Islamic Finance

Islamic Finance Attracts Non Muslim Students in Asia

by Forex Rooton August 7, 2014 10:25 am BST
Demand for Shariah Finance training from non-Muslims rose more than fourfold in the past seven years as students seek to enter an industry whose assets are set to double to $3.4 trillion by 2018. Malaysia’s International Centre for Education in Islamic Finance had 2,000 people enrolled on its courses this year, of whom about 14 […]

Dubai Holding will prepay $319.3m loan 19 months early

by Forex Rooton April 24, 2014 10:05 am BST
Dubai Holding Commercial Operations Group (DHCOG) on Wednesday announced that on May 13, it will voluntarily prepay the entire outstanding principal of $319.3 million (Dh1.17 billion) along with accrued interest, of the amortising $555 million facility originally maturing on December 31, 2015. The prepayment of this secured facility will be made from DHCOG’s available funds. […]

Dubai International Capital Looking to Sell Large Holdings

by Christopher Lemieuxon February 6, 2014 5:26 am BST
Dubai International Capital (DIC) LLC is looking for potential buyers of its three largest companies in a deal in excess of $2 billion, according to anonymous sources who had knowledge of the private information. The private-equity firm, owned by the emirate’s ruler, is partnering up with investment bank Evercore Partners Inc. to determine investor demand […]

Shuaa Capital Seeks Expenditure of Lending Business

by Christopher Lemieuxon November 23, 2013 3:56 am BST
Shuaa Capital PSC is, potentially, looking for a joint-venture to boost growth within the lending unit as the Dubai investment bank continues to rebuild after the financial crisis. The banking unit is aiming to boost lending to 1.4 billion dirhams ($381 million), which is almost double of the previous lending amount of 800 million dirhams. […]