Dubai: Damac's Q1 2016 net profit slumps 15%
Dubai-based luxury real estate developer Damac Properties reported a drop in its net profits for the first quarter of 2016.…
Islamic Finance
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Lamborghini Financial Services Launches in UAE
Lamborghini Financial Services has launched in the UAE, providing clients with the opportunity to fund their new Lamborghini through the…
UAE cabinet approves creation of central Islamic finance authority
The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards…
Khaleeji Commercial Bank announces excellent financial results
Khaleeji Commercial Bank, one of Bahrain's leading Islamic retail banks, announced excellent financial results for the first quarter of 2016…
Shariyah Review Bureau joins AAOIFI to sponsor the 25th Anniversary Conference
Shariyah Review Bureau (SRB), a worldwide Sharia Advisory services provider of specialized Sharia Review, Certifications and Sharia Audit, today announced…
Islamic finance’s entry into gold market could send price soaring
On the outlook for new investment opportunities, the rapidly growing Islamic finance industry has set sight on the gold market…
Qatar's Ezdan mandates banks for planned $2 bln sukuk
Qatar's Ezdan Holding has mandated HSBC and Dubai-based Mashreq as joint global coordinators for its planned $2 billion sukuk programme,…
UAE Looks Forward To ‘New Horizons’ Of Relations With Qatar
The UAE and Qatar can look forward to “new horizons” of cooperation, Sheikh Abdullah bin Zayed, Minister of Foreign Affairs…
ADS Securities Launches First Ever Arabic Trading App
ADS Securities, the Abu Dhabi based international financial services firm, has launched the first ever multi-asset smartphone trading application with…
Turkey central bank promotes head of markets to deputy governor -sources
Turkey's central bank will promote the head of its markets division to the position of deputy governor, officials told Reuters…
Jordan Islamic Bank posts profits after tax of US$ 16.5m
Jordan Islamic Bank, a subsidiary of Al Baraka Banking Group, posted a profit after tax of about US$ 16.5 million…
Boubyan Bank obtains approval for up to $250 m sukuk issuance
Boubyan Bank announced that it has completed all the regulatory approvals to issue and market sukuk to strengthen its capital…