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Road Show on Islamic Banking starts
A national Road Show consisting of over 300 awareness interactive programmes in Islamic Banking and Takaful, covering 100 cities throughout Pakistan has been started. Al-Huda the Centre of Islamic Banking and Economics started the programme from Khyber 10, March, 2010 and it would be concluded on April 10, says a press release.

Islamic banking can boost trade between China, Muslim states
China has been urged to consider introducing Islamic banking practices to boost trade with the Arab and Muslim world.

Islamic Finance Needs Financial Planners
Despite rapid growth in the Islamic banking and finance industries, there is a lack of Sharia'a Registered Financial Planners (RFPs), according to the Malaysian Financial Planning Council (MFPC).
Shariah Capital sees more Islamic hedge funds taking off
More sharia hedge funds are likely to be launched, specialising in healthcare, telecoms and technology stocks, a U.S. financial firm said, as the industry debates how far Islam sanctions such investments.

The initiative of the use of Islamic finance in Ingushetia
In the course of the works of strategic vision’s group “Russia-Islamic World”, which was held in Kuwait in 21-24 of December, Unus Bek Evkurov, the president of Ingushetia, informed that the asset complex is planned to be built in Magas.

Dubai Financial Services Authority launches electronic Islamic finance handbooks
The Dubai Financial Services Authority (DFSA) has launched a series of electronic Islamic finance tailored handbooks, designed to help Firms undertaking Islamic finance activities in the Dubai International Financial Centre (DIFC).

Bahrain finance minister: Islamic rules saved us from recession
Bahrain's finance minister said adherence to strict Islamic rules helped his country escape the worst of the global recession.

BisB opens Harbour branch
Bahrain Islamic Bank (BisB) on 10, March, 2010 opened its new model branch at the Bahrain Financial Harbour to join the bank's network of 12 branches.

KFH inaugurates Al-Sour branch
Govt committed to support private sector, says minister of finance

Int’l Islamic AGM approves 40% cash dividend
International Islamic (QIIB) shareholders have approved a cash dividend of 40% of the paid-up capital for 2009, which amounts to QR4 a share.

European Islamic Investment Bank losses widen
European Islamic Investment Bank posts a full year loss of £22.2m - up from £14.8m last time.

Woori Investment, Qatari bank to cooperate in corporate finance
South Korea's Woori Investment and Securities Co. said on 10, March, 2010 that it has agreed to cooperate with Qatar Islamic Bank, the largest bank in the Middle East country, in the corporate finance and investment sectors.

UBD Students Learn About SMEs During BIBD Study Visit
Thirty-two undergraduates from the Academy of Brunei Studies (APB) of Universiti Brunei Darussalam, made an educational visit to Bank Islam Brunei Darussalam Berhad (BIBD) at its Kiulap Branch, on 10, March, 2010.

KUWAIT-TURKEY BANK CHALKS USD 83 MILLION NET PROFIT IN 2009
The Kuwait-Turkey Bank’s net profit surged by 22 per cent in 2009 while assets grew by 18 per cent despite the banking sector suffering a setback in Turkey as a result of the global economic crisis.

Stanchart Saadiq Increase Rates
Standard Chartered Saadiq Bhd will increase their base lending rate (BLR) and base financing rate (BFR) respectively from 5.55 per cent to 5.80 per cent per annum, effective on 10 ,March,2010.

GFH Problems Not a Common Phenomenon
Top Islamic finance expert Dr. Hatim Tahir has refuted claims that the troubles afflicting Gulf Finance House (GFH) are indicative of a wider systemic risk within the sharia'a-compliant industry.

QIIC posts QR51m net profit
International ratings agency Moody's has rated Qatar Islamic Insurance Company (QIIC) as one of the best Islamic insurers in the world for the second consecutive year in 2009.

Kuwait's Aref Energy makes $60 mln profit in stake sale
Kuwaiti group Aref Energy Holding Co said it sold 95 percent of its stake in a gas joint venture in Texas, making about $60 million profit.

Zaher, Nazrul re-elected chairman, vice chair of IBCF
Islami Bank Bangladesh Limited (IBBL) Chairman Abu Nasser Muhammad Abduz Zaher and Exim Bank Chairman Md Nazrul Islam Mazumder have been re-elected chairman and vice chairman of Islamic Banks Consultative Forum (IBCF).

Amana Takaful gets General Insurance licence in Maldives
The Maldives Monetary Authority has granted the license for Amana Takaful (Maldives) Pvt. Limited, the Maldivian subsidiary of Amana Takaful Plc, to begin general insurance with effect from 4 March.
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