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S&P affirms Saudi Re’s rating at BBB+

Standard & Poor’s (S&P) has affirmed Saudi Re’s financial strength rating at BBB+ with a stable outlook.
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First Int'l Islamic Finance Expo & Conference

KARACHI: Pakistan's First two-day International Islamic Finance Expo & Conference will be held on May 18, 2012 at Karachi Expo Centre....
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MIDEAST MONEY-No windfall from Qatar ban on Islamic windows

DOHA/DUBAI, May 2 (Reuters) - A year after Qatar ordered conventional banks to stop offering Islamic financial services, an expected windfall for its Islamic banks has yet to materialise. Nor is it clear that banks' customers are benefitting from the policy....
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Banque Saudi Fransi Sets Up $2 Billion Islamic Bond Program

Banque Saudi Fransi, a Saudi Arabian lender part-owned by Credit Agricole SA (ACA), set up a $2 billion Islamic bond program as part of the Riyadh-based lender’s plans to diversify its sources of financing....
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Cooperation between Islamic Banks ‘key’ to future growth

Greater cooperation, rather than competition, between the Middle East’s Islamic financial institutions is necessary if Islamic finance is to provide a real alternative to the conventional, international banks operating in the region, according to Hussain AlQemzi, GCEO of Noor Investment Group and CEO of Noor Islamic Bank....
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Malaysian banks invited to expand in Pakistan

Islamabad—High Commissioner for Pakistan to Malaysia Mr. Masood Khalid has invited the Malaysian financial institutions to explore expansion opportunities in Pakistan, particularly in Islamic banking....
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Fitch: Saudi banks in strong position to fund loan growth

JEDDAH: Saudi Arabian banks have plenty of scope to fund loan growth in 2012 as the sector relaxes the cautious approach to lending that has dominated in the last few years, Fitch Ratings says. ...
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Islamic banking NPFs soar to Rs 16 billion

Non Performing Financing (NPFs) of Islamic Banking Industry reached level of some Rs 16 billion for the first time, up by 15 percent, end of calendar year 2011 mainly due to slow economic activities....
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Islamic banking not legally feasible for Indian system: Central Govt.

New Delhi: The Government of India has once again put in cold storage the demand of a section of the Muslim community for introducing interest-free banking system in the country. ...
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Global Islamic finance assets hit $1.3 trillion - study

Global Islamic assets hit $1.3 tln in 2011...
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