Islamic economy chief calls on banks to help SMEs
Start-ups and small businesses are the lifeblood of any economy, and the UAE has been trying to encourage more entrepreneurs…
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Kuwait's KFH says waiting on approval to hire new CEO
Kuwait Finance House is awaiting regulatory approval to hire the former head of consumer banking at National Bank of Kuwait…
Bahrain's Gulf Finance House Q2 net profit jumps 252 pct
Bahrain's Gulf Finance House reported a 252 percent increase in second-quarter net profit on Wednesday. The firm, which suffered heavily…
aafaq – Islamic Finance Company and MENACORP sign strategic partnership
aafaq - Islamic Finance Company, a UAE-based leading Shari'a-compliant financial services group and MENACORP, the UAE's leading investment bank, have…
Not all sukuk are created equal, IMF study finds
Investors treat a company's shares differently depending on the specific types of Islamic bond it issues and the reputation of…
Takaful reports Q2 net profits
Takaful Emarat Insurance reported on Tuesday net profits of Dh1.08 million for the second quarter of this year, marking an…
Dubai Islamic Bank Pakistan names Sharia head
The Dubai Islamic Bank Pakistan has appointed Mufti Muhammad Hassan Kaleem as the bank’s new country head of Sharia. …
Bahrain’s Ithmaar recieves best bank branch award
Ithmaar Bank’s main branch won the coveted Best Branch Award for the first quarter of 2014. The award was…
Bahrain's GFH says to list $200m sukuk on NASDAQ Dubai
Bahrain-based Gulf Finance House (GFH) said on Tuesday it plans to list its $200 million sukuk on NASDAQ Dubai. …
Arab Banking Corp net profit rises 22%
Arab Banking Corporation (ABC) Tuesday announced that its consolidated group net profit for the first half of 2014 was $…
UAE’s Al Etihad Credit Bureau will begin operations next month
The UAE’s nascent credit bureau will begin operations next month to help banks assess the ability of clients to pay…
Standard Chartered blames lower profits to margin compression
Standard Chartered Bank on Tuesday attributed decline in its UAE profits to heightened competition and margin compression in all major…