Islamic finance described
Ibrahim Warde, a professor at Tufts University, wrote an opinion piece for the english-language version of Le Monde on Islamic finance back in 2001 which I came across reprinted in an Islamic internet news agency. I went back and found the original article and thought it was so well written, it was worth linking to even though it is over 5 years old
UAE-based Aldar Properties issued a $2.53 billion sukuk, the third largest ever issued.
Khaleej Times reports that Dubai Islamic Bank will issue $5 billion in Islamic financing in 2007, much of it as sukuk. Bloomberg reports that the sukuk issues will be $8 billion.
HSBC Takaful seeks skilled employees
The takaful (Islamic insurance) branch of HSBC, HSBC Amanah Takaful Sdn Bhd, which has 66 employees is seeking recent graduates and other skilled employees to increase its business. The need to find adequate levels of skilled labor has been one of the difficulties the Islamic finance and insurance industries have had in expanding further and this shortage will get worse over time.