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	<title>Islamic Finance News Portal - Bringing you the latest updates in global Shariah finance</title>
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		<title>Islamic Finance News Portal - Bringing you the latest updates in global Shariah finance</title>
		<link>http://islamicfinanceupdates.wordpress.com</link>
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			<item>
		<title>Islam allows organised tawarruq asset sales &#8211; scholar</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/06/04/islam-allows-organised-tawarruq-asset-sales-scholar/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/06/04/islam-allows-organised-tawarruq-asset-sales-scholar/#comments</comments>
		<pubDate>Thu, 04 Jun 2009 08:10:20 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Tawarruq]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1508</guid>
		<description><![CDATA[Points of Essence

Organized tawarruq is sought to be used as a financing and liquidity management tool despite differing views fromIslamic scholar due to its role in debt creation rather than real economic activity.  It is suggested that there has to be a balance between the two necessities to  leverage on this potential Shariah principle [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1508&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/06/04/islam-allows-organised-tawarruq-asset-sales-scholar/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">redboxsingercumtraveler</media:title>
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		<title>Islamic Banking System Must Become Strong Financial Model, Says Don</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/04/12/islamic-banking-system-must-become-strong-financial-model-says-don/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/04/12/islamic-banking-system-must-become-strong-financial-model-says-don/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 17:42:52 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Islamic Finance]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1505</guid>
		<description><![CDATA[Points of Essence:

Islamic finance should find its own niche model by not emulating the conventional banking concept. This will gain the trust which has apparently been shattered by the conventional financial system meltdown. The time has come for the Islamic financial system to dictate  the international financial landscape. But it must  unleash its full potential [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1505&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/04/12/islamic-banking-system-must-become-strong-financial-model-says-don/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">redboxsingercumtraveler</media:title>
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		<title>Three-Tier Banking Needed To Strengthen Islamic Banking</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/04/07/three-tier-banking-needed-to-strengthen-islamic-banking/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/04/07/three-tier-banking-needed-to-strengthen-islamic-banking/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 13:17:47 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Islamic Finance]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1501</guid>
		<description><![CDATA[Points of Essence:


Islamic banking is urged to operate on a three tier system. First tier is to mirror the operation of conventional bank as a deposit taking institution. The second tier is to leverage on the Mudharabah mode company where banks will act as  fund providers. The third tier will be to act as a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1501&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/04/07/three-tier-banking-needed-to-strengthen-islamic-banking/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">redboxsingercumtraveler</media:title>
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		<title>Malaysian court rules divisive Islamic contract valid</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/04/05/malaysian-court-rules-divisive-islamic-contract-valid/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/04/05/malaysian-court-rules-divisive-islamic-contract-valid/#comments</comments>
		<pubDate>Sat, 04 Apr 2009 17:38:50 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Islamic Finance Legal]]></category>
		<category><![CDATA[BBA]]></category>
		<category><![CDATA[Malaysia]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1497</guid>
		<description><![CDATA[Points of Essence:

The Malaysian court of appeal has finally delivered a verdict which is in favor of Bai Bithaman Ajil. The controversy surrounding this Islamic home product in the global Islamic banking arena is well known which is further exacerbated by lower court rulings holding the product  contractual document invalid. However, the latest ruling by [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1497&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/04/05/malaysian-court-rules-divisive-islamic-contract-valid/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">redboxsingercumtraveler</media:title>
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		<title>No frills airline AirAsia turn to Islamic finance for aircraft financing</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/04/04/no-frills-airline-airasia-turn-to-islamic-finance-for-aircraft-financing/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/04/04/no-frills-airline-airasia-turn-to-islamic-finance-for-aircraft-financing/#comments</comments>
		<pubDate>Sat, 04 Apr 2009 05:22:34 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Air Asia]]></category>
		<category><![CDATA[Ijarah]]></category>
		<category><![CDATA[Islamic Finance]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1492</guid>
		<description><![CDATA[Points of Essence:

Unperturbed by the prevailing credit crunch, Air Asia, the largest Asia&#8217;s low cost airline continues with its expansion plans. It found support in the Islamic finance as it sought US$336mil (RM1.21bil) in the form of syariah-compliant French Single Investor Ijarah facility to fund the purchase of 8 new aircraft. The Ijarah facility features [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1492&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/04/04/no-frills-airline-airasia-turn-to-islamic-finance-for-aircraft-financing/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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			<media:title type="html">redboxsingercumtraveler</media:title>
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		<item>
		<title>Fitch cuts Kuwait&#8217;s KFH, warns it may act again</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/04/04/fitch-cuts-kuwaits-kfh-warns-it-may-act-again/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/04/04/fitch-cuts-kuwaits-kfh-warns-it-may-act-again/#comments</comments>
		<pubDate>Fri, 03 Apr 2009 17:24:46 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Fitch]]></category>
		<category><![CDATA[KFH]]></category>
		<category><![CDATA[Ratings]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1488</guid>
		<description><![CDATA[Points of Essence:

The giant of the Middle East is cooled down by a downgrade from Fitch.  Attributed by its heavy exposures to the Kuwaiti troubled investment companies as well as the political standoff in the state owned banking conglomerate had its impact on the future growth of the bank. Fitch is watching this development with [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1488&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/04/04/fitch-cuts-kuwaits-kfh-warns-it-may-act-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">redboxsingercumtraveler</media:title>
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		<item>
		<title>New areas needed to boost portfolio</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/03/31/new-areas-needed-to-boost-portfolio/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/03/31/new-areas-needed-to-boost-portfolio/#comments</comments>
		<pubDate>Tue, 31 Mar 2009 13:30:50 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[Articles]]></category>
		<category><![CDATA[Inno]]></category>
		<category><![CDATA[Islamic Banking]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1484</guid>
		<description><![CDATA[Points of Essence: 

The Islamic financial industry is urged to venture out for new areas of business to sustain growth in the current challenging economic climate . Islamic banks should try out foreign currency business deals via licensed ICBU vehicles as well as delve into the property development and car businesses. The Star Biz has [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1484&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/03/31/new-areas-needed-to-boost-portfolio/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">redboxsingercumtraveler</media:title>
		</media:content>

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		<item>
		<title>Malaysia: Islamic Banking Should Be Most Important Agenda For Government</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/03/28/malaysia-islamic-banking-should-be-most-important-agenda-for-government/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/03/28/malaysia-islamic-banking-should-be-most-important-agenda-for-government/#comments</comments>
		<pubDate>Sat, 28 Mar 2009 10:43:58 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Islamic Finance]]></category>
		<category><![CDATA[Malaysia]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1481</guid>
		<description><![CDATA[Points of Essence: 

The Government is urged to tap Islamic banking as an energy capacity tool in future. With the current pool of the talents in the area, the agenda will be seamlessly carried out.  But it is cautioned against the advances of other countries in promoting Islamic finance which may overshadow the Government&#8217;s existing [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1481&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/03/28/malaysia-islamic-banking-should-be-most-important-agenda-for-government/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
		<media:content url="" medium="image">
			<media:title type="html">redboxsingercumtraveler</media:title>
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		<item>
		<title>UBS appoints Dr. Armen V. Papazian as Head of Islamic Finance</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/03/23/ubs-appoints-dr-armen-v-papazian-as-head-of-islamic-finance/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/03/23/ubs-appoints-dr-armen-v-papazian-as-head-of-islamic-finance/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 12:32:48 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[Human Talent]]></category>
		<category><![CDATA[Islamic Financial Institutions]]></category>
		<category><![CDATA[New Appointment]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1479</guid>
		<description><![CDATA[Points of Essence:

UBS announced new head for its Islamic banking unit to confirm the firm commitment as the leading Islamic financial services provider. Dr. Armen V. Papazian was previously with Dubai based DIFX. Ame Info has the report. 

UBS today announces that it has appointed Dr. Armen V. Papazian as Head of Islamic Finance based [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1479&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">redboxsingercumtraveler</media:title>
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		<media:content url="http://www.ameinfo.com/images/news/5/75005-UBS_pic.jpg" medium="image">
			<media:title type="html">Dr. Armen V. Papazian.</media:title>
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		<item>
		<title>Malaysian bourse to launch Islamic platform in June</title>
		<link>http://islamicfinanceupdates.wordpress.com/2009/03/10/malaysian-bourse-to-launch-islamic-platform-in-june/</link>
		<comments>http://islamicfinanceupdates.wordpress.com/2009/03/10/malaysian-bourse-to-launch-islamic-platform-in-june/#comments</comments>
		<pubDate>Tue, 10 Mar 2009 05:27:45 +0000</pubDate>
		<dc:creator>Suapi Shaffaii</dc:creator>
				<category><![CDATA[General Issue]]></category>
		<category><![CDATA[Bursa Malaysia]]></category>
		<category><![CDATA[Commodity Murabaha House]]></category>
		<category><![CDATA[Malaysia]]></category>

		<guid isPermaLink="false">http://islamicfinanceupdates.wordpress.com/?p=1475</guid>
		<description><![CDATA[Points of Essence:

Malaysia&#8217;s stock exchange created the Commodity Murabaha House system to facilitate commodity murabaha transactions by Islamic institutions. With  a market worth more than $100b, the platform looks set to accommodate the structure of financing which reflects real economic activities. This is amid the reservations from scholarly institutions on its validity. The Financial24 has [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=islamicfinanceupdates.wordpress.com&blog=4046274&post=1475&subd=islamicfinanceupdates&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://islamicfinanceupdates.wordpress.com/2009/03/10/malaysian-bourse-to-launch-islamic-platform-in-june/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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