IslamicFinance.de

Finance, economy and planning ministers from 56 Muslim countries will attend a major Islamic economic and finance conference at IDB headquarters in Jeddah next week. It is possible that the conference will be open by Custodian of the Two Holy Mosques King Abdullah at Jeddah Hilton .
More than 1,000 delegates including executives of Islamic banks and other financial institutions will attend the conference, which includes a meeting of IDB’s board of governors.

King Abdullah has launched a Royal Decree allocating SR476 million a year to the Takaful Charity Foundation set up to support needy pupils in public education schools.
Prince Faisal Bin Abdullah, Minister of Education and chairman of Takaful and its Trustees Council, stated that the foundation will provide assistance to orphans and pupils in over 30,000 Ministry of Education schools for boys and girls. It will also work in collaboration with the Technical and Vocational Training Corporation and private institutions to hold training courses to give students practical skills required in professional life.

The Real Estate Development Fund (REDF) has approved 25,000 loans to help finance construction of 3,000 residential units in cities and provinces in the Kingdom in accordance with its priority list of loan applications.
Hasan Al-Attas, REDF’s Acting Director General, gave a statement to the Saudi Press Agency (SPA) in which was said that the value of the loans amounts to SR7.5 billion, representing the second tranche of the generous support ordered by King Abdullah.