Some of the first Shari'ah-compliant Exchange Traded Commodity (ETC) were launched by ETF Securities with ETCs for Gold, Silver, Palladium, Platinum Silver and Precious Metal Basket. They are trading on five exchanges in Europe.
The Islamic Finance Qualification from the Securities & Investment Institute will soon be available in Singapore through Praesidium PTE.
Shari'ah-compliant investment firm Arcapita reported higher profits in fiscal 2008 nearly twice the profits in 2007.
Tamweel, a Shari'ah-compliant mortgage lender in the UAE, Egypt and Saudi Arabia sold $300 million of sukuk to finance the expansion outside of the UAE. The 87th issue of the Central Bank of Bahrain short-term 90-day sukuk was oversubscribed by many times, a common occurrence for some of the few short-term sukuk available. The Sukuk Al Salam sukuk issues have been 6 million Bahraini Dinar (about $17 million), just sufficient to replace maturing sukuk according to the Central Bank of Bahrain (pdf, page 10).
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