Central Bank of Kuwait issue new Shari'ah governance guidelines
His Excellency, the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al Hashel announced that the CBK Board…
Islamic Finance
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Bank Nizwa named ‘Best Performing Islamic Bank in Oman’ for the second year in a row
Reflecting its position as the Sultanate’s leading Islamic financial institution, Bank Nizwa was named the ‘Best Performing Islamic Bank in…
Meydan Group secures Dh1b financing from Adib
The master-developer Meydan Group has secured a Dh1 billion financing from Abu Dhabi Islamic Bank that would go to part-finance…
Emirates Islamic fosters innovation in Islamic Finance
The bank recently organised an ‘Innovation Day’ where various internal teams shared and showcased their innovations with working prototypes, to…
KFH Capital acquires office tower in US for $165 million
KFH Capital Investment Co, a subsidiary of Kuwait Finance House Group KFH Group, has announced the successful acquisition of an…
Islamic Development Bank finances developmental projects worth $863 mn
The Islamic Development Bank has approved finances worth US$863 million for developmental projects in a number of member countries during…
Islamic finance boom calls for increase in trained personnel
In the fast-growing industry of Islamic finance, the lack of specialized, trained human capital in the field continued to be…
Meethaq Sharia’a Board reviews performance and growth strategy
Bank Muscat’s board of directors and the Meethaq Sharia’a Supervisory Board led by respective chairmen Shaikh Khalid bin Mustahail al…
Arab Islamic Takaful insurance firm launched
A new Takaful insurance firm has been launched as a Kuwaiti joint stock close company with capital worth KD 5…
Dubai's Shuaa buys stake in Bahrain's Khaleeji Commercial Bank
Dubai's Shuaa Capital bought a 14.01 percent stake in Bahrain's Khaleeji Commercial Bank on Sunday for 9.56 million dinars ($25.4…
Noor Al-Iraq Islamic Bank goes live on ICS BANKS® ISLAMIC from ICS Financial Systems
ICS Financial Systems Limited, the global software and services provider for banks and financial institutions, Today announced a successful…
Kuwait’s central bank fine-tunes governance of Islamic banks
Kuwait’s central bank has issued new governance rules for Islamic banks, including requirements for external sharia audits, as regulators seek…