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Brunei sold B$90 million (US$59 million) worth of 91-day Islamic debt securities at a yield of 3.15% via an Ijarah facility.
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Universiti Brunei Darussalam began planning for the construction of its Centre for Islamic Banking, Finance and Management building slated for the end of 2008.
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Dar Al-Arkan Real Estate Development closed its US$600 million Sukuk, initially priced at US$425 million.
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Dubai Islamic Bank selected Nucleus Software’s FinnOne CAS to manage its retail operations, allowing easy access and instant information availability to the bank.
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The general assembly meeting of the International Islamic Trade Finance Corporation was held in Jeddah.
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Barclays’ pre-tax profits hit an all-time high of £7.14 billion (US$27.27 billion) for 2006.
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US law firm King & Spalding recorded worldwide revenues of US$582.4 million, and profits per partner of US$1.31 million.
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Bank Islam Brunei Darussalam introduced the first entirely Shariah compliant investment certificate, tradeable and marketable before its maturity date via the short-term Musharakah Musahaman and Al Bai facilities.
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Bangladesh Bank governor Salehuddin Ahmad disclosed a possibility of introducing Sukuk into the country.
- Al Salam Bank is looking to consolidate and to expand its operations globally, beginning with Algeria and Sudan.