Business Blog

Bangladesh's central bank is seeking to amend rules on its existing Islamic bond (sukuk) programme to broaden its use and allow for a sovereign issuance by the government, enhancing the prospects of Islamic finance in the country.

Bangladesh's central bank is seeking to amend rules on its existing Islamic bond (sukuk) programme to broaden its use and allow for a sovereign issuance by the government, enhancing the prospects of Islamic finance in the country.

London-based European Islamic Investment Bank EIIB.L will seek shareholder approval for a tender offer of up to 20 million pounds of its own shares while seeking approval for a separate share buyback.

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, announced the winners of the Zawya Fund and the Lipper Global Islamic Fund Awards for 2014.

Saudi Arabia's Al Othaim Real Estate and Investment Co, owner of five shopping malls in the kingdom, plans to issue its debut local currency sukuk as early as this month, two sources aware of the matter said.

Dubai's Emaar Properties EMAR.DU said on Sunday that its Emaar Malls Group has raised a USD1.5 billion sharia-compliant loan through a consortium of local banks.