UAE bank ADIB says shareholders back $137 mln rights issue, sukuk plans
Shareholders of Abu Dhabi Islamic Bank have approved plans to raise 504 million dirhams ($137.22 million) of share capital through…
Islamic Finance
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Alternative Islamic opportunities on the rise
Guidance Financial Group specialises in the development and management of alternative investment solutions in the asset classes such as real…
UAE bank postpones loan payments during Ramadan
Abu Dhabi Islamic Bank has announced that it will be postponing monthly repayment instalments for personal and auto finance customers…
Bahrain cbank reviews financial sector skills gap study
A comprehensive skills gap study of the financial services industry in Bahrain has been done by the Human Resources Development…
Dubai Islamic Economy Development Centre supports a study on Digital Islamic Services landscape
Deloitte and Noor Telecom, a Kuwait-based, Sharia-compliant closed-shareholding company, have collaborated with Dubai Islamic Economy Development Center (DIEDC) for the…
Will Kuwait need Shari'ah board for Islamic banks?
The wide growth and expansion of Islamic Finance have imposed a challenge for economic decision makers worldwide, especially central banks,…
Tejar Dubai signs MoU with Emirates Islamic to support Emirati entrepreneurs
Dubai Chamber of Commerce and Industry initiative, Tejar Dubai entrepreneurship development programme, signed a Memorandum of Understanding (MoU) with Emirates…
Largest aircraft leasing deal in Saudi Airlines history underway
International Airfinance Corporation has appointed Quantum Investment Bank Ltd and Palma Capital Limited both DIFC based and regulated by the…
Ithmaar Bank committed to working closely with Bahrain and Kuwait authorities
Ithmaar Bank B.S.C. (stock code "ITHMR") is a Bahrain-based Islamic retail bank that is licensed and regulated by the Central…
Bahrain Islamic Bank Appoints Mr. Hassan Ameen Jarrar
The Board of Director of Bahrain Islamic Bank has announced the appointment of Mr. Hassan Ameen Jarrar as Chief Executive…
OAB’s Islamic banking arm gets nod for new products
New products and services that Al Yusr, the Islamic banking arm of Oman Arab Bank,will launch have been reviewed and…
World Bank's IFC plans sukuk sale after Gulf summe
The International Finance Corp (IFC), the World Bank's lender to the private sector, has started work on a return to…