Ibdar Bank H1 revenues up 51pc to $11m
Bahrain-based Ibdar Bank, a wholesale Islamic investment bank, has reported total revenues of $11.1 million during the first half of…
Islamic Finance
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Our vision is to become the best bank in the region
Abdul Hakeem Omar al Ojaili, acting CEO of BankDhofar, says that the bank applies cutting-edge technology, introduces state-of-the-art banking solutions,…
Saudi Hollandi Bank introduces "Ready Cash"
Saudi Hollandi Bank has launched Ready Cash, a first-of-its-kind Shariah compliant product in the kingdom that will give the Bank's customers…
Ibdar Bank revenues up 51 per cent for first half of 2015
Ibdar Bank, the Bahrain based wholesale Islamic investment bank, has announced its financial results for the first half of…
Al Baraka raises net income by five per cent for H1 2015
Commenting on these results, H.E Sheikh Saleh Abdullah Kamel, Chairman of Al Baraka Banking Group , said "The unstable political…
Takaful takes 13 per cent of Egyptian insurance market
Figures published by the Egyptian Financial Services Authority show that life insurance premiums (new and existing) of Takaful insurance companies…
Seychelles Bank turning Sharia-compliant
Seychelles-based BMI Offshore Bank, partly owned by BMI Bank Bahrain, is being converted into a Sharia-compliant bank, it has emerged.…
Al Baraka Turk Katilim Bankasi A.S. Turkey US$ 400,000,000 Syndicated Murabaha Financing Facility
AlBaraka Turk Katılım Bankası A.S. has mandated ABC Islamic Bank, Barwa Bank QSC, Dubai Islamic Bank PJSC, Emirates NBD Capital…
BankDhofar Receives Prestigious STP Award
In recognition of its outstanding performance in the execution of commercial and financial payments in U.S. Dollar, BankDhofar has received…
Noor Bank reports increase in profit by 26 percent to AED 272 Million for H1, 2015
Noor Bank today reported record net profits of AED 272 million for the first six months of the current year…
'Innovation 4 Impact' Competition aims to monetize Islamic economy
The competition, which opened applications on June 29,is hosted by Dubai Silicon Oasis Authority and the Dubai Islamic Economy Development…
NCB closes Tier I sukuk of 2b Saudi riyals
The National Commercial Bank said on Wednesday it successfully issued subordinated Additional Tier I capital Sukuk of 2 billion Saudi…