World Islamic Banking Conference (WIBC)
"Jersey Exhibits At Global Islamic Finance Conference", Investors Offshore, December 13, 2006
A group of financial professionals from the offshore financial center of Jersey participated in the World Islamic Banking Conference 2006.
"Fresh boost for Islamic finance", Gulf Daily News, December 13, 2006
At the World Islamic Banking Conference 2006, the Islamic Finance Qualification was launched. The IFQ announcement was originally described back in October on ihiBlog.
"Aldar will sell up to $3.5b of bonds", Gulf News, December 13, 2006
"UAE developer Aldar Properties will sell up to $3.5 billion worth of Islamic bonds in the first quarter of 2007..."
"MTC USD 1.2 Murabaha Facility successfully syndicated and oversubscribed", Kuwait News Agency, December 13, 2006
"Joint bookrunners ABC Islamic Bank, Arab Bank, Calyon, Gulf International Bank, Kuwait Finance House and National Bank of Abu Dhabi successfully closed syndication of a USD 1.2 billion Murabaha Facility for Kuwait's Mobile Telecommunications Company (MTC) on Wednesday 06 December 2006..."
It is "one of the largest Islamic financings in 2006 [and] proceeds of the Facility will be used to refinance the existing USD 750 million Murabaha Facility for an additional period of 12 Months and for general corporate purposes".
Al Rajhi expanding in Malaysia
"Saudi's Al Rajhi on aggressive expansion", The Star (Malaysia), December 13, 2006
The Saudi Islamic bank Al Rajhi has opened nine new branches in the past two months since its entry to the Malaysian market and has already announced plans to open more branches in the coming year.
Shariah Capital listed on London's Alternative Investment Market exchange
"U.S. firm aims at Islamic finance via London Shari", Reuters, December 12, 2006
The U.S.-based firm Shariah Capital Inc., which helps U.S. firms create Islamic financial products (one of its projects was assisting with the East Cameron Partners sukuk) will be listed on the Alternative Investment Market.