A new society tasked with fostering improved understanding of Shariah-compliant finance has held its first event, with participants discussing whether Islamic banking presents an opportunity for ‘ethical capitalism’. The Oxford University Islamic Banking and Finance Society (IBFS) has been established to help finance professionals explore alternative approaches to investment and asset management. It will provide a platform for Islamic banking practitioners to network and forge links with students at Oxford University who aspire to a career in one of the fastest growing sectors of the financial services industry. The IBFS is co-sponsored by London-based Gatehouse Bank, a Shariah-compliant inv
Lembaga Tabung Haji, the Malaysian Hajj pilgrims fund board, in partnership with Gatehouse Bank plc, a Shariah compliant investment bank based in the City of London, has completed the £75,750,000 million acquisition of Unilever’s UK and Ireland headquarters office in the UK. By undertaking a corporate purchase the transaction provides the Malaysian sovereign fund a net initial yield of 6.18%. Gatehouse acted as Investment and Shariah Adviser for the deal, which marks Tabung Haji’s third investment into the UK real estate market and is a key part of its wider global investment strategy. Lembaga Tabung Haji’s first UK asset acquisition was 10 Queens Street Place in November, 2012 also advised
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