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September
Islamic banking industry software solutions provider Path Solutions has implemented its iMAL solution for Al Khalij Commercial Bank, Qatar, to enable Shari'a-compliant trade finance services.
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August
Banks have signed a trade deal for International Bank of Azerbaijan.
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July
Nomura Holdings has become the first Japanese company to raise money in the Middle East under a commodity Murabaha facility.
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Norton Rose has relocated a banking partner specialising in Islamic and structured trade finance to its Hong Kong office.
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The Islamic Trade Finance Corporation (ITFC) has increased its activities in Egypt by 138% over 2009 in just the first six months of this year, while also furthering its work with Saudi Export Program.
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June
International Trade Finance Corporation, part of a group of Islamic Development Bank, has signed a loan for the International Bank of Azerbaijan to finance its trade operations.
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The Islamic Corporation for the Insurance of Investment and Export Credit has opened an office in the Dubai International Financial Centre to expand its business in the Middle East and North Africa.
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May
Stanbic Bank Tanzania, a member of the Standard Bank Group, has launched two Sharia compliant banking products.
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The Islamic Development Bank Group has hosted the fourth coordination meeting for local, Arab and Islamic trade finance and trade guarantee institutions to support the growth of intra-OIC trade.
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Sweden's Export Credit Corporation is considering issuing Islamic bonds and other Sharia-compliant financial instruments to boost trade with Saudi Arabia.
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Abu Dhabi's Emirates Steel Industries is requesting financing from banks for long term debt for the development of its plant at Taweelah.
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April
Raiffeisen International’s shareholders have been presented with a detailed merger plan between the bank and Austria’s RZB.
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The UK’s Gatehouse Bank has signed a Memorandum of Understanding (MoU) with the Association of Islamic Banking Institutions Malaysia (AIBIM) to standardise Islamic interbank documentation.
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Turkey’s Bank Asya has seen its Sharia-compliant dual currency loan oversubscribe by more than three times in the syndications market.
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February
The new CEO for Swiss Islamic specialist Faisal Private Bank has revealed the bank is actively building a trade finance arm.
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Turkey’s Bank Asya has mandated banks to arrange a syndicated Sharia-compliant dual currency loan to fund its trade finance activities.
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Australia’s Westpac is set to unveil a commodities-based Islamic finance product.