Editor Note.

We promise to continue our humble efforts in the right direction. We also look forward to our viewers around the globe to share this Magazine with their friends/colleagues for better awareness of Islamic Banking & Finance. We appreciate all the comments/feedback for the development of this cause.
God bless you all.

Zubair Mughal,
Editor. newsletter@alhudacibe.com

• Foreign Banks operate more than 50% banking in Pakistan: Shaukat Aziz.
• HSBC and Saudi American Bank is interested to expand their business in Pakistan: Shamshad Akhtar.
• BankIslami is ready to start operation in Punjab, NWFP and AJK : Bilgrami
• Islamic banks allowed to offer new products
• Congratulating EGIBL’s management on launching six branches: Lutfullah Khan- CEO AutoSoft
• MR. YASEEN ANWAR ASSUMES CHARGE OF DEPUTY GOVERNOR, SBP
• Islamic Banking assets more than $ 300 worldwide: Ishrat Husain.
• Kuwait, Qatar to invest $4 billion in Pakistan.
• BoK is offering its Rs 200.20 million share through right issue
• Alfalah was not up for sale to any foreign Bank – Saleem Akhtar, CEO Alfalah
• Meezan Bank earns Rs 780 million pre-tax profit
• S&P assigned an investment grade rating to AlBaraka Islamic Bank.
• Banks deposits double in 4 years, reach 3.034 trillion
• EGIBL launched in Lahore

• Dubai Islamic lists $750m Sukuk on DIFX
• NCB launches Shariah-compliant fund
• ADIB set to sponsor Islamic Fund Awards
• Bahrain's Albaraka to issue $300 mln Islamic bonds
• Malaysia aims at being Islamic finance centre

• Maybank in pact with Indonesia's PT Panin Life
• AmIslamic in deal to offer takaful investment products
• 5 Saudi Insurance Firm launched IPO volume of $71 mln.

• Islamic banking gets a big boost from central bank
• Samra Al-Kuwaiz: Good Prospects for Women Investors
• Sukuk- eyeing the future
• Takaful options for insurance cover
• Takaful