Business Blog

Seattle-based Falah Capital is preparing to launch an Islamic exchange-traded fund (ETF) that tracks large U.S. stocks, the latest sharia-compliant product in a market that has yet to fully embrace such low-cost investment tools.

Seattle-based Falah Capital is preparing to launch an Islamic exchange-traded fund (ETF) that tracks large U.S. stocks, the latest sharia-compliant product in a market that has yet to fully embrace such low-cost investment tools.

Seattle-based Falah Capital is preparing to launch an Islamic exchange-traded fund (ETF) that tracks large U.S. stocks, the latest sharia-compliant product in a market that has yet to fully embrace such low-cost investment tools.

The Pakistani unit of Bahrain's Al Baraka Banking Group has raised 2 billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, a bank official said.

The Pakistani unit of Bahrain's Al Baraka Banking Group has raised 2 billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, a bank official said.

National Bank of Fujairah said on Wednesday it has begun offering sharia-compliant retail banking products in the United Arab Emirates, as the lender aims to tap into rising demand for Islamic finance.