Islamic finance industry hampered by global economic conditions
Global economic volatilities, consistently low oil prices and reduced demand for credit are among the factors that currently weigh on…
Islamic Finance
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Ithmaar Bank sustains profits in first half ’17
ITHMAAR Bank B.S.C., a Bahrain-based Islamic retail bank and a wholly-owned subsidiary of Ithmaar Holding, reported Sunday a net profit…
Foursan Group enlists SRB to manage PE fund
Foursan Group, a leading Mena private equity investor, has enlisted Shariyah Review Bureau for reviewing, certifying and supervising its private…
UAE Islamic banks expected to report better profits in 2017
Profitability metrics of UAE based Islamic banks are expected to improve this year with lower financing impairment charges, however, profits…
Jordan approaches banks for dollar bond or sukuk issue- sources
The government of Jordan has asked banks to submit proposals to arrange a U.S. dollar conventional or Islamic bond issue,…
Bank Nizwa takes top award for social responsibility
Recognizing its dedication to developing the communities it serves, Bank Nizwa received the prestigious ‘Excellence in CSR in Islamic Finance’…
Why conventional insurance will outpace takaful in the GCC
Overall premium growth in conventional insurance will fare better than the Islamic insurance segment, or takaful, this year, according to…
Warba Bank acquires ‘Ultris’ beach apartments in Virginia
Warba bank continues to reinforce its strategy which primarily aims to position the Bank as the Islamic corporate and investment…
Halal Expo Dubai, Salaam Gateway to attract foreign investment
Halal Expo Dubai, the largest and most comprehensive business-to-business (B2B) halal exposition in the Middle East, and Salaam Gateway have…
Participatory Finance: Bank Al Tamweel wa Al Inma to Launch Activities by September 2017
Bank Al Tamweel wa Al Inma, the participatory bank and joint venture between BMCE Bank of Africa and the Bahraini…
KFH wins ‘Best Consumer Digital Bank in the Middle East 2017’
Kuwait Finance House won “Best Consumer Digital Bank in the Middle East 2017” Award from Global Finance Magazine. Regional…
UAE reports resilience in takaful premium growth
Despite the general decline premium growth across the GCC in 2016, the takaful sector in the UAE showed the most…