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  • VideoSaudi Dar Al Arkan To Raise Cap 33%; Issue Sukuk


    (Arabic) Dar Al Arkan has decided in the EGM and AGM to raise capital to SAR7.2 billion through issuance of bonus share for every three shares. Al-Arabiya - 14Oct 10:23GMT
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  • Encore launches first Saudi Islamic Reit


    Geneva-based Encore, an independent Swiss asset management company, together with Saudi partner Sumou Holding, launched the first Saudi Shariah-compliant Real Estate Investment Trust (Reit). Emirates Business 24/7 - 14Oct 06:03GMT
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  • Qatar Islamic Bank launches Internet banking


    Qatar Islamic Bank yesterday launched its Internet banking service and is currently available to all QIB customers and will soon be accessible to corporate clients. The Peninsula - 13Oct 07:24GMT
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  • Market Pricing Not Reflective of Nakheel Sukuk Quality


    "Quasi-sovereign companies in Dubai have raised substantial syndicated and convertible (sukuk) debt over the last couple of years according to a report by Citi Investment Research. Khaleej Times - 13Oct 06:46GMT
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  • Dubai Investments acquires 50m shares in First Energy Bank


    Dubai Investments (DI) has acquired a strategic stake in Bahrain-based First Energy Bank - the first Sharia compliant bank in the region focused on investment and financial services in the energy sector. Gulf News - 13Oct 06:26GMT
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  • Replace capitalism with Islamic financial system: cleric


    Muslims should take advantage of the global financial crisis to build an economic system compatible with Islamic principles, influential Sunni cleric Sheikh Yusuf al-Qaradawi said on Sunday. AFP - 12Oct 13:20GMT
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  • Newhaven launches Sharia-compliant firm


    Newhaven Investments House said it has launched Amara Holdings, a Sharia-compliant investment company which focuses on pre-IPO, private equity and private placement opportunities predominantly in China, as well as Mena and India. Gulf News - 12Oct 05:43GMT
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  • Safat Global has sold its stake in Abu Al-Hasaniya International Real Estate


    Kuwait's Safat Global Holding Company stated that it had sold its entire stake, which amounts to 69.59 percent, in the company Abu Al-Hasaniya International Real Estate Company for KD3.9mn. Arab Times - 11Oct 10:17GMT
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  • Investment Dar closed the first tranche of a $400mn Islamic syndication


    The Investment Dar said it had closed the first tranche of a SR1.5bn (US$400mn) Islamic syndication to refinance debt. Arab Times - 11Oct 09:45GMT
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  • Amara Holding launches with first invest into China


    Newhaven Investments House announced the launch of Amara Holdings Inc, a Shariah-compliant investment company which focuses on pre-IPO, private equity and private placement opportunities predominantly in China, as well as MENA and India. Press Release - 11Oct 07:17GMT
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Dar Al Arkan To Raise Capital 33%
 
Arabic language (0:39)
Saudi Dar Al Arkan will raise capital and will issue sukuk - 14Oct
 
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» Charting 14Oct08
 


» Charting 07:14 GMT 16Oct08
 
 
Zawya Select
ZawyaSelect
Shariah Banking Revisited
In a strange irony that will not be lost on all those involved, garanteeing of deposits had traditionally been the problem area for Western central banks authorising Islamic banks.
 
 
No Harm Done
The total value of Sukuk issuances are still expected to reach the $100 billion mark next year even though Sukuk sales have fallen for the first half of the year.
 
 
Sukuks' Bright Future
Indonesia's Finance Minister Sri Mulyani Indrawati is scheduled to attend an extraordinary gathering of Ministers of Finance of the Association of Southeast Asian Nations in Dubai on October 8.
 
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
 | No. of Employees | Total revenue
  Company Country Market
Capital
($mil)
1 Privatization Holding Company Kuwait 368
2 Saudi Printing and Packaging Company Saudi Arabia 294
3 Educational Holding Group Kuwait 227
4 National Leasing Holding Qatar 226
5 Arab International Company for Education and Investment Jordan 212
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