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Alhuda opens first Islamic Microfinance helpdesk in Pakistan
Islamic Micro-finance helpdesk is established by Alhuda – Centre of Islamic Banking and Economics (CIBE) for the objective to provide the technical and Shariah guidance to the local and international micro-finance institutions in the conversion process of micro-finance structure into Shariah compliance micro-finance.
 
 
 
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CBB Sukuk Al-Salam Securities Oversubscribed
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The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities has been over subscribed by 205 %.

Subscriptions worth BD12.3 million were received for the BD 6 million issue, which carries a maturity of 91 days.

The expected return on the issue, which begins on 3 June 2009 and matures on 2 September 2009, is 1.00%.

The securities are issued by the CBB on behalf of the Government of the Kingdom.

 
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