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19 November 2008

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Diminishing Musharaka reflects the spirit of Sharia PDF Print E-mail
Islamic Equity
Source: MFG   
Friday, 05 January 2007

Tariq Hameed analyses the most popular type of Islamic mortgage, the ‘Diminishing Musharaka’, and explains how it differs from conventional mortgages and its treatment from a tax and regulatory perspective

Since 2003, the government has introduced a number of measures equalising the tax treatment of Islamic mortgages with a view to creating a level playing field for financial institutions and customers. In 2007, secondary legislation bringing certain categories of Islamic mortgages into regulation will come into effect.

Last Updated ( Friday, 05 January 2007 )
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First ever issue of Islamic exchangeable trust certificates PDF Print E-mail
Islamic Equity
Source: Shariabanking.net   
Thursday, 05 October 2006

Linklaters Islamic Exchangeable SukukLinklaters acted for the managers on the first Islamic exchangeable Sukuk issue, the $750m exchangeable trust certificates issued by the Malaysian Government’s investment arm, Khazanah Nasional Berhad. This is the first Sharia’a compliant Sukuk issue which incorporates the full convertibility features usually seen in conventional equity-linked transactions. The issue is also the largest equity-linked instrument in Asia (excluding Japan) this year.

Last Updated ( Sunday, 07 January 2007 )
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Dow Jones launches benchmark Islamic equity index for Pakistan PDF Print E-mail
Islamic Equity
Source: Shariabanking.net   
Wednesday, 06 September 2006
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Islamic Equity Index
Dow Jones Indexes, a leading global index provider, announced the launch of an Islamic equity index for Pakistan that will be used to launch that country's first Sharia-compliant index fund.
Last Updated ( Saturday, 30 December 2006 )
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Scottish Widows launches Islamic equity fund PDF Print E-mail
Islamic Equity
Source: Shariabanking.net   
Thursday, 31 August 2006
Scottish Widows Islamic Fund
Scottish Widows Islamic Fund
Scottish Widows Investment Partnership (SWIP) said on Wednesday it has launched an equity fund suitable for Muslim private investors, part of a trend of Islamic financial products coming to the market.

The SWIP Islamic Global Equity Fund will be run by Suhail Arain, global equities investment director at the Edinburgh-based fund management group.

The fund will exclude firms that operate in areas such as the production of alcohol, weapons and financial businesses that breach Islamic prohibitions on paying or charging interest.
Last Updated ( Sunday, 07 January 2007 )
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