posted by Christopher W. Holton Kuwait made a splash with its debut in the international bond market in mid-March, raising $8 billion from regional and international investors following a five-day roadshow in London and three cities in the United States. Demand was high, with more than 778 orders totaling $29 billion, according to officials. The […]
It is no surprise that another Kuwaiti financial institution is becoming Shariah-compliant. But it does illustrate something about the whole march of Shariah compliance. For many years, conventional banking and finance proliferated and even flourished in the oil-rich Islamic world. The march to Shariah-compliance is relatively recent and is more tied to political motives than […]
The US Undersecretary of the Treasury for Terrorism and Financial Intelligence David Cohen has unofficially accused the Minister of Justice and Minister of Awqaf and Islamic Affairs Dr Nayef Al-Ajmi of longstanding support and funding of terrorism. http://www.arabtimesonline.com/NewsDetails/tabid/96/smid/414/ArticleID/204846/t/US-official-‘accuses’-Kuwait’s-Awqaf-minister-of-funding-terror/Default.aspx
Categories
Archives