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07.02.2017

GCC VAT a test for Islamic Finance- Fitch


30.01.2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets


31.03.2016

Path Solutions joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions


28.03.2016

"Kazakhstan Islamic Finance 2016: a new frontier for Islamic finance" country report


19.02.2016

Azerbaijan looks to new Islamic bank as sector rules progress


15.01.2016

Linar Yakupov received an award for his contribution to the development of Islamic finance industry in Russia


14.12.2015

The 2nd International winter school of Islamic law and economics has started in Kazan


09.12.2015

Russian financial experts are exploring options to launch Islamic Banking


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22.06.2016

Islamic banking will be most relevant to SME sector: Zafar Sareshwala

Interview with director and head of Islamic Corporation for Development's (ICD) India operations.

25.11.2015

Islamic Develop Bank calls for new Islamic microfinance structures

As the Shariah-compliant Islamic finance sector booms in the GCC region, the President of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali, asked experts in the field to develop new Islamic microfinance structures.

14.09.2015

Dubai Silicon Oasis Authority and Thomson Reuters Reveal Key Findings of Digital Islamic Economy Report 2015

Dubai Silicon Oasis Authority (DSOA) and Thomson Reuters, with support from the Dubai Islamic Economy Development Centre (DIEDC) released the 'Digital Islamic Economy Report' for 2015, in collaboration with DinarStandard.

Abu Dhabi may buy out Dubai's 20% stake in London Stock Exchange

24.12.2010

Abu Dhabi is in talks to buy the 20 percent stake in the London Stock Exchange (LSE) owned by neighboring Dubai in a deal valued at $1.5bn, it has been reported.
Abu Dhabi may buy out Dubai's 20% stake in London Stock Exchange
Abu Dhabi is in talks to buy the 20 percent stake in the London Stock Exchange (LSE) owned by neighboring Dubai in a deal valued at $1.5bn, it has been reported.

The proposed deal would see a merger of the Abu Dhabi Securities Exchange with the Dubai International Financial Centre and Bursa Dubai, which owns the stake, said the Sunday Times, without identifying the source of the information.

The stake would form part of a wider buyout of Dubai’s financial assets, the report said.

A spokesperson for Bursa Dubai was not immediately available to comment.
A spokesperson for the London Stock Exchange declined to comment.

Bursa Dubai, which controls Dubai’s two stock exchanges, paid about $4bn for a stake in Nasdaq OMX and 20 percent of the LSE, as part of a 2007 deal that saw Nasdaq merge with Sweden's OMX group.

The company last week sold shares in Nasdaq OMX Group to help pay $1.1bn of a $2.45bn term-loan ahead of schedule. It raised $497m from the sale of 22.78 million shares to Nasdaq and sold a further eight million Nasdaq shares to Investor AB, the holding company for Sweden's Wallenberg family.

It is thought the deal raised about $175m.

Bursa Dubai has around $827m of debt maturing in February 2011 and the company said it would use the proceeds from the Nasdaq share sales to meet these obligations.

The state-owned Qatar Investment Authority holds a 15 percent stake in LSE.
Source: arabianbusiness.com

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Malaysia's fast-growing Islamic finance sector benefits not only the Muslim world but also non-Muslim countries, said former Prime Minister Tun Abdullah Ahmad Badawi.

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