The agreement marks the first time that the ICBC Financial Leasing, a wholly owned subsidiary of the Industrial and Commercial Bank of China (ICBC) has worked with an Islamic institution. »

A Handbook on Securities Statistics released by the International Monetary Fund has defined common Islamic financial instruments. »

London based Gatehouse Bank has announced the acquisition of Fountainbridge, a student accommodation property located in Edinburgh, United Kingdom for £20.0 million. »

The sector displays steady growth in Brunei supported by regular issuance of short term Government sukuk, and by Bank Islam Brunei Darussalam. »

A comparison of fixed deposit rates offered in UK Pounds (GBP Sterling) by UK based Islamic Banks, and Conventional Banks shows the Islamic Banks offering better rates. Al Rayan Bank (formerly known as Islamic Bank of Britain) is offering an industry best profit rate of 1.90% for a one year fixed deposit, whilst the conventional arm of HSBC is offering a lowly 1.00%. Al Rayan Bank and HSBC both en... »

The Manchester office aims to serve mid-market companies in the North of England, where it has provided financing totalling £50 million over the past year. »

The proposal would give people without a deposit the option of paying monthly instalments towards the cost of a home, without having to raise a deposit. After 30 years of such payments, the buyer would own the home outright. »

Nigeria is Africa’s biggest economy and second only to Saudi Arabia in terms of Organisation of Islamic Cooperation (OIC) members GDP ranking. »

Gatehouse, a UK based investment bank operating in accordance with Sharia principles, announced the completion of terms for financing of a real estate deal. »

Emirates Airline sukuk was priced lower at 2.471% as compared to Noor Bank 2.788%. »