Mudaraba is a contract of participation, a partnership where capital is provided, in cash or assets (no debt is accepted) by one party - the fund provider. »
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. »
An overview of investment filters as used by Central Shariah Committee of HSBC Amanah. »
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. »
Government supported push to position Istanbul as a gateway connecting the Middle East, Europe and Asia is gathering pace. »
A case being heard at London's High Court will shine a light into the dark corners of Islamic financing gone wrong. »