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. […]
Dow Jones Islamic Market Index marks 10th Anniversary
The Dow-Jones Islamic Market Index is 10 years old. Excuse us if we decline to join in the celebration of one of America’s financial icons helping our enemy’s threat doctrine infiltrate our financial system. Dow Jones’ due diligence with regard to that entity has been nothing short of LOUSY. Case in point: they brought on […]
Will Dubai’s soaring economy come in for a landing? By SHASHANK BENGALI McClatchy Newspapers “Coming in for a landing” Dubai has built its name on realizing the unbelievable and, often, the unnecessary: the world’s new tallest skyscraper, an indoor ski slope, a constellation of faux islands molded to resemble a map of the world. […]
www.ribh.wordpress.com Arab Stocks Slide for Second Day Arab stock markets fell on Thursday for a second day, led by a more than six percent plunge on the Dubai Financial Market, as recession fears continue to haunt the global economy. The DMF Index was trading slightly off its lows in midday trade at 3,235.99, down […]
Gulf shares too decline on recession worries Bloomberg Published: October 15, 2008, 12:11 Dubai: Gulf shares declined for the first time in three days on concerns that the world’s biggest economies may slip into a recession, curbing earnings in the region.Arabtec Holding PJSC, the company building the world’s tallest tower in Dubai, fell for […]
The somnolent atmosphere on the Abu Dhabi Securities Exchange trading floor belies the dire state of regional equity markets. Although most companies have reported healthy earnings in the past quarter, Gulf stock markets have plunged and all are firmly in the red. Saudi Arabia’s Tadawul All-Shares index, which tracks the performance of the largest Gulf […]
By Robin Wigglesworth Published: July 16 2008 15:55 | Last updated: July 16 2008 15:55 What is smaller than Cyprus, less active than Mauritius and thinner than Malta? The answer is the Dubai International Financial Exchange. In the first half of 2008 the value of shares traded on the DIFX was $1.1bn, less […]
Sat Jun 28, 2008 7:43am EDT Investors will have the option to trade on individual stocks or stocks representing the whole index, as well as future contracts, said senior vice president of innovation and development Armen Papazian. The bourse is also expecting more initial public offerings (IPOs), Papazian said, without giving details. Dubai-based jewellery […]
CENTER NetSol Technologies Announces Approval to Dual List on the Dubai International Financial Exchange (DIFX) Listing to Mark First Ever U.S. Company to Dual List on DIFX Exchange; Current Float Available, No New Shares Offered June 05, 2008: 08:30 AM EST NetSol Technologies Inc. (“NetSol”) (NASDAQ: NTWK), a worldwide provider of global business services and […]
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 […]
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 […]
Deutsche CEO talks Fed cuts and world market by Frank Kane on Sunday,January 27,2008 Henry Azzam, Chief Executive Officer of the Middle East and North Africa division of Deutsche Bank, has been at the forefront of financial innovation in the Middle East for many years, especially the development of the Dubai International Financial Exchange. […]
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