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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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Plans to develop Shariah interbank market

The Shariah interbank market will be developed in Sri Lanka to position the country to become a regional player. The possibilities are being looked at to raise a Shariah bond and negotiations are taking place at present. ...
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Saudi-Spanish Collaboration Seeks to boost Islamic finance values in Europe and beyond

Islamic finance in the European Union may be taking a back seat as the continent is gripped with a dire euro zone sovereign debt crisis which has even impacted on sovereign Germany's attractiveness as a bond investment asset class. ...
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