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  Below are the last 7 days news from Islamic Banking and Finance 500.

 
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August 8, 2008
Latest Company News Updates
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Company (Industry) News Title
Abu Dhabi National Energy Company (Taqa)
UAE (Diversified Financial Services)
The comapny's second quarter profit more than doubled, boosted by foreign acquisitions and high oil prices.
Source: Al Watan
AmBank (M) Berhad
Malaysia (Banking)
The bank and Pos Malaysia Bhd announced a strategic tie-up to enable easy purchase of AmBank's popular NexG Prepaid MasterCard.
Source: Bernama
Bank Islam Malaysia Berhadá
Malaysia (Banking)
The bank launches its first Islamic structured investment product at 18th Flr, Darul Takaful, Jln Sultan Ismail, KL at 10am.
Source: The Edge Daily
Bank Muamalat Malaysia Berhad
Malaysia (Banking)
The bank offers specially-designed home financing packages to buyers of PKNS properties.
Source: Bernama
Credit Suisse
Switzerland (Diversified Financial Services)
The company is sued by Europe's largest computer chip maker, STMicroelectronics NV, for allegedly placing USD450m of its cash into auction-rate securities without authorization.
Source: Reuters
ICB Islamic Bank Limited
Bangladesh (Banking)
The bank is one of the 30 banks who have failed to keep their commitment to slash the lending rates by the June deadline, flouting both central bank and bank owners association's advice.
Source: The Daily Star
Islami Bank Bangladesh Ltd.
Bangladesh (Banking)
The bank is one of the 30 banks who have failed to keep their commitment to slash the lending rates by the June deadline, flouting both central bank and bank owners association's advice.
Source: The Daily Star
Malayan Banking Bhd
Malaysia (Banking)
The bank has bought another 5 per cent of PakistanÆs MCB Bank for about USD213m, raising its stake in the South Asian nationÆs biggest lender to 20 per cent.
Source: Business Times Online
The Securities and Exchange Board of India (Sebi)
India (Diversified Financial Services)
The company is likely to clear the long pending application of Taurus Parsoli Ethical Fund to launch a Shariah fund by the end of this month.
Source: Business Standard
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