Turkey’s Islamic banks may need more capital to fund growth, says Fitch report
State-run Islamic banks in Turkey may need more capital support, according to a Fitch Ratings report. “Further capital injections…
Islamic Finance
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QIB the first bank in Qatar to implement Face ID for mobile app
Qatar Islamic Bank, has introduced facial recognition capabilities, Face ID, in its iOS and Android Mobile App, making it the…
Islamic finance is becoming so attractive that even non-Muslims want in
Islamic finance has traditionally been dominated by Muslim-majority countries in the Middle East and Southeast Asia. Now much of the…
Takaful Emarat agrees to buy Al Hilal Takaful to form the UAE's largest Islamic insurer
Sharia-compliant health and life insurer Takaful Emarat has acquired Abu Dhabi-headquartered Al Hilal Bank's Islamic insurance entity to create the…
Alizz Islamic Bank CEO wins Best Arab CEO award
Commending his vision for Oman’s Islamic banking industry, Salaam bin Said al Shaksy, CEO of Alizz Islamic Bank, was honoured…
Ithmaar Bank's retail banking subsidiary Faysal Bank Limited reports net profit of $36.3 million
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL), has…
Islamic finance plays larger role in sustaining economic growth
With Islamic finance assets growing 7% to $ 2.2 trillion in 2016, and projected to reach $3.8 trillion by 2022,…
AGB wins number of Islamic Business and Finance Awards
Three banking units of Al Baraka Banking Group B.S.C., the leading Islamic banking group based in Bahrain, won the Islamic…
English high court confirms that sharia non compliance will not affect the enforceability of an english law agreement in an islamic finance structure
The Financial List in the English High Court has considered the preliminary issue of the validity and enforceability of an…
Faysal Bank logs $36.3m net profit
ITHMAAR Bank, a Bahrain-based Islamic retail bank, announced Wednesday that its retail banking subsidiary in Pakistan, Faysal Bank Limited (FBL),…
Interest in Islamic finance growing, says QCB Governor
The Islamic finance industry has grown considerably over the past decade to become one of the fastest growing financial systems…
Kuwait cbank gov to helm IFSB chairmanship – Bangladesh's Kabir appointed as deputy
The Council of the Islamic Financial Services Board today resolved to appoint its Chairman and Deputy Chairman for the year…