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Oman: Banks mulling to raise capital via rights issue

Omani banks are planning to raise their capital base to meet an anticipated asset growth on the back of better demand for credit.
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Qatar Islamic banking directive to set example for other markets

The deadline of Dec. 31, 2011, as per the directive issued by the Central Bank of Qatar (CBQ) in January 2011 requiring the country's conventional banks which have opened Islamic banking windows to close them down, has passed almost unnoticed. ...
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HSBC Amanah opens branch in Bangi

KUALA LUMPUR: HSBC Amanah Malaysia Bhd has opened a branch in Bandar Baru Bangi, making it the first foreign bank to open its doors in the vicinity....
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'Islamic Finance in India can attract investments from Middle East'

Malegaon: Taking advantage of the situation arising out of the economic crisis in Eurozone and countries like United States, India should adopt the Islamic Finance System to pump-in investments from the Middle East. ...
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Does Islamic finance have a place in Canada?

Around $900 billion in assets across the globe are managed by Islamic banks that operate according to sharia, an interpretation of Islamic law...
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India urged to promote interest-free banking system

JEDDAH: A senior leader of the ruling Congress Party of India has emphasized the need to introduce an interest-free Islamic banking and financial system in the country in order to improve the economic condition of its poor through microfinance and mobilize funds required for the country's infrastructure projects....
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EM fund managers of 2011: Arab spring

After coming top among emerging market equity fund managers in 2011, executives at Tunisian financial services company MAC be forgiven a little boast. Their shariah-complaint MAC al Houda beat the world’s best in 2011 – and they expect another good result in 2012....
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Malaysia to Relax Foreign Bank Ownership, Issue More Permits

Dec. 22 (Bloomberg) -- Malaysia will allow foreign banks to own bigger stakes in local lenders, grant more licenses and ease short-selling rules as it seeks to triple the size of its finance sector by the end of the decade, the central bank said....
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French keen on learning from Saudi experience in Islamic banking: Envoy

JEDDAH: French academics have shown their keenness to make use of Saudi expertise and experience in Islamic banking and finance, said Saudi Ambassador to Paris, Muhammad bin Ismail Al-Asheikh....
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Ahmed Khizer new president Burj Bank

Ahmed Khizer Khan has joined Burj Bank as the President and CEO....
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