Islamic banks assets hit RO 808 million
The starting of Islamic banking in the Sultanate is an important development and now the country boast of two full-fledged…
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Commercial Bank of Qatar Financial Results for the quarter ended 31 March 2014
Commercial Bank of Qatar ("Commercial Bank" or "the Bank") today announced its financial results for the quarter ended 31 March…
SunGard Survey Reveals Concerns That Testing of Financial Services Infrastructure Is Inadequate
As the technology infrastructure relied upon by financial services firms to carry out their day-to-day operations becomes increasingly complex, a…
HSBC's Oman unit posts 46 pct Q1 profit slump
HSBC Bank Oman, an affiliate of HSBC Holdings, posted a 46 percent slump in net profit in the first quarter,…
Swicorp assigns Shariyah Review Bureau as Shari’ah advisor to supervise Islamic fund
Daniel Schenker, Swicorp CEO, said, "Al Dhahawi Fund is the first in a series of Shari’ah compliant Fund’s which we…
Dubai Financial Market takes its show on the road to London
Dubai Financial Market and Nasdaq Dubai are bringing representatives of their 14 biggest companies to the biggest market in the…
Arab banks see Middle East opportunities as some global banks scale back
Big Arab banks with money to spend are expanding across the Middle East in markets such as Egypt and Iraq,…
Sahara hotels in London, New York attract Gulf billionaires
Sahara's luxury hotels in London and New York are drawing interest from Gulf billionaires. The Al Thani's, members of…
SCA board okays rules on sukuk, bondsa
The Securities and Commodities Authority has approved regulations for sukuk and corporate bonds, a step which will pave the way…
Al Hilal Bank launches fund to invest in global equities and sukuk
New offering aimed at emulating bank’s GCC Equity Fund’s impressive return of 55.89% since inception. Al Hilal Bank has…
Dubai sovereign debt pushed up to $54.8bn but ‘stabilising’
The Dubai government’s recent sukuk sale has pushed up sovereign debt to US$54.8 billion but general indebtedness is “stabilising”, says…
KFH wins Best Islamic Bank in Kuwait, Middle East award by Emea Finance
The popular Emea Finance Magazine has awarded Kuwait Finance House Best Islamic Bank in Kuwait, Best Islamic Bank in Middle…