Islamic Finance

85% of Omani consumers want Islamic finance products - Insurance Insight There is strong appetite among Omani consumers for Islamic finance with many keen to take it up as soon as it becomes available on the market, according to a study published by the Islamic Finance Advisory & Assurance Services.

Meezan Bank holds 18th Shariah Supervisory Board meeting | HALALTAMWEEL.COM KARACHI: The 18th Shariah Supervisory Board meeting of Meezan Bank Limited was held at the Darul Uloom Korangi here on Thursday.

IDB, ADB lend Bangladesh $500mln for energy | HALALTAMWEEL.COM DHAKA: The Islamic Development Bank and Manila based Asian Development Bank (ADB) will lend Bangladesh $500 million for energy sector to address critical power shortages which are undermining the economy and slowing poverty reduction efforts, a statement of the bank said on Wednesday.

Fitch assigns EIB Sukuk Company Ltd's certificates A+ rating | HALALTAMWEEL.COM DUBAI: Fitch Ratings has assigned EIB Sukuk Company Limited's USD fixed rate senior unsecured trust certificates (Certificates) an expected rating of 'A+ (exp)'.

Bahrain awards $551m contract to build affordable housing, following uprising | HALALTAMWEEL.COM Dubai: Bahrain Government has awarded Nassej, a local leading real estate and construction company, a $551 million (Dh1.83 billion) contract to build 4,000 affordable housing, after months of social unrest - part of the Arab Spring.

GIB named best sukuk arranger | HALALTAMWEEL.COM MANAMA: Bahrain-based Gulf International Bank (GIB) was recently named the “Best Sukuk Arranger” for the year 2011 by Dubai’s Islamic Business & Finance magazine.

Goldman advisor defends $2bln Islamic bond scheme | HALALTAMWEEL.COM DUBAI: An advisor to Goldman Sachs has defended the U.S. bank's $2 billion Islamic bond programme against criticism it may contravene religious principles, in a controversy that could affect Western banks' ability to enter the Islamic debt market.