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October 24, 2009

Malaysia Budget 2010: Government To Issue USD887 Million 1Malaysia Sukuk

Available at: http://bernama.com/bernama/v5/newsbusiness.php?id=449151 KUALA LUMPUR, Oct 23 (Bernama) — The government will issue 1Malaysia sukuk totalling RM3 billion to give opportunity for the rakyat to increase […]
October 22, 2009

Islamic bank loses millions in New Zealand investment

Available at: http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10604858 An Islamic bank has been burned by tens of millions of dollars from its investment in one of New Zealand’s most iconic brands. […]
October 20, 2009

The Happy Planet Index As an Alternative to The Human Development Index

Costa Rica is world’s greenest, happiest country Available at: http://www.guardian.co.uk/environment/2009/jul/04/costa-rica-happy-planet-index Costa Rica is world’s greenest, happiest country. Latin American nation tops index ranking countries by ecological […]
October 19, 2009

Consultation on the legislative framework for the regulation of alternative finance investment bonds (sukuk): Summary of Responses

The UK Consultation on Islamic Bonds By Puzant Merdinian, SJ Berwin – Available at: http://www.gtnews.com/article/7556.cfm This article will briefly analyse the joint consultation paper published by […]
October 15, 2009

Islamic finance industry stunted by lack of expertise

Available at: http://www.ftadviser.com/FTAdviser/Investments/Region/News/article/20091015/961309e4-b979-11de-8529-00144f2af8e8/Islamic-finance-industry-has-lack-of-expertise.jsp A shortage of expertise in the Islamic finance industry and the lack of regulatory harmonisation are the biggest obstacles facing the sector’s growth, […]
October 14, 2009

Dubai Financial Services Authority Consults on Islamic Finance Rules in the DIFC

Available at: http://www.dfsa.ae/WhatsNew/DispForm.aspx?Id=107 The Dubai Financial Services Authority (DFSA) issued last week a Consultation Paper setting out proposals to enhance clarity and accessibility of the Islamic […]
October 13, 2009

Call to review interest in court judgements

By Habhajan Singh, Available at: http://www.themalaysianreserve.com/SubPage.asp?pageid=6&eventid=1177 The provision for High Court judges to grant interest upon judgment needs to be looked into as far as Islamic […]
October 12, 2009

Islamic Development Bank announces plans to launch investment bank

Available at: http://www.business24-7.ae/Articles/2009/10/Pages/11102009/10122009_f78f86a991ef4704a73a0f24d1298ada.aspx The Jeddah-based Islamic Development Bank (IDB) announced the launch of an Islamic investment bank with initial capital of $1 billion (Dh3.6bn) to promote […]
October 11, 2009

Islamic Banking – Reality and Myth

By: Dr. Nimrod Raphaeli (Senior Analyst (emeritus) at the Middle East Media Research Institute. Available at: http://www.memri.org/bin/latestnews.cgi?ID=IA55209 Introduction Islamic banking is based on Islamic law and […]
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