Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
The former chief executive of Dubai Islamic BankDubai Islamic Bank has been detained as part of a probe into alleged financial irregularities at the bank’s real estate subsidiary, DeyaarDeyaar. Saad Abdul Razak, who has also left his current post with Investment Corporation of Dubai, was taken into custody two weeks ago as the probe broadens, […]
Dubai International Capital, the investment agency owned by the ruler of Dubai, has denied involvement in possible bids for both Newcastle and Liverpool. By Rob Stewart and Rod Gilmour Last Updated: 4:49PM BST 15 Sep 2008 Backing down: Mike Ashley has felt the wrath of the fans and now Middle East investors could be […]
Investments in Asia to dominate Dubai portfolio Bloomberg Published: July 08, 2008, 00:09 Fukuoka, Japan: Dubai International Capital LLC, the asset management firm with more than $12 billion, said any investments made in 2008 will be in Asia, where economies may expand faster than the global average this year. The firm has earmarked $5 billion […]
By Tomoko Yamazaki July 7 (Bloomberg) — Dubai International Capital LLC, the asset management firm with more than $12 billion, said any investments made in 2008 will be in Asia, where economies may expand faster than the global average this year. The firm has earmarked $5 billion over the next two-to-three years for Asia, […]
Former Yahoo! CEO eyes up IMG takeover by Darren Davidson Brand Republic 07-Jul-08, 11:45 LONDON – Terry Semel, the former chief executive of Yahoo!, has teamed up with investment firm Dubai International Capital to launch a joint bid for sports agency IMG, whose clients include Tiger Woods and Justin Timberlake. IMG Media, which also […]
Dubai International Capital shifts focus to emerging markets Date :07/05/2008 09:05:39 http://tinyurl.com/6gnp82 Global market turmoil and a western backlash over sovereign wealth funds have pushed Dubai International Capital LLC away from Europe and North America towards emerging markets. “It is not the time to invest in the U.S.,” Sameer al-Ansari, the head of the $13 […]
http://www.liverpooldailypost.co.uk/liverpool-news/regional-news/2008/04/30/sheikh-himself-could-buy-control-of-liverpool-fc-64375-20839667/ Apr 30 2008 by David Bartlett, Liverpool Daily Post THE ruling Sheikh of Dubai is to take a more hands-on approach to secure ownership of Liverpool Football Club, the Daily Post understands. Sheikh Mohammed Al Maktoum is believed to be taking a close personal interest in the attempt to persuade American co-owner Tom Hicks […]
Tom Hicks ready for DIC showdown By Jeremy Wilson Last Updated: 1:57am BST 22/04/2008 http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/04/22/sfnhic122.xml Liverpool co-owner Tom Hicks is tonight due to come face-to-face with Sameer Al Ansari, the chief executive of Dubai International Capital, for the first time since the collapse of talks with the Arab investment company. Hicks will also […]
Dubai International, Dubai Islamic Plan New Jordan Islamic Bank http://www.bloomberg.com/apps/news?pid=20601116&sid=arqhbPFtLRyY&refer=africa By Arif Sharif and Will McSheehy April 16 (Bloomberg) — Dubai International Capital LLC and Dubai Islamic Bank PJSC plan to start a new Islamic bank in Jordan, Dubai International’s Chief Executive Officer said. The two state-backed companies plan to “create” the new bank after […]
1:16 PM Apr 11, 2008 http://www.businessspectator.com.au/bs.nsf/Article/Airport-bid-grounded-DL5H4?OpenDocument Giles Parkinson Airport bid grounded The battle for control of Auckland Airport has kept Kiwi eyebrows in an almost permanent state of elevation these past few months, but the two thuds just heard from across the Tasman were the sound of jaws dropping onto the desk, and of […]
[04/01/2008 – 08:40] Brazil to promote capital markets in the Gulf Bovespa, BM&F and other organisations in the sector will promote a workshop in Dubai, on the 21st, with the objective of attracting investors from the region. The effort, dubbed BEST, aims to promote the Brazilian market around the world. From the Newsroom*São Paulo […]
Dubai International Capital acquires stake in True Group http://archive.gulfnews.com/articles/08/03/31/10201653.html 03/30/2008 11:32 PM | Staff ReportDubai: Dubai International Capital LLC (DIC), the international investment arm of Dubai Holding, on Sunday said, it has acquired of a significant stake in the True Group, a leading provider of wellness services in South East Asia.The investment will support the […]
Millennium Finance Corp. announces a Major New Shareholder-UGB -and adopting a structure never used before in Islamic or Conventional Banking as part of it’s strategic plan
http://www.albawaba.com/en/countries/UAE/224596 Millennium Finance Corporation announces major new shareholder Dubai Islamic Bank PJSC (DIB), United Gulf Bank BSC (UGB) and the management of Millennium Finance Corporation (MFC) announced today that UGB is to become a significant shareholder in MFC.MFC, a Dubai Financial Services Authority (DFSA) licensed investment bank, was established by […]
Saturday, March 29, 2008 Another Consequence of High Priced Oil: Large Sums of US Assets Purchased by Arab Gulf States Flush with Petroleum Dollars http://floyd-associates.blogspot.com/ Comments by Allysonrt, not the author of the article In September 2007 in a complex set of transactions, Dubai proposed to acquire 19.9 percent of the NASDAQ, placing the […]
Independent.co.uk DIC to seal £400m deal for Liverpool in ‘three to four weeks’ By Jason Burt and Ian Herbert http://www.independent.co.uk/sport/football/news-and-comment/dic-to-seal-163400m-deal-for-liverpool-in-three-to-four-weeks-800255.html Tuesday, 25 March 2008 The long pursuit of Liverpool by Dubai International Capital is set to end within the next “three to four weeks” with the investment group taking full control of the Premier League […]
£3bn hotel merger talks ends http://ukpress.google.com/article/ALeqM5jDG2W29aChhUMkQy7XE_Hy3P5qQQ Prospects of a £3 billion merger between budget hotel chains Travelodge and Premier Inn have faded after talks over a deal ended.typical travelodge hotel room-No comments necessary Premier Inn owner Whitbread said it had been holding “preliminary conversations” with its rival about a combination, but the discussions were now […]
Travelodge Annual Profit Rises 30% Following London Expansion By Amy Wilson March 17 (Bloomberg) — Travelodge, the U.K. budget hotelier owned by Dubai International Capital LLC, said profit rose 30 percent in 2007 after more properties opened in London. Earnings climbed to 55.8 million pounds ($112 million) before interest, taxes, depreciation and amortization from 42.8 […]
Dubai aims new fund at the West By Louise Armitstead and James Hall Last Updated: 1:27am GMT 16/03/2008 Dubai, the oil-rich Gulf state, has launched a new multi-billion pound sovereign wealth fund as it looks to extend its reach in the global economy. News and analysis on the UK and world economy The fund, which will […]
UAE. Dubai International Capital (DIC) said on Tuesday that the Chief Executive of its emerging markets division has left the company.Rabih Khoury, a senior executive within the private equity arm controlled by Dubai Holding, is leaving ”by mutual consent” to pursue other interests, DIC said in a statement. In the meantime, Anand Krishnan, DIC’s Chief […]
Hicks Ends Talks With DIC Over Liverpool Stake Liverpool co-owner Tom Hicks has “decided to terminate” discussions with Dubai International Capital to buy a minority stake in Liverpool. Talks between the two were revealed last week, however since then relations have soured, with Hicks complaining of a lack of professionalism from the investment arm […]
DIC Confident Of Closing Deal For Liverpool Tom Hicks is expected in London early next week to discuss the future of Liverpool with Dubai International Capital, with indications that that American’s stance has softened somewhat and that a deal to sell the club could be imminent.The club’s co-owner has been in a stand-off with […]
Soccer · Liverpool DIC confirms Liverpool negotiations Tuesday, 4 March 2008 09:17 Liverpool’s American owners have been in talks with Dubai International Capital, the investment arm of the emirate’s government confirmed on Tuesday.The Anfield ownership battle has been the subject of intense speculation in recent months, with the future of Tom Hicks and George Gillett […]
Market Scan Citi Turns To Bond Market-Forbes http://www.forbes.com/markets/economy/2008/03/05/citigroup-securities-capital-markets-equity-cx_md_0304markets25.html Maurna Desmond, 03.05.08, 3:00 PM ET Citigroup, under pressure to raise capital, is making a big bet that it can raise money from yield-hungry investors. It is selling a $2.5 billion bond issue, most of which it is underwriting by itself. Wednesday, Citigroup said it would sell […]
Hicks & Gillett in talks with DIC Dubai International Capital (DIC) have confirmed they have been in talks with Liverpool’s American owners about buying a stake in the club. The ownership battle at Liverpool has been the subject of intense speculation for the last few months with uncertainty regarding the futures of American duo […]
Dubai: Citi May Need More Cash by Jeffrey Cane Mar 4 2008 S.W.F.’s differ over bank investments. Asked about the billions of dollars invested in Citigroup by rival sovereign wealth funds and Prince Walid bin Talal of Saudi Arabia, Sameer al-Ansari, the British-educated chief executive of Dubai International Capital, told a private equity conference […]
Gulf investors not enough to rescue Citigroup: Dubai (Reuters) Reuters – Gulf investment agency Dubai International Capital (DIC) said on Tuesday it would take “a lot more money” to rescue Citigroup Inc following investments from Abu Dhabi, Kuwait and Saudi Arabia’s Prince Alwaleed. www.foxnewsonline@foxnews
Dubai International Capital plans more Mideast deals By Mirna Sleiman March 3, 2008 DUBAI (Zawya Dow Jones) — Dubai International Capital, a Dubai-government controlled investment company that owns a stake in HSBC Holdings Plc, plans more Mideast deals in an effort to capitalize on the region’s booming economies, a top executive said. “DIC has close […]
Selected Papers on Islamic Economics Compiled by Moulana Ahmed Fazel Ebrahim [The Role of Foreign Aid|Media Ignorance] [A Drain by Emigrating Brains |Economic Control] People Are Enemies to that which they are Ignorant of Introductory Article Islamic economics encompasses every sector of activity. Numerous cultural ramifications emerge through the ages requiring a renewed insight into […]
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