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…
Islamic Finance
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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…
Ibdar Bank exits Bahrain Sakan Development
Ibdar Bank the Bahrain-based Islamic wholesale investment bank has announced the successful exit from its 30 million construction arm Sakan…
Central Bank of the UAE speaks with Islamic Business & Finance
H.E. Saeed Abdulla Al Hamiz, Assistant Governor, Banking Supervisions, Central Bank of the UAE speaks with Islamic Business & Finance…
Barwa Bank total assets up by 16%
Driving healthy growth and diversification across its portfolio of products and services, Barwa Bank, Qatar's most progressive Shari'ah compliant service…
International Monetary Fund increases MENA presence
The IMF has increased its presence in the Middle East and North Africa, having announced on 30 July that the…