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…
Islamic Finance
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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…
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…
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…