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Shamil Bank honors Advanced Islamic Finance Diploma graduates | Shamil Bank of Bahrain   Monday, August 04 - 2008 AME Info - the ultimate Middle school finance vocabulary search East business resource AME Info - Arabic Version Index : Company News : Ithmaar Bank : Shamil Bank of Bahrain Browse related articles Next article » Shamil Bank honors Advanced Islamic Finance Diploma graduates Shamil Bank, a leading Bahrain-based Islamic commercial ge capital car finance and investment bank and a wholly-owned subsidiary of Ithmaar Bank, honored seven finance companies texas -directory -guide -jobs of its employees who have successfully completed the Advanced Islamic Finance Diploma administered by the Bahrain Institute of Banking and Finance (BIBF). Bahrain: Saturday, August 02 - 2008 at 14:46 PRESS RELEASE Shamil Bank Deputy Chief Executive, Ahmed Abdul Rahim (center) with the recent graduates. sponsored link What is a sponsored TextLink? related stories   Shamil Bank of Bahrain RSS feed Shamil Bank honors staff Shamil Bank hosts summer training programme for Bahraini students Shamil Bank delegation meets with 'Shamil Bosphorus Modaraba' investors Elaf Bank and Shamil Bank of Bahrain announce the closing of a Murabaha facility for the Shamil Bosphorus Modaraba Shamil Bank announces $24.4m net profit » more Shamil Bank of Bahrain news Shamil Bank Deputy Chief Executive, Ahmed Abdul Rahim, congratulated the recent graduates: 'Shamil Bank is very proud of its Bahraini employees, the management has always believed that training defense finance center and development is an essential component to stimulating our employees' growth which will ensure long- term fulfilling careers in the banking industry. Through continuously upgrading our employees' skills and equipping them with the most up to date banking and finance knowledge we are able to provide Shamil Bank customers with a superior, positive banking experience.' The finance atv following Shamil Bank employees received the Advanced Islamic Finance Diploma from the BIBF: Eman Abdulwadood Al Awadhi, Banking Operation Department, Ghadeer Mohammed Al Ammadi, Banking Operation Department, Faisal Mohammed Fankheer, Retail Banking Department, Farhan N. Khawaja, Investment Banking Department. During the same award ceremony Ismail AbdulSamad Al Awadhi from the Shari'a Supervisory Unit was awarded for successfully completing the Certified Shari'a Advisor & Auditor program administered by the (AAIOFI) and Rashid Fikri Abu Odeh, Financial Institution Department for completing the Treasury Capital Market Diploma administered by the BIBF. Current paradign finance rating: 10% Recommendation Not recommended at all Not recommended Somewhat recommended Moderately recommended Recommended Recommended Highly recommended Highly recommended Very highly recommended Must read Readers' recommendation This press release is not rated by enough users ARTICLE OPTIONS Add to Watchlist Save E-mail Print PDF ADD ARTICLE TO Facebook del.icio.us Digg Log in to request more information from Shamil Bank of Bahrain » ohio public finance Shamil prayer for finance Bank of Bahrain company profile Related site: http://www.shamilbank.net Notes and media contacts About Shamil Bank Shamil Bank is a Bahrain-based Islamic retail bank licensed and regulated by the Central Bank of Bahrain, with commercial and investment banking activities. It has grown steadily to become one of Bahrain's leading financial institutions. Shamil Bank provides a diverse range of products and services that cater to the financing and investment needs of individuals and institutions. Conducting its business in compliance with the principles of Sharia'a, it operates a network of local branches and maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies. Shamil Bank is a wholly owned subsidiary of Ithmaar Bank BSC, a full service investment bank. About Ithmaar banking group The Ithmaar banking group consists of: Ithmaar Bank, Shamil Bank, Solidarity (an Islamic insurance company), Faisal Private Bank (Switzerland), Faysal Bank Limited (Pakistan), First Leasing Bank and Ithmaar Development Company. The group's services, including investment, private, retail, and commercial banking, private equity, mergers & acquisition advice, takaful, american general finance in marion leasing, and real estate development, form a 360 degrees value chain that embraces naf employee finance center the entire spectrum of banking and financial services. For further information, please contact Sharaf Khawaja, Director, PR and Corporate Communications, Ithmaar Banking Group +973 36777009 Posted by Eman Hassan Saturday, August 02 - 2008 at 14:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited. Index : Company News : Ithmaar Bank : Shamil Bank of Bahrain Browse related articles Next article » Today's most read articles: » Dubai Properties hires Thinkscape for interactive marketing media » X SAT assigned as official ThurayaIP service provider » Lootah Applied Academy inks agreement with TKM, Kerala » Arab Banking posts $71m net loss » Australian red meat Q2 Mideast sales soar by 22% Most read articles the past week: » Dubai rental increases soar » Emirates A380 in pictures » ge consumer finance Emirates ts finance department nls initiative cisco A380 first class » First Airbus A380 enters Emirates fleet » Amlak sells off apartments Disclaimer: Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. 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Chrysler renews credit facilities but cuts amount - Yahoo! News Primary Navigation Home U.S. Business World Entertainment Sports Tech Politics Elections Science Health Most Popular Secondary Navigation Business Video U.S. Economy Stock Markets Earnings Opinion Personal Finance Press Releases Search: All News Yahoo! News Only News Photos Video/Audio Advanced Chrysler renews credit facilities but cuts amount Sun

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Aug 3, 9:24 PM ET NEW YORK (Reuters) - Chrysler LLC's finance arm said on Sunday it had renewed its credit facilities, but had reduced the amount to $24 billion from $30 billion due to tough credit markets and changes in its retail strategy. Chrysler Financial said 90 percent of all banks that were part of the original financing participated. Citigroup (C.N), JPMorgan Chase (JPM.N) and Royal Bank of Scotland (RBS.L), led the syndication of the loan facilities. Chrysler Financial will use the credit facility as a source of funding to make loans to Chrysler dealers financing inventories of unsold vehicles in showrooms and to make loans to consumers financing vehicle purchases. Those personal budget finance software loans are then typically bundled up and sold to investors in the asset-backed securities market. Last month, Chrysler, which is majority-owned by private equity firm Cerberus Capital Management (CBS.UL), said the financing arm would stop offering vehicle leases. On Friday, the auto maker said the decision to suspend lease financing, a risky form of vehicle financing that has saddled Chrysler's U.S. rivals with large losses, had been a positive move in negotiations with mitsubishi electronics finance its bank syndicate. Chrysler did not specify the interest rate it was paying on the financing. But the Wall Street Journal reported that the company would pay interest rates of 1.1 percentage points to 2.25 percentage points finance systems of green bay over business finance broker Libor on different parts of the funding, compared to 0.3 percentage point to 0.5 percentage point over Libor on the facilities raised a year ago. Chrysler Chief Financial Officer Ron Kolka said on Friday the financing cost would be higher because of the tighter credit markets. Chrysler Financial spokesman Bill Porter said $24 billion raised in the refinancing was sufficient because of the company's decision to abandon lease financing. In lease financing deals, automakers and affiliated finance companies essentially rent cars and trucks to consumers, typically for terms of about three years. The setup allows consumers to buy bigger and more expensive vehicles than they would otherwise because it keeps monthly payments low, sometimes at rates subsidized by the automakers. But the sharp decline in the popularity of SUVs and trucks in recent months has exposed the risk of lease financing for automakers, who have been forced to sell vehicles coming off lease for as much as 25 percent less than they had forecast. The result in recent months has been losses of thousands of dollars for every SUV and truck sold on a lease contract. Chrysler, which is only liable for the finance terminology leases it wrote in the year since it was purchased from Daimler AG (DAIGn.DE) by american general finance in florida Cerberus, was the first major automaker to pull away from florida obama finance vehicle financing. Like its larger competitors General Motors Corp (GM.N) and Ford finance chart Motor Co (F.N), Chrysler has faced scrutiny over its ability to ride out a downturn in U.S. auto sales that many analysts expect to stretch through 2009. GM has said it expects to cut its lease financing by about half, to near 9 percent of sales. Ford has said it will take steps

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to limit its risks from lease financing through steps that will finance careers make the option more expensive for consumers. All three U.S. automakers have been hit hard by the sharp decline in sales of pickup trucks, SUVs and vans finance investment money shares stocks commodity that followed canton finance the rise in president of chase home finance llc gas prices this year. Chrysler sales are down 23 percent through the first seven months of the year. The company, which has released limited financial data since going private american general finance california a year ago, said last week it ended June with $11.7 billion in cash and had earnings before interest, minnesota transportation finance bill fh2800 tax, depreciation and amortization of $1.1 billion in the first half of the year. Chrysler officials said those figures were a sign of strength given the pressure on the U.S. auto industry, now in its third year of declining sales. (Reporting by Paritosh Bansal and Kevin Krolicki in Detroit, editing by Martin Golan & Kim Coghill) Email Story IM Story Printable georgia phd finance program View RECOMMEND THIS STORY Recommend It: Not at All Somewhat Moderately Highly Very Highly Average (Not Rated) » Recommended Stories Business News Humana reports slight drop in 2Q earnings AP Oil steady near $125 on Gulf of Mexico storm AP US stocks head for slightly lower open AP Fed likely to hold rates steady amid crosscurrents AP Abbott faces more litigation over AIDS national finance center indianapolis drug AP Most Viewed - Business Oil steady near $125 on Gulf of Mexico storm AP Bear Stearns' Cayne was near death in September: report Reuters S&P emails slammed mortgage debt products: report Reuters Abbott faces more litigation over AIDS drug AP Verizon, unions extend contract negotiations AP Business Video Businesses abuse payroll taxes CNN - Sun Aug 3, 8:02 AM ET Pain and no gain at city of sacramento finance GM Reuters - Fri Aug 1, 6:35 PM ET Economy Woes Across the Country ABC News - Sat Aug 2, 8:02 PM ET Investing for College and Retirement FOXBusiness - Fri Aug 1, 6:51 PM ET Reuters Photo: The Chrysler LLC logo is seen during a news conference at Chrysler Headquarters in Auburn... Slideshow: Chrysler Business Video Businesses abuse payroll taxes CNN Pain and no gain at GM Reuters » All news video News Search Related Searches: Cerberus Capital Management Chrysler Financial Royal Bank of Scotland JPMorgan Chase RELATED QUOTES C 18.87 0.00 F 4.65 0.00 GM 10.23 0.00 JPM 40.76 0.00 RBS 4.37 0.00 Delayed Data Providers -

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Disclaimer Yahoo! lake tennessee owner finance News Topic Pages Get in-depth coverage on topics such as oil and gas bonnie betts finance and Wal-Mart. Elsewhere on the Web FOXBusiness: Telegraaf Media Lower On Forced ProSiebenSat Stake Buy Time.com: cbp finance indianapolis smith Making Capitalism More Creative USATODAY.com: First Monday: What's on tap for the business world in August Good Morning Yahoo! 1 man, 1 day, 100 skydives Play Speed-jumping feat is all for a good cause See today's talked-about videos Yahoo! Tech Buying a laptop? Read reviews and

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compare prices at Yahoo! Tech before you buy. ADVERTISEMENT Blockbuster Video Free 2-week trial! Free delivery, no late fees, return in-store or mail! Start today. NEWS ALERTS Get an alert when there are new stories about: Chrysler Financial spokesman Cerberus Capital Management Chrysler Financial Royal Bank of Scotland JPMorgan Chase » More alerts Yahoo! - My Yahoo! - Mail Search: All News Yahoo! News Only News Photos Video/Audio Advanced Primary Navigation Home U.S Business World Entertainment Sports Tech Politics Science Health Travel Most Popular Odd News Opinion Copyright © 2008 Reuters Limited. All owner finance house rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not neils finance plaza be liable for any errors or delays in the content, or for any actions taken in reliance thereon.