Laws, in particular Tax Laws need to be updated to accommodate Islamic products as tax neutrality between Islamic and conventional products needs to be neutral. »
The Turkish website alleged Mr. Gürerk had assigned his friend Hüseyin Cankurtaran's company (Standart Değerleme) as a mediator in the purchase of a 200 million Turkish Lira ($73.6 million) worth plot for the building of the bank's new headquarters in Istanbul's finance center. »
Speaking on the side-lines of the Tunisian Investment forum, Linar Yakupov, President of Association of Regional Investment Agency of the Russian Federation, as well as President of the Islamic Business and Finance Development Fund stated Russia is seeking more cooperation between OIC countries and regions of the Russian federation. »
Under the terms of the agreement signed in Maputo on 11 June 2015, the two institutions will collaborate in joint operations, expand financial products and exchange information on modalities for enhanced and efficient interventions for private sector development in Mozambique. »
Shari’ah compliant Bahrain Investment Bank, Seera has completed an investment into the UK dementia care sector by means of an equity investment in a housing development in London. The development, when completed will provide circa 115 housing units providing specialized care to dementia sufferers. »
At a recent conference held in Riyadh, delegates focused on the potential to build an international market for Saudi sukuk, as more global groups look for alternative sources of longer term funding. »
The new 10y INDOIS 25 4.325% issued this month was oversubscribed 3.4 times (x) vs. 10y INDOIS 24 4.35% was at 6.82x. Another example is the Hong Kong sukuk that was issued this week (5y GBHK 20 1.84%) had a bid-to-cover (BTC) of 2x compared to its inaugural sukuk was oversubscribed at 4.7x »
Africa remains a region with relatively untapped potential. The continent is home to more than 1 billion people, and an important source of several key commodities. »
Bank of London and Middle East (BLME) is an independent UK bank with strong links to the GCC. It is listed on the NASDAQ Dubai and is the largest Sharia compliant bank in Europe. »
US Dollars Issuances by Dubai Islamic Bank, and the Hong Kong government as well as the Saudi Riyal issuance by Saudi British Bank have been added to the Sukuk.com database. »
