Growing Islamic finance firms lobby Britain for tax relief
Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant…
Islamic Finance
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Masraf Al Rayan, Barwa Bank, IBQ call off merger plan
Masraf Al Rayan, Barwa Bank and International Bank of Qatar (IBQ) have called off their proposed three-way merger that otherwise…
Banks and Cryptocurrencies Global Evaluation: The Middle East
Arab markets were flooded with new investors in April after an Islamic scholar announced cryptocurrency is halal under Sharia law.…
Islamic finance industry assets surpass $2tn-mark
The new Islamic Financial Services Industry Stability Report 2018 released by the Islamic Financial Services Board (IFSB) in Kuala Lumpur…
Kuwait Central Bank directs banks to provide investment data on quarterly basis
The Central Bank of Kuwait has issued a circular for banks operating in accordance with Islamic Shari’a, requesting them to…
Abu Dhabi Islamic Bank Funds $32.2 Million Deal Of A UK Property
Abu Dhabi Islamic Bank UK, has arranged and structured a Sharia’a-compliant transaction to finance the acquisition of Lateral House, located…
ADIB named world's best Islamic Bank by FT's The Banker Magazine
ADIB, a leading financial institution, has won the title of World’s Best Islamic Bank’ in The Banker Magazine’s awards for…
Islamic Bank of Afghanistan signs MoU with DMCC
The collaboration will enable the Islamic Bank of Afghanistan to carry out Shari'ah-compliant Murabahah transactions using Dubai Multi Commodities Centre’s …
New UAE sukuk regulations will help issuance of Islamic bonds, Fitch says
The new sukuk regulations issued by the UAE market regulator, the Securities and Commodities Authority, will bolster Islamic bond sales,…
Alizz Islamic Bank Promotes Omanis to Senior Positions
Alizz Islamic Bank has announced the promotions of several of its employees to senior management positions. Chief operating officer,…
QIB wins The Banker’s ‘Islamic Bank of the Year — Qatar’ award for 6th consecutive year
Qatar Islamic Bank has received the ‘Islamic Bank of the Year – Qatar’ award by The Banker for the year…
Lombard Odier launches Shari'ah-compliant investment offering
Lombard Odier has launched of a full suite of Shari'ah-compliant investment solutions, the first in its 222-year history. Lombard…