CIMB targets GCC countries
With all the recent extra income from oil revenue, the Gulf Cooperation Council countries are now the target for Malaysia's CIMB group.
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With all the recent extra income from oil revenue, the Gulf Cooperation Council countries are now the target for Malaysia's CIMB group.
Farmida Bi has an article at TheLawyer.com about how London is competing with Malaysia and Dubai to become the global center of Islamic Finance in the world.
Reuters UK has an article on whether Islamic Hedge Funds are risk control, or are in fact gambling.
Lee Hudson Teslik has an article on Council on Foreign Relations titled Banking on Islam.
Islamic Finance and Investment Limited (IFIL) has approved 12.50 per cent cash dividend for its shareholders for the year 2006.
The dividend was approved in the company's 6th annual general meeting (AGM), with IFIL board of directors Chairman Anwar Hossain Chowdhury in the chair.
This is an article from the BBC by Darshan Bijur says that the Islamic finance market is worth $400 billion worldwide. It also outlines what Islamic shariah compliant finance is.
Caroline Grimshaw of Legal Week draws attention to the hot market of Islamic finance and how big deals are being announced every day, as well as big name law firms getting involved.
She tries to be the voice of reason and moderation, by saying that Islamic finance is not a license to print money.
Reuters (via Yahoo Asia) and Gulf Daily News have articles on Islamic hedge funds and their strategies.
Business Today Egypt has an article on how the performance of insurance companies in Egypt's stock market has made them a stagnant sector. This includes Al-Mohandes Insurance Company, and Delta Insurance.
Islamic insurance (takaful) may be a good strategy to revitalize the sector.
Jawad Ali, partner at King & Spalding, has an article on Council on Foreign Relations titled: Islamic banking is a rapidly growing industry. He explains what Shariah finance is, how it works, prohibition on interest, and how the overall market segment is growing.