Alkhabeer Capital revenue up 66 pc
Alkhabeer Capital announced its financial results, whereby the annual report for the fiscal year ended 2012 revealed that the company…
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Dubai Islamic Bank to boost capital through sukuk sale
Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, plans to boost its capital through a sharia-compliant debt instrument,…
Profit Shortfall Slows Shariah Bank Expansion
Islamic banks say their small scale and a lack of risk-management products makes it harder for them to compete, after…
$audi prince blasts Forbes
Saudi Arabia’s Prince Alwaleed jumped three spots on Forbes’ richest list, to No. 26, with an estimated $20 billion fortune,…
AAOIFI wins Islamic finance industry award
Accounting and Auditing Organization for Islamic Financial Institutions has been given the award for Most Outstanding Standard Setting Body by…
Ambitious funding plans by Qatar bank
al khaliji yesterday revealed that net profit after tax stood at QR512.2m as of December 31, 2012, 5.2 percent higher…
Brooklands promotes execs to Mideast biz development role
Brooklands Pensions, the UK- and Dubai-based pensions administrator, has promoted Bernie Saker to business development director and named Matt Tailford…
Op-Ed: Can Islamic Finance save us from the Banksters?
The governments of the world lurch from crisis to crisis as they try to prop up the corrupt, debt-based money…
Investec, Absa face bankers’ bonus cap
Absa and Investec look set to have their remuneration policies radically overhauled after last week’s EU agreement to cap bankers’…
Barclays Sees Middle East Fee Rebound as Region Escapes Cuts
Barclays Plc, which is cutting 3,700 jobs as it reduces costs by $2.6 billion a year, said it plans further…
Advent Software Achieves Double Recognition at Inaugural MENA Fund Manager Fund Services Awards
Advent Software has announced that it has been recognized as the “Best Fund Accounting and Reporting Software Provider” and the…
Billionaire Seeks Sukuk for Istanbul Finance Hub
Agaoglu Group, a Turkish company with interests in the building industry, energy and tourism, plans to raise $2 billion in…