Britain's first Islamic bank opens in London
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The first bank in Britain to operate on Islamic principles, including interest-free loans, opened its doors on Wednesday in Edgware Road, the heart of London's Arab quarter.
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HONG KONG Cheung Kong (Holdings) and Dubai Islamic Bank said Wednesday that they had set up a $450 million Islamic property trust, the first such fund in Asia.
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The City of London is lobbying China's 200-billion-dollar foreign exchange investment agency to set up a branch in the leading international financial centre, state media said Friday.
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London equities opened in positive territory on Thursday as a raft of bid news helped lift sentiment on the market. The FTSE 100 started trade up 0.3 per cent at 4,740.1 and the mid-cap FTSE 250 stayed flat at 6,755.7.
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The firm is bringing its style of banking to new high-growth markets.
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The Islamic Development Bank launched a $10 billion fund on Wednesday to combat poverty in developing Muslim nations in Africa and other parts of the world.
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A unit of First Islamic Bank makes a Â£142m bid to take over South Staffordshire Water, company officials say.
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LONDON -- The arrests of 16 people early yesterday in two unrelated antiterrorism operations in London and Manchester reflect increasing concern over the threat of homegrown Islamic extremism in Britain.
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Nasdaq started the takeover clock ticking for the London Stock Exchange today when it officially opened a $5.3 billion hostile offer.
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How Scotland became the back office for London's financial industry.
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The British Film Institute gives a sneak peek of its new venue on London's South Bank.
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Pakistan plans to sell its first Islamic bonds by January as it seeks to tap rising demand for securities that conform to Muslim law, Prime Minister Shaukat Aziz said in an interview.
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A new television channel that claims to be the first U.S. Muslim lifestyle network in English debuts next week, bringing to fruition an idea born in the aftermath of the Sept. 11 attacks.
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Business & money: Doorstep lender London Scottish Bank has admitted it does not have enough capital to satisfy the regulator
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Britain takes over the beleaguered bank after private-sector bids fail to impress.
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Deutsche Bank, Germany's biggest bank, is to organise the financing of Deutsche Boerse's bid for the London Stock Exchange.
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In a sign of how much U.S. investment banks are now part of the British Establishment, the London headquarters of Goldman Sachs ( GS ) is much sought after as a political venue.