The term “Takaful” is derived from the Arabic word “Kafaala” meaning guaranteeing. Takaful means “guaranteeing each other” and refers to the concept of permissible Islamic insurance or “Halal” insurance. Takaful is based on the principles of “Ta’awun” (mutual cooperation) and “Tabaru’a” (Donation) whereby a group of people (Takaful participants or policyholders) agree between themselves to [...]
Bank Islam, Barclays To Jointly Develop Islamic Financial Products KUALA LUMPUR, May 19 (Bernama) — Bank Islam Malaysia Bhd and Barclays Bank plc signed a memorandum of agreement (MOA) on the customisation of Islamic investment products and hedging solutions.
SummaryArab National Bank (ANB) is a Saudi Arabia-based banking company. The bank provides a broad range of local, international, commercial, and Islamic products and services to the individual as well as corporate customers. The bank also provides consultancy, foreign exchange investment, local and international equity trading, mutual funds and asset management, and treasury services. As [...]
Middle East is known for its business hub having construction companies, oil industries and entertainment life style. Gulf region is also known for their traditional life along with life style way absorbing new life style look. For growing in life, there is required to have earned money along with saving for growing ahead. There are [...]
(AFX UK Focus) 2010-05-03 12:54 Uzbek leader says backs U.S. financial reforms TASHKENT, May 3 (Reuters) – Uzbek President Islam Karimov on Monday backed U.S. plans to get tough on the derivatives market and said tight financial controls are needed to prevent the global economy lapsing back into crisis. Karimov, who has run Central Asia’s [...]
SummaryThe Commercial Bank of Qatar (CBQ) is a Qatar based financial institution which is engaged in commercial and Islamic banking services. CBQ principally offers personal banking solutions, business solutions and investment services. The company’s personal banking solutions include deposit products, loans, insurance, Sadara wealth management, money transfer, utility services and embassy visa fees. Its business [...]
SummaryArab Banking Corporation (B.S.C) (ABC) is one of the leading banking groups in the Middle East and North Africa. ABC offers a broad spectrum of banking products including corporate and institutional banking, investment banking, trade finance and forfeiting, project and structured finance, syndications, treasury services, Islamic banking and retail banking throughout the Arab world. The [...]
Islamic financial arrangements used in Islamic banking (MUSHARIKA, MURABIHA, QARDE AL’HASANA, IJAREH, MUDARABA) Author: EHSAN ZARROKH ZARROKH2007@YAHOO.COM 2007-04-06 ABSTRACT Islamic finance is an old concept but a very young discipline in the academic sense. It lacks the required extent and level of theories and models needed for expansion and [...]
Brian Whetten: Goldman, Wall Street and Financial Terrorism The most disturbing part of the Goldman lawsuit is that it confirms Goldman’s reputation of doing whatever it takes to win, even if it damages their clients and society as a whole.
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