islamic bank

Germany to get first Islamic bank in October


August 30th, 2012 - 7:54 am ICT by IANS
Berlin, Aug 30 (IANS/RIA Novosti) Turkey's Kuveyt Turk investment fund plans to open the first Islamic bank in Germany in October, the Financial Times Deutschland reported.Kuveyt Turk plans to open ... Read more...

Posted in Business |

US Congress passes new sanctions against Iran


August 2nd, 2012 - 1:45 pm ICT by IANS
Washington, Aug 2 (IANS) The US Congress has passed additional sanctions seeking to further stifle Iran's oil exports, just a day after President Barack Obama announced new measures to ... Read more...

Posted in Business |

US targets banks that help Iran


August 1st, 2012 - 3:30 am ICT by IANS
Washington, Aug 1 (IANS) US President Barack Obama Tuesday announced new sanctions against foreign banks that help Iran sell its oil.Obama said the latest round of sanctions is to ... Read more...

Posted in Business |

US slaps sanctions on Syrian bank


May 31st, 2012 - 12:48 am ICT by IANS
Washington, May 30 (IANS) The US Wednesday imposed sanctions on the Syria International Islamic Bank (SIIB) for its role in helping other Syrian banks evade sanctions.The US Treasury Department accused ... Read more...

Posted in World |

Kerala budgets didn’t do justice to NRIs, says Issac (Lead)


February 10th, 2011 - 5:38 pm ICT by IANS
Thiruvananthapuram, Feb 10 (IANS) State Finance Minister Thomas Issac, who presented his sixth consecutive budget Thursday, opined that his budgets have not been able to do full justice to the Non-Resident Keralites."Let ... Read more...

Posted in Business |

Separate law needed for Islamic banking in India: RBI


May 20th, 2010 - 6:57 pm ICT by IANS
Thiruvananthapuram, May 20 (IANS) Islamic banking in India is not possible now with the current banking principles based on interest payment, but it can be done though a separate legislation, Reserve Bank ... Read more...

Posted in Business |

UAE to subsidize fuel for fishermen


May 7th, 2010 - 9:26 pm ICT by IANS
Dubai, May 7 (IANS/WAM) The United Arab Emirates (UAE) will give subsidized fuel to its fishermen. The measure will be implemented by the environment ministry in collaboration with Sheikh Mohammed bin Rashid Al ... Read more...

Posted in Business |

Pakistani bank offers interest-free loans for Haj, Umrah


May 5th, 2010 - 10:20 pm ICT by IANS
Karachi, May 5 (IANS) Pakistan's leading Islamic bank Wednesday announced interest-free loans for the Haj and Umrah for those wishing to pay in instalments after performing the pilgrimage. Towards this, Meezan Bank ... Read more...

Posted in South Asia |

Kerala court stays government-aided Islamic banking


April 8th, 2010 - 6:55 pm ICT by IANS
Kochi, April 8 (IANS) The Kerala High Court Thursday in an interim order restrained the government or state-run organisations from starting Islamic banks, but allowed a private company to start its operations. The ... Read more...

Posted in Business |

Kerala shelves proposed Islamic bank


March 3rd, 2010 - 5:39 pm ICT by IANS
Thiruvananthapuram, March 3 (IANS) Bowing to stiff opposition from several quarters and a High Court verdict against it, The Kerala government has shelved a plan to start an Islamic bank and instead ... Read more...

Posted in Business |

Court stays work on proposed Islamic bank in Kerala


January 5th, 2010 - 5:52 pm ICT by IANS
Kochi, Jan 5 (IANS) A division bench of the Kerala High Court Tuesday stayed all further move by the state-owned Kerala State Industrial Development Corp (KSIDC) to set up an Islamic bank. The ... Read more...

Posted in Business |

Kerala to set up Islamic bank shortly


September 9th, 2009 - 3:41 pm ICT by IANS
Thiruvananthapuram, Sep 9 (IANS) The Kerala government will set up an Islamic bank in the state, Finance Minister Thomas Isaac told the assembly Wednesday. The share capital of the proposed bank has been ... Read more...

Posted in Business |

Dubai group plans software centre in Kerala


October 1st, 2008 - 2:49 pm ICT by IANS
Thiruvananthapuram, Oct 1 (IANS) One of United Arab Emirates' largest global conglomerates, the Dubai-based S.S. Lootah Group, is all set to launch a software development centre in the Technopark campus here."The Lootah ... Read more...

Posted in Sci-Tech |

World’s largest reinsurance company launched


May 10th, 2008 - 4:59 pm ICT by admin
Muscat, May 10 (IANS) Dubai Group, the diversified financial services arm of Dubai Holding, the Dubai government's investment company, has announced the launch of the world's largest reinsurance company in collaboration with ... Read more...

Posted in World |

UAE interior contractor to list on London, Dubai bourses


March 27th, 2008 - 6:05 pm ICT by admin
(Gulf Business Capsule)Dubai, March 27 (IANS) Depa, a leading provider of interior contracting services in the Middle East and North Africa (MENA,) has announced that it would pursue primary listing of its ... Read more...

Posted in World |

Dubai opens first Islamic bourse


March 20th, 2008 - 8:26 pm ICT by admin
Dubai, March 20 (IANS) The Dubai Financial Market (DFM) has become the first Islamic bourse with its Sharia Board issuing the standards for trading shares of the listed companies, WAM news agency ... Read more...

Posted in World |

Spirited upsurge from freedom fighters marks`Victory Day under emergency rule in Bangladesh


December 19th, 2007 - 5:36 pm ICT by admin
Dhaka, Dec.19 (ANI): For the first time Victory Day was commemorated under emergency rule by an army-backed caretaker government. This time, there were no separate programmes by different political parties and freedom fighter ... Read more...

Posted in South Asia |

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