The International Finance Corp., a wing of the World Bank, said Wednesday it would list its first Islamic bond. The IFC Hilal Sukuk, a greenback-denominated 100 million dollar issue with a five-year maturity, will be listed with the Nasdaq Dubai and Bahrain stock exchanges, the Washington-based corporation said. The IFC is the first non-Islamic financial [...]
Report: Iran court upholds stoning death sentence 5 hours ago TEHRAN, Iran (AP) — Iran’s Supreme Court upheld a stoning death sentence for a woman convicted of adultery in the southern city of Shiraz, an independent newspaper reported Saturday. The daily Etemad Melli, or National Confidence, reported that the court also upheld another death sentence, [...]
World Bank names 28 financially strained states Fri 10 Oct 2008, 4:23 GMT By Lesley Wroughton WASHINGTON (Reuters) – A new World Bank report on Thursday named 28 countries in Africa, Asia and the Middle East facing financial strains due to high food and fuel costs and now from a cascading credit crisis. World [...]
Shariah Laws and Finance will try to poise themselves as the saviors of the economic crisis, but they are not immune. Do not fall for the SCF is a safe investment ploy.
On October 9, 2008 · In Islamic Finance, Markets and Trends, Sharia Compliant, Shariah Finance, Sovereign Wealth Funds, Standard & Poor's, Stock Exchanges, World Bank
Gulf states poised to weather financial crisis By Julia Wheeler BBC News, Dubai Gulf stock exchanges are apt to exaggerate volatility felt elsewhere Gulf stock markets are not immune to the global battering the current tornado of volatility has brought. In Saudi Arabia, there has been a 45% drop in share values this year and [...]
By D. Arul Rajoo BANGKOK, June 13 (Bernama) — The Second Thailand Islamic Finance Conference, which will be held here on June 26, will give an update on the worldwide development of Islamic finance, including the untapped market in Thailand. The event offers an opportunity for public sector officials, state enterprise directors, bankers, financiers [...]
World Bank fears Pakistan crisis Pakistan must take immediate action to prevent its economy from collapse, the World Bank has warned.It said that “painful adjustments” would be needed to prevent a crisis sparked by high oil and food prices.Under President Pervez Musharraf, the country’s economy flourished. The United Nations predicts 2008 growth at 6.5% [...]
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