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GIB managing director named     Economic woes, commodity slump could hit Islamic banks     Qatari Diar, Barwa and GDF SUEZ Signed a Shareholders' Agreement     QInvest hires Shahzad Shahbaz as CEO     SAUDI KAYAN enters US $6 bn financial deal for new complex     Hariharan is named senior manager of Shamil Bank     Islamic banks invited to review crisis     Salama launches Motor Claim Center in Jeddah     Daman Speculator Fund shows steady growth in November     Al-Arafah Islami Bank Ltd opens 50th branch     IBBL MD honoured     Kuwait Finance House achieves total profits of 463 Million KD
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Crisis widens appeal of Islamic finance
France is becoming the latest country to woo Islamic banks, which avoided much of the damage from the subprime mortgage crisis by following strict principles laid out in the Quran _ as the global financial crisis broadens the appeal of Islamic finance.

Bank of Tokyo-Mitsubishi UFJ (Malaysia) To Promote Islamic Finance
Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd (BTMU) has embarked on an initiative to take a leadership role in promoting Islamic financing to its clientele across the globe.
ADIH issues new range of shares
Abu Dhabi Investment House (ADIH) on 2008-12-24 announced the issuance of second-class shares that will be paying out dividends under its existing Sharia-compliant Al Joud GCC Equity Fund.

HSBC reaffirms commitment to Islamic finance
HSBC Amanah, the global Islamic banking division of the UK’s HSBC Group, complete with its new brand logo “Islamic Finance for Life,” recently celebrated its 10th Anniversary in the plush surroundings of the ballroom of the London Hilton Hotel in Park Lane.

IDB has endorsed worth $250 million in Azerbaijan
Islamic Development Bank (IDB) has published statistics on operations separately on each IDB member country.

Amana Islamic fund trumps the US competition
In a dire year for mutual funds, the Amana Trust Income Fund, the main Islamic investment fund, has trumped those from all other faiths in the US by losing only 25.8% of its value for the year - half the average 44% loss for US stock funds.

Hariharan is named senior manager of Shamil Bank
Bahrain-based Shamil Bank has appointed Krishnan Hariharan as the bank's new senior manager, risk management.

Al-Arafah Islami Bank Ltd opens 50th branch
Al-Arafah Islami Bank Ltd opened its 50th branch at Shahid Faruk Sharak, West Jatrabari, Dhaka, on 2008-12-23. Chairman, Board of Directors of the bank Badiur Rahman was present as chief guest and inaugurated the branch.
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