Words of Wisdom - the Editor

Peace.
Got busy with a new project. So couldn’t add more news. Although I came across a fine article by a brother on the history and future of Islamic Banking. I was surprised to know that Islamic banking had beginnings in 1975. Wow. That’s almost as early as my birth. And I guess if there are enough like minded people any idea is bound to grow. I too used to wonder if I can invest without plunging into interest based transactions.

UK I noticed is taking some fine initiatives to promote Shariah Finance. Also came across a western brother or atleast who calls Muslims his brothers and sisters but laughs cynically at the DOW Islamic index as 'bending backwards' to accommodate those guys who have four wives and cut of peoples hands. O well some people just don't get it, do they?

Wednesday, May 28, 2008

World class hospital worth $200m on schedule to open in Al Barsha 2009

The Islamic Finance Company and Bait Al Batterjee Holding announced today that the Saudi German Hospital’s construction works have been completed.

The Saudi German Hospital - Dubai, a project undertaken by the Emirates Healthcare Development Company, is the result of a strategic joint venture between the Islamic Finance Company, that hold a 49% ownership stake and the Saudi Bait Al Batterjee Holding that hold the remaining 51% ownership stake.

Given the recent completion of the Saudi German Hospital’s infrastructure, the Emirates Healthcare Development Company is now in the process of procuring state-of-the-art medical equipment and supplies, at a cost of $40m, to prepare for the official opening of the hospital.

The Saudi German Hospital is being constructed on 90,000 square meters in Al Barsha. It will open in 2009 and will provide approximately 1500 employment opportunities. Sub-specialty departments inside the General Hospital will include; pediatrics, spinal cord surgery, open-heart surgery, a woman’s hospital, ophthalmology and an internal medicine department. The hospital aims to provide the best medical services in the U.A.E.
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