Launch of Arabic version of Islamic Finance Qualification in Beirut

An Arabic version has been initiated from the Chartered Institute for Securities & Investment (CISI) and Ecole Superieure des Affaires (ESA).
Since the launch of the initial English language version of the IFQ in March 2007 more than 1,800 examinations have been positioned and over 1,000 of these were placed internationally.
The Arabic IFQ will be available via CBT internationally and candidates with queries regarding the syllabus, training or examination should contact

Al Baraka planning to buy Indonesian bank

The chief executive of Al Baraka bank announced that the bank wants to buy an Indonesian bank for around $100 million by year-end.
Adnan Yousif stated that they will send a delegation to seek the market.

Bahrain Intl Invest Bk Plans $1B Residential Proj In Saudi-Report

The International Investment Bank ( IIB ) of Bahrain plans to implement a large-scale residential project in Jeddah at a total cost of up to $1 billion.
Work at the project is planed to start in early 2011 and it will be executed in stages.
The Islamic Development Bank will help IIB to make the plan work. The project will include 2,000 residential units for low-income people, as well as schools, mosques, and shops.


Kuwait KIA Rejects Plan To Set Islamic Body To Back Small Projs-Report

The Kuwait investment Authority, or KIA, has turned down a parliamentary proposal to set up a shariah-compliant specialized entity to support small projects by Kuwaiti nationals. The sovereign wealth fund said that it is engaged in undertakings that have been in place for a long time that make creating such entity unnecessary.

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