Posts Tagged ‘ Islamic ’

Egypt prepares to sell $2 bln Islamic bonds: scholar

February 14, 2012
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DUBAI (Reuters) – The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2 billion through its first issue of Islamic bonds, an Islamic scholar familiar with its planning said on Tuesday. "The Egyptian government is convinced that a foreign currency sukuk will fund the country's development projects and...

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ISLAMIC BANKING AND FINANCE TO KEEP EXPANDING NEXT YEAR

December 29, 2011
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KUALA LUMPUR, Dec 29 (Bernama) — Despite the global financial crisis,Islamic banking and finance is expected to continue expanding next year, withMalaysia-based players ready to lead the pack regionally and internationally. The flaws in conventional finance have created great interest in the Islamicfinancial model, and this provides the basis for the industry to sustain...

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