Faith-based finance grows in the U.S.
"Putting faith in your investment plan", Bankrate.com via Yahoo!Business, December 5, 2006
While Islamic finance only gets a small share of the religious-based funds and an even smaller relative share of the total mutual fund market in the U.S., it represents one area of a growing religious-based mutual funds. There now exist funds tailored for Catholics, conservative Christians, Quakers, Mennonites and Jews, in addition to those existing for Muslims.
World Islamic Banking Conference (WIBC) 2006
"More than 700 internatioanl bankers to attend the 13th annual World Islamic Banking Conference", AMEinfo, December 5, 2006
The World Islamic Banking Conference (WIBC) will open December 9th and run until December 11th in Bahrain. The conference will include presentation of the McKinsey Competitiveness Report and seminars on Shari'ah Advisory, Islamic Ratings, Retail Banking, Corporate & Investment Banking, and a discussion of innovation in Islamic finance. In my opinion, the conference is missing an opportunity to discuss the use of socially- and ethically-responsible benchmarks in Islamic finance, like the Equator Principles, as well as the opportunity to discuss the relevance of the credit union model for Islamic banking.
Dubai Bank pushes ijara
"Ahmed El Shall: Ijara is on of the most flexible property finance programs available & National Sukuk will continue to grow", AMEinfo, December 5, 2006
Dubai Bank currently offers an ijara home finance plan and plans to add a murabaha (cost-plus) and istisna'a (construction finance).
Dubai Islamic Bank wins 'Bank of the Year - UAE' award
"Dubai Islamic Bank wins 'Bank of the Year - UAE' award", AMEinfo, December 5, 2006
The award was given by The Banker.
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