:: Al Huda :: Islamic Banking & finance news


	An Attractive Interview With Pervez Said
	Presently, there are 157 Islamic Banking branches working in nearly 24 cities of the country Expected to have 12% market share of Islamic Banking in the overall banking assets of Pakistan by year 2012. Basel II could be implemented by Dec.2007 We must all put our shoulders together and push in any way that we can to promote this system. Those who can educate and train, like Al Huda CIBE should do so.
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	Pakistan as Emerging Market
Islamic Banking has a bright future in Pakistan: Shamshad Shamshad appreciated the performance of the Banking sector. Dubai Islamic Bank introduced First Islamic Visa Debit Card in Pakistan Al-Huda CIBE will also provide Islamic Banking training outside the Pakistan Youths urged to understand Islamic financing : Nikolaus R Shwarz: CEO FDIB Qatar Islamic Bank plans to invest in Pakistan Modaraba Association is playing an active role in promoting Islamic Baking : Basheer A Chowdry SBP Introduce newly-designed Rs. 1,000 Banknote UBL Fund Managers had achieved significant growth : Mir Mohammed Ali – CEO UBL Funds Manager Al Meezan Investments funds results declared Alhuda CIBE gives presentation to Zaighum Rizvi and his Management on performance of Sukuk in Housing Sector. Premier Financial Saudi group Samba to acquire 68pc stakes of CCBLe Money changers fear $500m loss: Closure of Dubai firm
	Takaful
BIMB banks on takaful and Islamic leasing Germany's Allianz Re granted licence to operate from DIFC Insurance penetration lowest in Pakistan

International News

Largest Islamic bank unveils aggressive plans for Malaysia

CITIGROUP will focus on a three-pronged approach to grow its Islamic banking business in Asia : Rafe Haneef

Gulf group to open Kenyan Islamic bank

DIB decided to convert Deyaar to joint stock company

HSBC Global Islamic Financial Services Division wins top five awards from Euromoney

DIB to lead $5b financing in ’07

CIMB gears up for Islamic consumer banking

Al Rajhi aims big in retail sector

KFH is likely to raise its bid for Malaysia bank

Largest Islamic lender planned

EIIC not to reap earnings on ADIB's deal

GCC's Islamic banks chase market share in Malaysia

Islamic Investment, Funds & Sukuk Updates
Moody's assigns A1 rating to DIB sukuk Aldar Properties announced the final terms for the proposed $2.53 billion sukuk Management Quality rating of UBL Fund Managers Limited upgraded Need to encourage secondary sukuk market in Dubai Proposed Aldar sukuk pricing tightened on strong demand

Articles

Khadin Husain Dupty Chief Manager SBP, Iftikhar Baig Sharia Advisor Prime Bank, Hamad Rasool Director Wapda First Sukuk Company Limited, Sibghat Ullah Ehsan Assistant Director Securities and Exchange Commission of Pakistan, Wasf Ali Babar Manager Corporate Meezan Bank Limited and Zubair Mughal CEO Al Huda CIBE Speaking at Specialized Training workshop on Islamic Banking at Multan on 23-24 Feb, 2007

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