Saudi Arabia takes second chance to attract foreign capital
After a disappointing response to the opening up of market since June last year, Saudi Arabia, the biggest regional equity…
Islamic Finance
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Omani banking sector 'resilient', says Central Bank
Despite the challenges facing the economy, the banking sector remained resilient supporting economic diversification initiatives and credit needs, the Central…
Abu Dhabi Islamic Bank says H1 net profit climb 33% in Egypt
Abu Dhabi Islamic Bank (ADIB) reported Thursday a 33 percent y-o-y rise in first half net profit in Egypt to…
KFH-Turkey closes H1 2016 with a profit of 256 million TL
Kuwait Finance House- Turkey has closed the first half of 2016 with a net profit to TL 256 million with…
Path Solutions wins Corporate Vision’s 2016 Technology Innovator Award for Best Islamic Core Banking System Provider
Path Solutions, the premier provider of Islamic banking software solutions and services, is pleased to announce that it has been…
Former Arabtec chief Hasan Ismaik plans to take Abu Dhabi investment group Marya public
The Marya Group, which is chaired by the former chief executive of construction firm Arabtec, plans to seek a listing…
Maisarah Introduces Contract Financing Product for Businesses
With its continued dedication and focus to enrich the customer's experience for its corporate customers, Maisarah Islamic Banking Services…
Kazakhstan bank enlists SRB for Sharia services
Kazakhstan’s Zaman Bank has enlisted Shariyah Review Bureau to deliver a new set of Sharia compliant financial experiences to retail…
United Arab Emirates: Applicability and legal entitlement to interest under UAE law
When pursuing a debt, it is common to add a claim for interest on the monies due. However, the right…
Al Salam Bank-Bahrain reports H1 net profit down seven per cent
Al Salam Bank-Bahrain reported H1 net profit of BHD 8.38 million, down 7.2 per cent from BHD 9.034 million a…
Dubai Islamic Bank keeps up to guidance and expectations despite tough operating conditions
Dubai Islamic Bank is one of the few UAE banks that continue to report strong profits despite the squeeze on…
Abu Dhabi National Takaful Co. announces net profit up 70 per cent for H1 2016
The company announced a net profit of AED 30.3 Million for the period ended 30th of June 2016, compared to…