Ibdar bank reports profits
Bahrain-based wholesale Islamic Investment bank, Ibdar Bank, has reported US$1.01 million in net profit for the year ended December 31,…
Islamic Finance
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New Islamic start-up incubator launched in Dubai
Dubai Airport Freezone Authority has partnered with Dubai Islamic Economy Development Centre and venture firm Technolera to launch a new…
Achieving innovation in Islamic Economy
The previous edition of the International Innovative Platform for Islamic Economy Products coincided with the announcement of UAE Innovation Week.…
Dubai Islamic Bank Kenya head-hunts for senior managers
Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after…
New Islamic economy products unveiled in Dubai
Three new and unique solutions were launched in Dubai Wednesday at the 3rd Session: International Innovative Platform for Islamic Economy…
Jump in Islamic tax liabilities worries Saudi banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings…
Dubai Islamic Bank boosts emirate's sukuk listings to over $53bn
Dubai Islamic Bank the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on…
Al Baraka Banking Group receives international awards
Al Baraka Banking Group B.S.C. and four of its subsidiary banking units received the Best Islamic Financial Institution Award of…
Emirates Islamic wins ‘most improved branches’ award
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, won the ‘Most Improved Branches’ award at the…
QIB gets nod to raise limit of its sukuk plan to $4bn
Qatar Islamic Bank’s annual general assembly has approved the board of director’s recommendation to increase the limit of the QIB…
Maisarah sets up sukuk programme
In demonstration of its contribution to the growth of the Islamic capital markets in Oman, Maisarah Islamic Banking Services of…
The 'black magic' bank heist
One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic…