posted by Christopher Holton Saudi Arabia, Egypt, the United Arab Emirates and Bahrain accuse Qatar of financing “extremist” groups, including the Muslim Brotherhood. The four nations sent Qatar a list of 59 individuals and 12 institutions that allegedly finance terrorism and receive support from Qatar. Among the most prominent names on the list is Abdul […]
posted by Christopher Holton The Persian Gulf island nation of Bahrain has decided to cancel a billion dollar conventional bond deal and settle for a Shariah-compliant bond (sukuk) deal. The reason for the cancelation sheds light on the hidden risks involved in Shariah-compliant bonds. Bahrain scrapped the conventional bonds because they would have been rated […]
The Kahleeji Commercial Bank of Bahrain has taken over financing of an aircraft maintenance facility in Sola, Norway. In addition, Bahrain-based Gulf Aero has taken the maintenance facility over from Pratt & Whitney, a US-based aircraft engine manufacturer. The bank is now preparing to launch a Shariah-compliant bank in Norway. http://www.aftenbladet.no/energi/aenergy/Sharia-bank-finances-western-Norway-aircraft-facility-3359997.html#.UwZJwShQpbU
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