Monday, February 12, 2007

IHI featured in The Oregonian, EON Capital has backing from ABN AMRO--source, Brunei opens first Islamic university

Institute of Halal Investing featured in The Oregonian

The Institute of Halal Investing is featured in the February 10, 2007 Living section of The Oregonian, the main newspaper in the U.S. state of Oregon. The reporter Nancy Haught, the religion reporter for the paper, produced a very good piece on halal investing, as well as a description of the current activities of the Institute of Halal Investing.

BIMB balances different Islamic financial activities and plans expansion

BIMB, which receives 85 percent of its revenue from Bank Islam Malaysia Bhd (BIMB), plans to balance this mainstay with its other business including Syarikat Takaful Malaysia Bhd and BIMB Securities Sdn Bhd. According to The Star, BIMB plans to expand into investment banking and fund management and hopes to make BIMB Securities a more significant part of its business.

EON Capital has financial backer for bid to control RHB and RHB Capital

While the name of the source of financial backing has not been announced (the company said it will be announced soon), the Business Times and the Star quote unnamed sources who say the backer is ABN Amro.

Islamic University launched in Brunei

The Universiti Islam Sultan Sharif Ali (UNISSA) will offer courses almost exclusively in Arabic (although one course will be offered in English. UNISSA hopes to be known for graduating top religious scholars.

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