Suriname's top diplomat promotes economic diplomacy in Saudi Arabia
Suriname’s new foreign minister, Neirmala Badrising, took the opportunity of the gathering of Arab and South America countries in Riyadh,…
Islamic Finance
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Kuwait's Boubyan Bank says studying capital-boosting sukuk issue
Kuwait's Boubyan Bank, a unit of National Bank of Kuwait, said it was in the preliminary stages of studying the…
Experts should develop smart Islamic microfinance, says IDB President
The President of the Islamic Development Bank Group, Dr. Ahmad Mohamed Ali has called on experts in Islamic finance to…
Commercial Bank of Dubai Bond Issue indicates strong investor interest
Following a road show, in Abu Dhabi, Dubai, Singapore, Hong Kong and London, strong investor interest and positive feedback on…
Islamic Insurance: A New Partnership Between Dubai and London
Dubai successfully hosted the first international conference on Islamic insurance in early November organized by the Islamic Insurance Association of…
IMF to include Islamic finance in surveillance -Lagarde
The International Monetary Fund will include Islamic finance in its monitoring of financial sectors around the world, IMF Managing Director…
Liquidity Management Centre announces a net profit of USD3.2 million
Liquidity Management Centre has announced a 7.6% annualized return on share capital for the Third Quarter Ended 30th September 2015…
Bahrain central bank aims for centralised sharia board by year-end
Bahrain's financial regulator plans to establish by the end of this year a central sharia board of scholars that will…
Ithmaar Bank announces results, reports continued growth
Ithmaar Bank has announced a total net profit of US$11.4 million for the nine-month period ended 30 September 2015, compared…
Dubai Chamber workshop demystifies technical aspects of Islamic finance transactions
Dubai Chamber of Commerce and Industry in association with Allen & Overy LLP law firm organised a workshop entitled “Structuring…
Lack of instruments a challenge for GCC Islamic banking industry: IMF
The inadequate availability of Sharia'a-compliant financial instruments is a challenge for the GCC Islamic banking industry, leading to excess liquidity…
Kuwait financial regulator opens door for more sukuk issues
Kuwait's financial regulator has released rules covering issuance of Islamic bonds in a move that could facilitate sales of sukuk…