Bahrain eyes external sharia audits for Islamic banks
Bahrain's Waqf Fund, a non-profit body set up by the central bank, has proposed mandatory external sharia audits for Islamic…
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Bank Dhofar Wins Global Award for Excellence in BPM and Workflow
Newgen Software has announced that its client Bank Dhofar has been recognized for its exemplary implementation of Newgen's BPM platform…
6 reasons why Dubai's real estate boom is on the money
Dubai is experiencing a sound and balanced cyclical economic upswing and the real estate growth not being Dubai reminiscent of…
KAMCO's AUM growth at 20%
KAMCO, announces its financial results for the year ending on 31 December 2013.KAMCO posted a Net Profit of KD 3.02…
Nedbank sees opportunities in inclusive private banking
If you thought private banking is meant only for those who have a few of millions of dollars to spare,…
Bank Muscat’s sukuk issue seen by September
The proposed sukuk issue of Bank Muscat, which is going to be the first Islamic bond or sukuk issue of…
Over half of Saudi customers have complete trust in their financial services provider
Customers in KSA have a high degree of trust in their primary financial service providers (PFSP), higher than seen globally,…
‘KIB’ Receives Best Islamic Bank Award
Kuwait International Bank “KIB” added a new achievement and honor to its track record after receiving Best Islamic Bank 2014…
GCC and Levant banks warned against complacency on capital requirements ahead of Basel III
GCC and Levant banks could face massive capital shortfalls because of tighter capital requirements if they do not manage their…
ADIB wins Best UAE Islamic Bank Award for the fifth year running
Abu Dhabi Islamic Bank, a top-tier financial institution, has been awarded Best Islamic Bank in the UAE for the fifth…
Saudi Arabia to Sell stake in the country’s largest lender
The Saudi government’s decision to sell part of its stake in the country’s largest lender in an initial public offering…
Kempinski, Citibank in 'partnership' deal
Citibank Bahrain and Kempinski Grand & Ixir Hotel at Bahrain City Centre have signed a deal to provide multiple privileges…