Thursday, February 23, 2012

Islamic Finance

  • LONDON, Feb 23 (Reuters) - A controversial plan by Goldman Sachs to issue an Islamic bond has ignited a wider debate on whether conventional banks in the West should be allowed to engage in Islamic finance.
  • (Huffington Post)
  • MUSCAT: Omans First Islamic Finance and Banking Conference opened yesterday with a call to stake holders to take effective steps in promoting Islamic finance in their countries.
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  • Feb 23 - Fitch Ratings has downgraded Jordan-based Bank of Jordan (BOJ), Jordan Islamic Bank (JIB), The Housing Bank for Trade and Finance (HBTF), and Cairo Amman Banks (CABK) Support Ratings to 4 from 3.
  • (Reuters)
  • Any correlation between Greater China (PRC and Hong Kong), Taiwan and Islamic finance may not, at first, be readily identifiable but such connections exist and are continuing to grow. This is not surprising.
  • (Mondaq)
  • ISTANBUL: Turkeys government plans its first-ever issue of Islamic bonds this year, overcoming sensitivities about Islamic finance in the secular republic as it seeks to tap a rich pool of investors flush with oil money.
  • (Lebanon Daily Star)
  • To promote Islamic Finance is a challenging job, which needs great leadership and management qualities to make it possible in the arena of interest based conventional monetary system of the world.
  • (Pakistan News Service)
  • What does the collapse of MF Global have to do with fighting Sharia finance? Everything! The financial world is still feeling the tremors of the MF Global scandal months after its failure on Halloween, 2011.
  • (Canada Free Press)
  • Malaysia aims to raise as much 30 billion ringgit ($9.9 billion) through an Islamic bond program to fund construction of a mass railway in the Southeast Asian nation's capital, the project's manager said. Dana Infra Sdn.
  • (Bloomberg)

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