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

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August 6, 2008
Latest Company News Updates
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Company (Industry)		News Title
Axis Real Estate Investment Trust (Axis REIT) Malaysia (Diversified Financial Services)		The company plans to acquire some RM500m worth of properties to boost its portfolio to over RM1b by next year. Source: The Edge Daily
Barwa Real Estate Qatar (Real Estate)		The companyand Qatar Islamic Bank (QIB) announced a Murabaha Sharia'-compliant financing deal worth 1.1 billion Qatari riyals. Source: Gulf News
Fidelity Bank Nigeria (Banking)		The bank is working on strategies to start Islamic banking in its operations. Source: All Africa
Gatehouse Bank United Kingdom (Banking)		The bank has strengthened its Capital Markets Origination and Structuring team by appointing Mr.Michael Clarke as a Director. Source: Company Website
HSBC Bank United Kingdom (Banking)		The bank sharpening its focus on Islamic lending in Turkey and across the Middle East. Source: Guardian
Maaden Saudi Arabia (Mining/Petroleum)		The company is close to reaching a deal with Sahara Petrochemical Co to set up a caustic soda joint venture in the kingdom. Source: Saudi Gazette
Qatar Islamic Bank Qatar (Banking)		The bank and real estate company Barwa announced today a Murabaha ShariaÆ-compliant financing deal worth 1.1bn Qatari riyals. Source: Gulf News
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