New Delhi

AirAsia X to put off US$200m sukuk issue

AirAsia X Sdn Bhd will put off a US$200 million Islamic bond issue planned for March by at least 12 months after the airline abandoned routes from Kuala Lumpur to London, Paris, Mumbai and New Delhi.
AirAsia X announced Jan. 12 that it was cutting its flights to Europe, justifying the cost of complying with the European Union’s emissions trading system and rising taxes.

Mefcom ties up with UK-based merchant bank Beufort

Mefcom Capital Markets together with UK-based merchant bank Beaufort will supply various cross-border financial services to corporates and other investor classes. Furthermore, they will arrange Sharia- compliant investment products and plans to give the investors access to markets in India, Mid-East, the UK and Europe.
Mefcom-Beufort would provide its clients services allied to cross-border corporate advisory and due diligence work, brand franchising and international licensing transactions, listing and capital raising activities, private equity, investor roadshows, wealth management and stock broking and more others.

Govt. of India urged to allow financial bodies to adopt Islamic practices

The International conference's conclusions on "Prospects for Islamic Venture Capital Funds in India" were that India needs to make steps to allow various financial institutions to adopt Islamic products and practices and to lay foundations of a level playing field in economics and finance in which all players are alloud to take part in a fair and just manner.
The organizers of the two-day International conference were the Institute of Objective Studies, (IOS), New Delhi and Indo-Arab Economic Cooperation Forum. The conference was held on May 14 & 15 May at the Parliament House Annexe. Foreign participants at the conference were: Dr. Rudy Yaksick, Partner, Concord Capital Partners LLC, from USA and Khaled M. Al-Aboodi, CEO & General Manager of Islamic Corporation for the Development of the Private Sector (ICD), Jeddah; Mr. Nabil El-Alami, Corporate Marketing & Communication Manager, ICD, Jeddah, KSA.

Prospects for Islamic Venture Capital Funds in India: IOS conference in Delhi

A two-day International Conference on "Prospects for Islamic Venture Capital Funds in India" is being organized on May 14 & 15 at Parliament House Annexe, being part of the Silver Jubilee celebrations of the New Delhi based Institute of Objective Studies, (IOS).
Mr. K. Rahman Khan, Deputy Chairman, Rajya Sabha will advise the inaugural session on May 14 which will start at 10 am.

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