Islamic Finance
Iran’s isolated banks may have slow, painful return to global system
Middle East
May 12, 2015
Iran’s isolated banks may have slow, painful return to global system
Iran may be about to restore banking links with the rest of the world after years of separation, but the…
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
Business
February 20, 2013
Shura Council passes Saudi loan approved by Brotherhood, rejected by Salafis
The Shura Council on Wednesday endorsed the President Mohamed Morsy’s approval of a draft loan agreement with the Saudi Fund…
Finance Minister: Islamic bonds law to be presented to Cabinet
Business
February 18, 2013
Finance Minister: Islamic bonds law to be presented to Cabinet
The controversial Islamic bonds (sukuk) draft law is expected to be presented to a Cabinet meeting Wednesday after the body's…
Egypt farm bank launching retail Islamic services
Business
February 12, 2013
Egypt farm bank launching retail Islamic services
Egypt's main agricultural bank is launching Islamic retail services this month to meet increasing demand in rural areas, a bank…
NBD to finance electric grid using Islamic finance
Business
February 11, 2013
NBD to finance electric grid using Islamic finance
The National Bank for Development (NBD) announced on Monday that it has signed on to finance US$110 million in improvements…
In economic flux, Islamic banking and finance are gaining ground
Business
October 26, 2012
In economic flux, Islamic banking and finance are gaining ground
The economic stagnation of the past year and a half has taken a toll on many businesses, but a fleet…
Egypt association plans list of Islamic stocks
Business
October 23, 2012
Egypt association plans list of Islamic stocks
An Egyptian association plans to launch a list of sharia-compliant equities next week as part of its efforts to raise…
In sukkuk, govt sees a solution to economic crisis
Economy
October 12, 2012
In sukkuk, govt sees a solution to economic crisis
Prime Minister Hashem Qandil announced last month his government’s intention to issue one or two rounds of sukuk, a…
Islamists draft code to boost Islamic banks
Business
June 12, 2012
Islamists draft code to boost Islamic banks
The political party of the Muslim Brotherhood, which has the biggest bloc in Parliament, is proposing changes to the banking…
Government prepares to sell US$2 bn in Islamic bonds, says scholar
Business
February 14, 2012
Government prepares to sell US$2 bn in Islamic bonds, says scholar
The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…