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(Issue 63)
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| Comment |
Islamic
Banking in Europe
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| Feature |
Britain's
First Islamic Mortgage From UBK
The new Manzil programme, being offered by the United
Bank of Kuwait (UBK), finally gives British Muslims a
way out of the home-owning trap - the facility to purchase
a home without entering into an interest-laden mortgage.
The advent of an Islamic loan to buy homes, could be a
Godsend for Britain's 2 million plus Muslims, of which
40,000 families are estimated to seek finance for home
purchases each year. New Horizon talks to Keith Leach,
a manager of the Islamic Investment Banking Unit at the
UBK in London. |
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Islamic
Project Financing
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Islamic
Project Financing Conference
Looking at the latest developments and rapid rate of evolution
in this area, and marvelling at the diverse spectrum of
activity, Professor Dr Murat Cizakca reports on
the Project Financing Conference organised by the Asia
Business Forum in Kuala Lumpur. |
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Corporate
Profile
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DMI
Group: 1996 Sees Profitability
According to Chairman, HRH Prince Mohamed Al-Faisal
Al-Saud, Dar Al-Maal Al-Islami (DMI) Group's 1996
results: "show a welcome return to profitability
and we continue to reshape the DMI Trust for further profit
improvement. In 1996, we recorded a net profit of US$10.1
million compared to a net loss of US$8.0 million in 1995.
Gross income of US$148.5 million was US$17.3 million higher
than the corresponding figure the previous year." |
| IIBI
Forum |
IIBI
Shariah Scholars provide answers to questions and issues
pertinent to Islamic banking
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| IIBI
News |
Report on Institutes Activities
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| News
Monitor |
New
Horizon reports on recent developments within the Islamic
financial world
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