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SHARIAH CREDIT FUND
Saudi fintech startup Tamara lands up to $2.4 billion financing dealThe Shariah-compliant package will refinance and increase a previous $500 million facility, Tamara said in a statement. The deal includes a...- Milind Karmarkar on two sectors that may outperform in Modi 3.0Power utilities have already done well and possibly they will continue to do well because there is growth in that sector. So, many of these...
- Saudi PIF invests in NBK Capital Partners' shariah credit fundIt did not disclose the stake taken by Public Investment Fund (PIF), which manages $400 billion in assets, but NBKCP said it was a nine-dig...
- Which are the Sharia-compliant mutual fund schemes in India?There are only three Sharia-compliant mutual fund schemes in India—Tata Ethical, Taurus Ethical and Reliance ETF Shariah BeES.
- Emergence of Islamic crowdfunding in AsiaMalaysia introduced rules governing equity-style funding this year while Indonesia has no regulations and Singapore is in consultations.
- Islamic NBFC Alternative Investments and Credits to move court against Reserve Bank of IndiaA director of the company told ET that the board is weighing legal options to obtain a stay on the regulator's decision to cancel the certi...
- IL&FS opens its first Middle East branch in DubaiThe prime focus of the Dubai operations would be channelising capital from the Middle East for opportunities in India.
- Kerala NRIs bullish on Islamic NBFC for infraGulf-based NRIs are learnt to be willing to bring in well over Rs 10,000 crore for infrastructure projects in the state, on Shariah princip...
- Asian growth attracts Shariah banks from GulfAl Salam Bank BSC, Bahrain’s fastest-growing lender by revenue in the past year, plans to invest $500 million of Islamic funds in Asia, joi...
- India beats competitors in forex inflowsOver the past nine months, Indian market has received net inflows of $14.33 billion, about 182 per cent more than last year this time round.
- Here's looking at you, Casablanca exchangeThe Casablanca and Kuwait stock exchanges are the best-performing in the Arab world. And the movie's played a big role in wooing Western ca...
- Islamic banking is not for IndiaThe Reserve Bank of India has viewed that Islamic banking cannot be offered by banks in India.
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