www.bloomberg.com Islamic Bond Scholars Toughen Rules on Sukuk Sales By Will McSheehy March 13 (Bloomberg) — Religious scholars are imposing tougher rules on the sale of Islamic bonds to investors after stating that most of the securities may not fully conform to the teachings of the Muslim faith. Investors bought $30 billion of so-called sukuk […]
First Investment Co. Full-Year Net Rises 26% to $92.4 Million By Zainab Fattah Feb. 17 (Bloomberg) — First Investment Co., the Kuwaiti Islamic Finance company known as Al-Ola, said full-year profit surged 26 percent, without giving a reason for the increase. Net income rose to 25.3 million dinars ($92.4 million), or 46.02 fils a share, […]
Archbishop Williams Is Wrong to Back Shariah Law: Matthew Lynn Commentary by Matthew Lynn Feb. 13 (Bloomberg) — An archbishop of Canterbury hasn’t found himself in this much trouble since Thomas Becket fell afoul of Henry II in 1170. Last week, Rowan Williams, the leader of the Church of England, stirred up a massive row […]
Islamic Finance in Sri Lanka, sukuk and sukuk trading
Islamic finance in Sri Lanka, sukuk and sukuk trading Riyazi Farook, a Master’s student at Middlesex University London, writes in the Sri Lanka Sunday Times (based on an article originally published in Islamic Finance News about the Islamic banking industry in the country. Although only 7 percent of the population is Muslim, the country’s banking […]
Black Enterprise.com News Briefs about the Middle East Investment Market
BE BUSINESS REPORT AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column 2008-01-15 AME InfoBy AME Info, Abu Dhabi, United Arab Emirates Jan. 15–DFM UP SHARPLY, ADSM HAS SLIGHT GAIN: The Dubai Financial Market rose sharply today, Tuesday, gaining 182.18 points, or 2.98 percent, to finish on 6,291. National Industries Group was the day’s […]
Business Week-“Who’s Afraid of Mideast Money?”
This is one of the most important articles to read about the emerging power and takeover of the West by Middle East Money. We should all be afraid…very afraid. However the lust for greed and money will be the downfall of the democracy we live under unless we can change this course of selling our […]
Business Week-“Who’s Afraid of Mideast Money?”
<!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/printerfriendly”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–> THIS IS ONE OF THE MOST IMPORTANT ARTICLES I HAVE POSTED. IT IS A MUST READ, AND ONE THAT NEEDS TO BE READ AND […]
Sudan is a terrorist state, a leader of the slave industry, and has been part of the terror connection. It is now working with bankers in Europe and raising money and this is a grave concern. There has been horrific genocide in Sudan, and it has econonic sanctions against it. The sale of these bonds […]
This article must be read, and reread. Try to understand why this author, is concerned about the rise of Islamic banking. His concerns are that the boards who oversee the banking and fast growth do not have the time to examine the institutions to make sure that they are “halal”. The issues of whether the […]
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