Feb

Introductory Synopsis for Nomination in the 6th Middle East Insurance Forum
U(MEIF) Feb. 7-8, 2010 in Bahrain

SALAMA - Islamic Arab Insurance Co. (PSC), one of the leading Islamic insurance (Takaful) companies in the Middle East, has won the Best Takaful Provider Award for 2009 from Global Finance Magazine - the leading international financial publication headquartered in New York.

Apr

Liquidation of Massa portfolio

LABUAN, MALAYSIA --- "RUSD Investment Bank Inc. has successfully closed the RUSD Al Massa Real Estate portfolio. It was established back in 2005 in accordance with Islamic shariah law for financing in real estate project in central area of makkah mukarrama through Musharaka and Mudaraba model. The portfolio has generated net annualized returns of 23.63% on maturity date as at end of April 2010".