Bahraini lender eyes piece of Kenya’s Islamic banking
Bahrain’s third largest Islamic bank Al Baraka Banking Group says it is mulling over expanding operations into Kenya as it…
Islamic Finance
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Abu Dhabi Islamic Bank sets initial price guidance for perpetual sukuk
Abu Dhabi Islamic Bank, the largest sharia-compliant lender in Abu Dhabi, has given an initial price guidance in the region…
Burgan Bank can take advantage of new business opportunities with capital increase
The bank set the subscription period between 20 September and 10 October and plans to issue 240,581,530 new shares at…
ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors
The International Islamic Trade Finance Corporation has announced the signing of two new Agreements between ITFC & the Government of…
Abu Dhabi banks report over $4.5bn income in H1
The net income of commercial and Islamic banks operating in Abu Dhabi amounted to Dh16.6 billion ($4.51 billion) during H1…
Bahrain Islamic Bank wins Most Innovative Islamic Bank for 2018
Bahrain Islamic Bank has emerged as the winner of the prestigious ‘Most Innovative Islamic Bank Award’ for the year 2018…
Wahed Invest robo-adviser expands with new Islamic index funds
New York-based Wahed Invest has launched two sharia compliant index-tracking funds under its robo-adviser platform, as the firm looks to…
Kuwait’s Warba Bank obtains capital increase approval from CMA
Kuwait-based Warba Bank has announced that it obtained Capital Market Authority’s (CMA) approval to increase its capital by 50 per…
Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike
The sale of Islamic bonds in the Gulf fell in the first half of 2018 as increasing oil prices lessened…
Bahrain Islamic Bank inks Fontana Project finance deal
Bahrain Islamic Bank (BisB) said it has signed a joint venture agreement with Royal Ambassador Property Management, a real estate…
Sukuk issuance to reach $100bn in 2018: Moody’s
Global sukuk issuance is expected to reach $90-$100 billion in 2018, in line with 2017 levels, says Moody's Investors Service…
Bahrain Islamic Bank Announces Its Partnership With Royal Ambassador Property Management
Bahrain Islamic Bank (BisB) has signed a joint venture agreement with Royal Ambassador Property Management, a real estate property management…