Takaful remains challenged sector within Islamic finance industry
While Islamic banking and investments are on a solid path to form competitive ecosystems within the global finance industry, that…
Islamic Finance
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Central Bank of Iran Assigns Sukuk Trading to Capital Market
The Central Bank of Iran has finally stepped in and put a stop to the trading of the so-called Sakhab…
Local demand for Shariah-compliant funds rising, says QInvest
QINVEST has announced that the market is witnessing a surge in demand for Sharia’a compliant funds. Conventional investors also…
Meethaq crosses RO1bn milestone in assets
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, announced it has reached a key business growth milestone,…
KFH–Bahrain Honors Employees With Fursan Baytik Award
Bahrain has honored three new employees under the ‘Fursan Baytik’ Employee Recognition programme in recognition of their outstanding achievements and…
Bank Nizwa Leads Banking Sector Growth Rate With 200 Percent Surge in H1 2017
Bank Nizwa achieved the highest growth rate in Oman’s banking industry reaching 200% after tax during the first half of…
DGCX to Launch Region's First Sharia Compliant Spot Gold Contract
The Dubai Gold & Commodities Exchange and Ayedh Dejem Group have agreed to develop and launch the Middle East’s first-ever…
DAFZA issues guide on ‘Dubai: The Global Gateway to Halal Industries’
The Dubai Airport Freezone Authority recently issued a comprehensive halal industries guide as part of its initiatives to contribute to…
Rs110m embezzlement case against banks’ staff filed
The Khyber Pakhtunkhwa Ehtesab Commission on Thursday filed a reference against former managing director of Dubai Islamic Bank and other…
Merger set to create largest takaful firm
The entire business of Solidarity General Takaful is proposed to be transferred to Al Ahlia Insurance Company, which is also…
Dubai's Noor Bank cuts dozens of jobs -sources
Dubai-based Noor Bank has laid off several dozen employees, banking sources told Reuters on Tuesday, the latest lender to adjust…
Islamic finance and SRI share a lot of common ground
In the last two decades, Islamic finance and socially responsible investment (SRI) have been among the fastest growing areas within…