Suq Al Mal

GFH has posted its 1Q10 financial on its website.  That has to be a record. Let's take a quick look. Going Concern/Matter of Empha...

AlQabas has an article on GIH's 4 May shareholders' meeting.  As well, GIH has posted a press release .  The AlQ article has a bit...

Today IIG Funding (the Issuer) and Deutsche Bank (the Delegate) issued separate announcements on Nasdaq Dubai related to the payment defau...

Given the news item about IIG's problems, let's take a closer look at IIG. In case it wasn't clear from the details in my previ...

Update:  AlQabas had a more upbeat assessment in its Monday 12 April issue.  Here' s the link to my post. So says AlQabas .  First...

GFH announced on the BSE that Deutsche Bank had converted another US$5 million to GFH shares under the convertible murabaha agreement conc...

Ithmar Bank announced on the BSE that on 28 March it had held its Ordinary General Meeting of Shareholders. Tucked in the announcement w...

This post reviews documents submitted in the action commenced by Deutsche Bank against The International Banking Corporation in the Supreme ...

In an earlier post today I noted that Deutsche Bank had converted another US$10 million of its US$100 million murabaha bringing the total ...

  GFH announced on the Bahrain Stock Exchange today that Deutsche Bank had converted another US$10 million of the murabaha to shares in GF...

AlAnba'a Newspaper (Kuwait) reported the following on 8 February: The West LB-led syndicate had agreed to GFH's request to resched...

The press is full of speculation that GFH is negotiating with West LB over an extension of all or part of its US$300 million loan which is ...

  Today's The National quotes Hussain al Qemzi, the chief executive of the Dubai-based Noor Islamic Bank as saying that UAE banks need...

GFH announced on the Bahrain Stock Exchange today that DB had converted US$10 million of the earlier US$100 million murabaha financing it...

GFH issued a press release earlier today in which it advised that it had made a US$300 million provision for its investment in the Legends ...

Bloomberg reports that TIBC has filed under  Chapter 15 of Title 11 (Bankruptcy) of the US Code seeking protection from creditors. As po...

As per Reuters , Henry Azzam disclosed at a conference today.

No, this post isn't a reflection on Surah Al-Baqarah Ayah 280, though perhaps that would make an appropriate topic for a future post. ...