Search results
Results from the WOW.Com Content Network
pif.gov.sa. The Public Investment Fund (PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion (£ 726.3 billion). [2] It was created in 1971 for the purpose of investing funds on behalf ...
Islamic equity funds were launched in the early 1990s, [225] and began growing fairly rapidly in about 2004. [223] As of 2014 there were 943 Islamic mutual funds worldwide and as of May 2015, they held $53.2 billion of assets under management. [220] Malaysia and Saudi Arabia dominate the sector with about 69% of total assets under management. [220]
The Islamic Development Bank (Arabic: البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. [ 1 ] There are 57 shareholding member states with the largest single shareholder being ...
The Dow Jones Islamic Market Index (DJIM), is a stock market index created for investors seeking investments using Islamic finance in compliance with Muslim Sharia law. The DJIM indices use a screening process to identify companies that are compliant with Shariah law. The screening process is conducted by an independent Shariah Supervisory ...
Mawarid acquired Al Jazeera Financial Services, a private equity company specializing in financial intermediation and investment in Shari'a-compliant stocks on both ADX and DFM. [27] Dar Al Takaful, a joint stock Islamic insurance company of which Mawarid is the main founder, went public in July 2008. [28]
The ratio of the claims on the public sector to the claims on the non-public sector was 17.2% in September 2014, 15.6% one year before, and 13.4% two years before. This trend suggests that the government is using more bank resources than it was previously, and that banks are getting more dependent on the government's solvency. [37]
Eastspring was originally the investment management arm of Prudential Corporation Asia, the Asian branch of Prudential plc that was established in 1994. [1][2][3][4][5] In 1998, it formed a joint venture with ICICI Bank named ICICI Prudential Mutual Fund which is located in Mumbai and is currently one of the largest asset management companies ...
The ITFC's trade finance arm is responsible for providing Shariah-compliant trade financing for both public and private sector entities in the OIC member countries, with a particular focus on financing OIC intra-trade. The ITFC provides direct financing and also works with other international financial institutions to support OIC trade and ...