The World's Global Islamic Finance News Provider http://www.islamicfinancenews.com 2011 REDmoney Group Islamic Finance http://www.islamicfinancenews.com/pic/headerlogo_IFN2.gif http://www.islamicfinancenews.com/ http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21798 INDONESIA: The finance ministry has raised IDR500 billion (US$58 million), in line with its target, via a Sukuk auction to help cover this year’s state budget deficit... INDONESIA Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21799 UAE: Emirates Islamic Bank posted a net loss of AED20 million (US$5.45 million) for the first quarter of 2011, as compared to a net profit of AED66.60 million (US$18 million) in 2010... UAE Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21800 KUWAIT: Kuwait Finance House has launched new banking cards, which will replace its current credit, prepaid and ATM cards... KUWAIT Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21801 SYRIA: Al Baraka Bank Syria expects to open two branches this month as part of its plan to set up 10 branches in the country by the end of this year... SYRIA Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21802 BAHRAIN: First Bahrain Real Estate Development Company has repaid in full a three-year US$1.50 billion Islamic project financing facility to Kuwait Finance House-Bahrain... BAHRAIN Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21803 UAE: Abu Dhabi Commercial Bank’s first quarter net profit has risen to AED583 million (US$158.72 million) as compared with AED225 million (US$61.26 million) last year... UAE Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21804 KUWAIT: Kuwait Finance House (KFH) is seeking to broaden its investment base in the healthcare service sector by expanding in the local and GCC markets... KUWAIT Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21805 MALAYSIA: Malaysian Rating Corporation (MARC) has assigned ratings of ‘AAAIS (bg)’ and ‘AAAIS (fg)’to Ranhill Power’s RM800 million (US$267 million) Sukuk Musharakah facility... MALAYSIA Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21806 UAE: Nakheel which is in the midst of restructuring its US$10.90 billion debt, has stopped selling new properties as it focuses on consolidation... UAE Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21807 MALAYSIA: Al Rajhi Bank has launched a new investment product, Al Rajhi Gold-i, to meet the rising demand for gold among investors... MALAYSIA Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21808 GLOBAL: The Islamic finance industry needs to return to its roots of risk sharing in an effort to gain further growth, said Mukhtar Hussain, global CEO of HSBC Amanah... GLOBAL Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17 http://www.islamicfinancenews.com/listing_article_ID.asp?nm_id=21809 MALAYSIA: Takaful Ikhlas is optimistic in obtaining RM900 million (US$302 million) in its premium collection for the financial year, ending on the 31st March 2012... MALAYSIA Wed, 27 Apr 2011 04:00:00 MYT Volume8.Issue17