Business Blog

Sunday, May 18 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. To view the full IFG Briefing click here: http://r.reuters.com/mam49vTOP STORIESIFSB Summit: ?Increasing Asian experience to lift IFSB global profile (Page 3) ?IFSB eyes stronger implementation of Islami

Emirates Reit, the Shariah-compliant regulated real estate investment trust, has acquired the community mall Le Grande which forms part of Trident Grand Residence Tower in Dubai Marina for Dh118.2 million ($32.2m) in cash.

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ADIB Securities, the brokerage subsidiary of Abu Dhabi Islamic Bank, has become an equities member of NASDAQ Dubai.

An official of Islamic financial institution QInvest will be participating in the "10th Annual World Islamic Funds and Financial Markets Conference" to be held on May 19 and 20 at the Gulf Hotel in Bahrain.QInvest managing director and head of asset management Dr Ataf Ahmed will be one of the panelists of a "CEOs and Industry Leaders Power Debate" on the first day of the conference wit

An Islamic bank in Oman has asked the Central Bank of Oman (CBO) to allow them to participate in personal finance, which is a lucrative portfolio for banks due to relatively high margins involved.