2008

Ajman bank to focus on UAE market

Islamic Finance
Islamic lender, whose shares surged 5-fold on debut, to target domestic market in coming 5 years - CEO.

Ajman bank to focus on UAE market

CBK considers stake in Iraqi Islamic bank

Islamic Finance
Commercial Bank of Kuwait looks to take 50% stake in Baghdad-based Islamic lender - report.

CBK considers stake in Iraqi Islamic bank

Thursday, 19 June 2008

Al Hilal to double UAE bank branches

Islamic Finance
New Islamic lender expands presence in bid to tap demand for shariah-compliant services.

Al Hilal to double UAE bank branches

Dubai commits $250mn to sharia fund

Islamic Finance
DMCC to invest $250mn in sharia compliant fund investing in hedge funds.

Dubai commits $250mn to sharia fund

Wednesday, 18 June 2008

Kuwait's KFH to expand in Turkey and Gulf

Islamic Finance
UPDATE 1: Islamic lender also considering entering Hong Kong and Australia, CEO says.

Kuwait's KFH to expand in Turkey and Gulf

Thursday, 12 June 2008

Bahrain's Albaraka plans $200mn in acquisitions

Islamic Finance
Islamic bank to consolidate presence in the Middle East, could include Asia acquisition.


Ajman Bank to list June 22

Islamic Finance
Islamic lender says will list shares on the DFM, after raising $149.8mn in February initial public offering.

Ajman Bank to list June 22

Algeria, UAE plan $333mn debt deal

Islamic Finance
UAE gov't to convert millions of Algerian debt into investments into the North African country.

Algeria, UAE plan $333mn debt deal

Dubai forms Islamic banking body

Islamic Finance
Dubai Banking Group to target GCC, SE Asia and Africa.


Monday, 09 June 2008

Islamic finance sets sights on Africa

Islamic Finance
Saudi-based Jadwa Investment to create sharia compliant fund specialising in African equity markets.


Sunday, 08 June 2008

Cbank steps in to deal with dollar shortage

Islamic Finance
UAE to allow Islamic banks to borrow up to $200mn per day against certificates of deposit.

Cbank steps in to deal with dollar shortage

Wednesday, 04 June 2008

Saudi's Alinma continues surge in day 2 trading

Islamic Finance
Stock closes up 9.4%, making lender country's 7th largest bank by market value.

Saudi's Alinma continues surge in day 2 trading

First independent British Takaful company approved

Islamic Finance
Principle Insurance to begin operations later this year, following FSA authorization.

First independent British Takaful company approved

Tuesday, 03 June 2008

UK still committed to sukuk programme

Islamic Finance
Barriers remain, but GBP2 bn sovereign ijara issuance is achievable, says minister.


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