Gold Is Now An Accepted Sharia Investment Under New Islamic Banking Rules
Gold can now be used as a commodity to back Sharia-based financial products, with rules about using the metal as an investment set out for the first time. The World Gold Council announced the new Sharia gold standard, which sets out the way in which financial institutions can apply Sharia principles in the direct physical handling of gold and in using the metal as an underlying asset in a transaction.
PE Firm Arcapita Acquires Dubai Logistics Park In $100M Deal
Global investment management firm Arcapita, which operates as a global Shariah compliant alternative investment manager, has acquired a logistics park in Dubai in a transaction valued at approximately $100 million.
Islamic Investment Manager RiverCrossing Is Raising a $125 Million US Real Estate Fund
The Fund will invest in income-producing, cycle-resilient alternative real estate properties in senior housing, student housing, medical offices and self storage across various regions of the US. The Fund will be co-managed by RiverCrossing and Virtus with the underlying assets managed by Virtus and its regional operating partners.
Saudi's Sedco to distribute Islamic funds via private banks
Jeddah-based investment firm SedcoCapital plans to register its Islamic funds in Switzerland anddistribute them through tie-ups with global private banks, partof efforts to diversi...
Bahrain's GFH Hopes More Active Investment Will Secure Recovery >> Gulf Business
Gulf Finance House is banking on a revamped business model to revive its fortunes....
Islamic Finance is Growing Fast but Faces the Form-Versus-Substance Debate
From CFA Institute Speaking at the Middle East Investment Conference in Dubai, Ibrahim Warde, adjunct professor at Tufts University in the United States and a noted author on Islamic finance, argued that since the 1990s Islamic finance has gained much more international acceptability but that it continues to grapple with the fundamental form-versus-substance debate.
With the current size of the Islamic finance market at over $1.3 trillion, Warde believes “it is not an exaggeration to say that in the world of finance, the fastest growing segment is Islamic finance.” The data he shared showed that assets of the Islamic financial sector grew by 21% in 2006, 29% in 2007, 16% in 2008, 18% in 2009, 22% in 2010, 20% in 2011, and an estimated 24% in 2012.