Islamic Development Bank
Indonesia rushes to create Islamic megabanks
In a push to boost its Islamic finance industry, Indonesia keeps forging out plans to create larger Islamic banking entities in order to take...
Sukuk Summit Awards of Excellence to be held in June
ICG-Events are pleased to announce the 2015 London Sukuk Summit; the 9th Summit in the series will be taking place on the 3rd -4th...
$120m fund to be set up for Arab SMEs
The European Bank for Reconstruction and Development and the private sector arm of the Islamic Development Bank will launch a $120 million fund to...
Japanese firm to design new landmark tower for Riyadh
A Japanese company is to design a multi-purpose tower for a local real estate company in the Riyadh, Saudi Arabia.
The agreement for the designing...
Our series: Ethics in Business – Are we aware of the ‘Iagos’ in our midst?
A conversation with Dr. Ekmeleddin Ihsanoglu, OIC Secretary-General
Barwa Bank: Building a strong brand in Islamic finance
Barwa Bank, a fast growing young financial institution in Qatar, is taking the sector by storm. After having managed a lot of funding deals recently, the bank is in full swing to become a major player in the region.
2012 sukuk issuances to reach $130b
This year sukuk issuances will reach new record heights, with Malaysia, Qatar and Turkey being the most active issuers of Islamic finance bonds, a...
Malaysia-GCC trade up 12%
Trade between GCC countries and Malaysia increased from $10.5 billion in 2010 to $13.4 billion in 2011, Malaysian Deputy Minister of the Ministry of...
Saudis boosts investment in Indonesia
In an aim to support Saudi investors in Indonesia, the Jeddah-based Islamic Development Bank (IDB) has set up a business office in Jakarta, the...
$175 billion pledged for infrastructure
The Asian Development Bank (ADB), the Islamic Development Bank and other multilateral development banks said they will release $175 billion in loans for developing...
Islamic finance industry gathers
The 3rd Annual World Islamic Banking Conference: Asia Summit in Singapore saw more than 450 leaders in the international Islamic banking and finance industry...
Key Islamic finance event set to open
More than 450 key players and intellectual leaders in the international Islamic finance industry will be gathering in Singapore on June 5 and 6...
Islamic commodity trading a hot niche for investors
Ableace Raakin Sdn Bhd is the first company in the world to use palm oil and its derivatives as an asset base for commodity murabahah transactions. It is now eyeing the GCC market to promote its products and services.
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...