Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
Nasdaq launches two Shariah indexes
Nasdaq has created two sharia-compliant indexes, based on the Nasdaq 100 Index and the OMX Stockholm Benchmark Index. The indexes are weighted by market capitalisation and track the securities in the underlying benchmark indexes, and meet sharia requirements as specified by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). Shariah Finance Watch readers […]
Nasdaq To Launch Islamic Versions Of Indexes Written by IndexUniverse Staff Wednesday, 10 December 2008 00:28 Nasdaq OMX Indexes is about to break into the already crowded field of index providers targeting Islamic investors. Versions of the flagship Nasdaq 100 Index and Nasdaq Biotechnology Index are to be launched in the first quarter […]
Millennium Finance Corp. announces a Major New Shareholder-UGB -and adopting a structure never used before in Islamic or Conventional Banking as part of it’s strategic plan
http://www.albawaba.com/en/countries/UAE/224596 Millennium Finance Corporation announces major new shareholder Dubai Islamic Bank PJSC (DIB), United Gulf Bank BSC (UGB) and the management of Millennium Finance Corporation (MFC) announced today that UGB is to become a significant shareholder in MFC.MFC, a Dubai Financial Services Authority (DFSA) licensed investment bank, was established by […]
The Securities Bazaar:Destabilizing the U.S.Markets? Dr. Rachel Eherenfeld and Alyssa A. Lappen-MUST READ
http://www.humanevents.com/article.php?print=yes&id=24610 The Securities Bazaar: Destabilizing the U.S. Markets? by Dr. Rachel Ehrenfeld and Alyssa A. Lappen Posted 01/23/2008 ET All presidential candidates promise to fix our economy, but no one discusses the need to better safeguard our financial markets. The Committee on Foreign Investment in the U.S. (CFIUS), approved Bourse Dubai’s purchase of 20% […]
Silicon Valley / San Jose Business Journal – January 21, 2008 http://sanjose.bizjournals.com/sanjose/stories/2008/01/21/daily7.html Monday, January 21, 2008 – 9:38 AM PST Cisco to pump $1.6B into UAE operations Silicon Valley / San Jose Business Journal Cisco Systems Inc. said Monday that it plans to invest $1.6 billion in the United Arab Emirates over the next five […]
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