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Saudi Arabia’s Capital Market Authority said it has approved Saudi Kuwaiti Finance House Company’s request to offer, register and list Al-Markaz REIT Fund units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund.
“The CMA’s approval of Al-Markaz REIT Fund should not be considered as a recommendation to invest in it. The CMA’s approval of Al-Markaz REIT Fund merely means that the legal requirements as per the law and its implementing regulations have been met,” the CMA said in a statement.
The topic of sukuk standards is an important but sometimes divisive one in Islamic capital markets, and is a constant source of debate between the industry's many key stakeholders.
Qatar on Wednesday witnessed the launch of the world's largest single country Islamic exchange traded fund (ETF), which is increasingly seeking investors from Asia, Europe and the US.
The MSM30 Index recovered 0.30 per cent to close at 4,796.23 points. The MSM Sharia Index ended at 678.30 points, up 0.09 per cent. Galfar Engineering was the most active in terms of volume as well a
Times of Oman
The Dubai index moved higher on Wednesday, boosted by the announcement of a joint venture between Emaar Properties and Aldar Properties. The Dubai Financial Market (DFM) General Index closed 0.75 per
The Muscat Securities Market (MSM) declined 6.2 per cent YTD as the benchmark MSM 30 index plummeted to 4,781.9 points – a level last seen in April 2009. The decline effectively wiped out cumulativel
Oman Daily Observer