Ithmaar Bank shareholders approve new group structure plans
Shareholders with Ithmaar Bank, an Islamic retail bank based in Bahrain, recently approved of the new group structure plans that…
Islamic Finance
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Industry leaders from across the Middle East and Asia gather to address how the Islamic finance industry can respond to headwinds and refresh the vision for Islamic finance
Focusing on a fresh approach as to how industry leaders from across the key markets of the Middle East and…
Iran paves way for corporates with lease-based Islamic bonds
Iran's Ministry of Finance has issued 5 trillion rials ($145 million at the free market exchange rate) of lease-based Islamic…
Government of Iran issues Sukuk al Ijarah, banking relations normalising
The issue marks the first use by the Government of Iran of such bonds. Previously, in September 2015, another…
Path Solution joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions
Path Solutions is happy to announce that it has joined CIBAFI, the General Council for Islamic Banks and Financial Institutions…
Qatar First Bank reports a net income of QAR 66 million in 2015
Qatar First Bank, Qatar's leading Shari'ah compliant bank, Authorized by QFC Regulatory authority, offering investment opportunities and innovative financial solutions…
Alizz Islamic Bank AGM elects New board
Alizz islamic bank held its third annual general meeting for 2015 on Tuesday. The meeting, presided over by H…
Finance footprint across Asian Markets offers an opportunity to respond to headwinds
At the end of 2013, Islamic banking and Islamic bonds or Sukuk in Asia had made up 49 per cent…
Bank Nizwa Elects New Board Of Directors During Third Annual General Meeting
Bank Nizwa's Shareholders, Board of Directors and Executives recently came together for the third Annual General Meeting. The AGM…
Chairman, board member leave Bahrain's First Energy Bank-sources
The chairman of Bahrain-based First Energy Bank, Khadem al-Qubaisi, and board member Mohamed al-Husseiny have left the bank, with a…
Bahrain's Ithmaar Bank sets up new structure to drive growth
Shareholders of Ithmaar Bank, a Bahrain-based Islamic bank, on Monday approved plans for a new group structure designed to develop…
Jordan to issue Islamic sukuk worth JD250m
An issue of Islamic sukuk worth around JD250 million is expected in the second quarter of 2016, Central Bank of…