Pratap John

Al Khaliji bank in Qatar gets more active in Islamic finance

Pratap John in Gulf Times reported on 24 April that Al Khaliji bank will be concluding more Shariah-based transactions including co-arranging a Sukuk in Qatar after obtaining the Qatar Central Bank’s approval for an Islamic branch. The bank plans to open branches successively.

Al Khaliji chief executive officer is David Proctor.

Source: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=214610...

Singapore's Islamic finance efforts

Pratap John reported in Gulf Times on 8 April that Singapore now provides tax neutrality between conventional and Islamic financing, such as by sales tax exemption for financing based on the Murabaha structure. MAS now allows the city state’s banks to offer Murabaha financing, investment products and deposits.

Angelina Fernandez is director of communications of the Monetary Authority of Singapore (MAS). Ong Chong Tee is deputy managing director of MAS.

Source: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=211745...

Syndicate content