DHAKA, June 27 (Reuters) – The Jeddah-based Islamic Development Bank (IDB) has approved a $130 million to Bangladesh to build its first offshore floating oil platform in the sea off Chittagong, a senior finance ministry official said on Sunday. See more here: Bangladesh gets $130 mln loan for offshore oil platform

MANAMA: Bahrain will host a key Islamic banking forum with Senegal tomorrow. SYM International Finance Corporation is organising the event in co-operation with the Senegalese government. See the article here: Senegal to showcase Islamic banking potential

BAKU, June 26 (MNA) The Iranian minister of economic affairs and finance said the Islamic economic system is a paradigm to base international business on and offered solutions to the global crisis by restructuring the financial order. Read the original here: Tehran offers solutions to global crisis at IDB meeting

PETALING JAYA: Kuwait Finance House Malaysia Bhd (KFH) has set up a credit control department for the purpose of remedial management of its non-performing financing (NPF) level, which, as at September 2009, stood at 6.72%. Continue reading here: 6. KFH sets up department to control bad finances

KUALA LUMPUR: Bank Negara has ordered syariah banks to give borrowers a rebate for early settlement under new rules designed to prevent legal disputes and restore confidence in Islamic financing contracts. Go here to see the original: 10. Bank Negara: Islamic financing rebate is mandatory

KUALA LUMPUR: Bank Negara has ordered syariah banks to give borrowers a rebate for early settlement under new rules designed to prevent legal disputes and restore confidence in Islamic financing contracts. See more here: 8. Bank Negara: Islamic financing rebate is mandatory