GFH clarifies market speculation on a merger with SHUAA Capital
SHUAA Capital’s stock price recorded an 18 per cent surge earlier this week on the back of a news report…
Islamic Finance
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JPMorgan, HSBC, Citigroup Said to Be Hired on Saudi Dollar Sukuk
Saudi Arabia hired Citigroup Inc., JPMorgan Chase & Co. and HSBC Holdings Plc as global coordinators on its international Islamic…
KFH wins 3 awards from EmeaFinance
The prestigious EmeaFinance Magazine has awarded Kuwait Finance House Best Islamic Bank in Kuwait, Best local Bank and Best product…
Asar plays key role in Equate's debut sukuk programme
Al Ruwayeh & Partners, one of the most prominent corporate law firms in Kuwait, said it has played a major…
Boubyan Bank posts KD 41 mln in '16 profits
Boubyan Bank achieved net profit growth rate of 17 percent, recording a net profit of KD 41 Million for the…
Al Salam Bank inks exclusive deal with Gulf Air
Al Salam Bank-Bahrain, a pioneering Shari’a-compliant bank in the Kingdom, said it has signed an agreement with national carrier Gulf…
No mergers likely in UAE’s Islamic banking industry
Noor Bank chief executive officer Hussain Al Qemzi has ruled out possibilities of any possible mergers in the UAE’s Islamic…
UAE’s Sharjah Islamic Bank says plans convertible sukuk issue
Sharjah Islamic Bank plans to issue convertible sukuk equivalent to 10 per cent of the lender’s capital, it said on…
Bank Muscat’s sukuk issue expected this month
An Islamic bond issue to raise OMR23-30 million, which is the first tranche of Meethaq’s OMR100 million-sukuk programme, will be…
UAB announces new Board member
Sharjah-based United Arab Bank (UAB) has announced the appointment of Joseph Abraham to the bank’s board, subject to endorsement by…
Saudi said to plan domestic sukuk issue to boost market
Saudi Arabia is planning a sale of Islamic bonds in riyals to local institutions this year to help boost the…
Demand rises for education in Islamic finance
Jeroen Tap, an energy contracts manager for the Benelux region at Dow Chemicals, acknowledges that he is among the “less…