QIB names board members for 2017-19
QIB annual general meeting has selected the following board members for the period 2017-2019, after the withdrawal of two board…
Islamic Finance
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Qatar Islamic Bank gets nod to raise AT1 Capital Sukuk limit
Qatar Islamic Bank’s ordinary general assembly has given approval to increase the limit of the perpetual Sukuk from QR5bn to…
Proposed three-way merger would be beneficial for Qatari Banks
The merger is currently at due diligence stage and will be subject to approval by the relevant authorities and the…
CBB Sukuk Al-Salam securities subscribed
Subscriptions worth BD 43 million were received for the BD 43 million issue, which carries a maturity of 91 days.…
NBK Capital acts as global coordinator for EQUATE Sukuk
Watani Investment Co K.S.C.C., NBK Capital acted as Global Coordinator and Joint Arranger in the establishment of Equate Sukuk SPC…
Warba Bank inks deal with Al-Mulla Co
Warba Bank has announced that an agreement has been concluded with Al-Mulla International Financing Company by which the bank will…
Oman's Bank Nizwa appoints Khalid Al Kayed as new CEO
The Board of Directors of Bank Nizwa, Oman’s first Islamic Bank, announced the appointment of Khalid Al Kayed as its…
Bank Nizwa appoints Khalid Al Kayed as new CEO
Khalid Al Kayed has been appointed as Bank Nizwa’s new Chief Executive Officer. Al Kayed, in his new role…
Old rules, new opportunities
As the global Islamic finance market grows at an impressive pace, offshore financial centres are increasingly in demand to help…
Dubai expected to issue dollar bond this quarter- sources
The emirate of Dubai is expected to issue a U.S. dollar bond by the end of the first quarter, though…
Saudi's Al Rajhi Bank eyes corporate banking business growth
Al Rajhi Bank , Saudi Arabia's second-biggest bank by assets, aims to take advantage of opportunities arising from the country's…
Fitch: The outlook for Islamic banks
Fitch Ratings expects the profitability of Indonesia’s Islamic banks to remain sluggish due to strong competition from conventional peers, weak…