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),…
Islamic Finance
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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…
Al Baraka Banking Group overhauls Islamic core banking systems with iMAL
Path Solutions signed a strategic partnership agreement to revamp the bank’s core technology platforms in four locations with a shared…
Bank Aljazira Wins 'Best Islamic Retail Bank' for Second Time
Bank AlJazira for the second time celebrates a new award added to its series of consecutive success and achievements, by…
GCC’s higher funding needs to boost sukuk issuance from the region
Gulf Cooperation Council (GCC) countries’ higher borrowing needs are expected drive higher sukuk issuance in the near term from the…
National Bank Of Fujairah Joins Nasdaq Dubai Murabaha
NBF is the first conventional bank to join the Islamic financing platform Move underlines NBF’s commitment to providing an enhanced…
GFH plans to develop ‘one of the key land banks in the region’
GFH Financial Group, the Bahraini Sharia-compliant investment house, is drawing up a development strategy for a 25 million square metre…
Bahrain banks to set up dedicated R&D fintech firm
A trio of Bahraini banks has announced plans to establish a company dedicated to research and development in the sharia-compliant…
Al Baraka named best performer in Bahrain
Al Baraka Bank has been recognised as the ‘Best Performing Islamic Bank’ in Bahrain during the 24th World Islamic Banking…
24th World Islamic Banking Conf. kicks off in Bahrain
The 24th edition of The World Islamic Banking Conference, the largest and most prestigious gathering of Islamic banking and finance…
Islamic banks should embrace, not fear, disruption from fintech
Until a few years ago, Islamic banking was booming. With annual growth rates of 15 per cent or more in…