Trade Finance News

Sector - Islamic Finance

November 02, 2011

Kenya takes the lead: Islamic finance

With the growth in Kenya’s Islamic finance market picking up pace, it’s only a matter of time before the trade finance market starts to realise the opportunities. Shannon Manders reports.

September 15, 2011

Russian bank awarded Islamic funding

Russia’s Ak Bars Bank has brought in commercial and multilateral lenders to close a US$60mn syndicated Islamic financing.

Citi and the Islamic Corporation for the Development of the Private Sector both acted as lead arrangers and bookrunners on the deal, while the Eurasian Development Bank joined as a mandated lead arranger.

The one-year murabaha facility will be used for...

August 10, 2011

HSBC signs Islamic financing first

HSBC has signed a memorandum of understanding with International Islamic Trade Finance Corporation to facilitate shariah-compliant trade financing for ITFC’s customers.

July 27, 2011

Aktif Bank agrees two-step murabaha facility

Aktif Bank has won a US$10mn two-step murabaha financing facility from the International Islamic Trade Finance Corp, part of the Islamic Development Bank Group.

Aktif Bank tells GTR that the facility – one of the first two-step murabaha financings − will be utilised in trade finance-related transactions and will support intra-OIC (Organisation of the Islamic conference) trade.

The OIC is an Islamic inter-governmental organisation with a membership of...

July 19, 2011

Southeast Asia banks collaborate on Islamic TF

Malaysia’s Maybank Islamic has signed a memorandum of understanding with Indonesia’s Bank Syariah Mandiri to establish cross-border collaboration on Islamic treasury and trade finance matters.

July 18, 2011

AlBaraka Bank agrees murabaha facility

AlBaraka Banking Group has signed a US$20mn murabaha facility with International Islamic Trade Finance to support foreign trade.

The facility has a 12-month tenor and will be implemented through AlBaraka Islamic Bank Bahrain.

AlBaraka’s chief executive, Adnan Ahmed Yousif comments...

July 14, 2011

Islamic finance: Dragging its feet

onventional banks are becoming capital constrained for trade finance, the Middle East is opening up to more regional trade: Islamic trade finance should be enjoying a surge of interest. But why has the growth been relatively slow? Nick Lord reports.

May 17, 2011

Qatar's Quick Goodbye

The country’s central bank is rewriting the rules on Islamic finance and conventional banks are being shown the door, writes Mark Dunne.

April 12, 2011

New Islamic insurance broker launched

London’s Gatehouse Bank has teamed up with Lloyd’s insurance broker Paul Napier to form the first insurance broker to offer shariah-complaint coverage in London.

March 28, 2011

Africa and Mena get insurance partnership

The Islamic Development Bank’s credit insurance arm has signed a memorandum of understanding with an African agency to boost insurance availability across the continent.

February 03, 2011

GTR Best Deals 2010

GTR is pleased to announce the winners of our Best Deals 2010 competition. 
 

December 08, 2010

Swift gets Islamic finance approval

Tech-firm Swift’s ISO 15022 message standards for treasury murabaha transactions have been certified compliant with international Islamic finance standards.

December 08, 2010

HSBC extends Islamic financing offering

HSBC has expanded its shariah-compliant products to Bahrain and Bangladesh.

November 29, 2010

Swift gets Islamic finance approval

Tech-firm Swift’s ISO 15022 message standards for treasury murabaha transactions have been certified compliant with international Islamic finance standards.

October 20, 2010

New law firm opens in Dubai

Shariah-compliant law firm Agha and Co has opened up a Dubai office.

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Russia
Moscow - February 7, 2012 
United Arab Emirates
Dubai - February 14-15, 2012 
India
Mumbai - February 23, 2012 
South Africa
Cape Town - March 8-9, 2012 
Turkey
Istanbul - March 22-23, 2012 
Brazil
Sao Paulo - April 23-24, 2012 
Kenya
Nairobi - 22 May, 2012 
Lebanon
Beirut - 6 June, 2012 
United States
New York - 12 June, 2012 
The Netherlands
Amsterdam - 18-19 June, 2012 

Banks are jostling for a stake in South Africa’s promising renewable energy sector. Will this be the next best thing for the project finance market, asks GTR deputy editor Shannon Manders?

GTR will host its annual Awards Dinner at The Brewery in London on May 2, 2012

GTR Awards Dinner

GTR's Middle East and North Africa Leaders in Trade 2011 online poll is now open.

GTR MENA LEADERS IN TRADE AWARDS 2011

The results of GTR's Best Deals 2011 have now been announced.
 

The 2011/12 Directory is out now. Click to order your copy.

GTR Directory 2011/12

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