ADIB to hold EGM to vote on capital raising proposal
Abu Dhabi Islamic Bank will hold an extraordinary general meeting on 21st June to vote on a proposal to raise…
Islamic Finance
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Abu Dhabi Islamic Bank seeks to expand Tier 1 sukuk programme
Abu Dhabi Islamic Bank will ask shareholders for permission to expand its existing Tier 1 sukuk programme to $3 billion…
Al Rajhi Bank Selects Diebold's Technology To Drive Branch Automation Strategy
Al Rajhi Bank, one of the largest Islamic banks in the world, has selected Diebold's technology to migrate transactions from…
Indonesia, Turkey, IDB to form sharia infrastructure megabank
Indonesia is prepared to contribute at least $300 million to a new Islamic infrastructure bank that the Southeast Asian nation…
Ethical Finance Innovation Challenge & Awards returns for third year
Each year the list gets longer: the biggest banks admitting guilt in LIBOR rigging, FX rigging, money laundering and other…
Bigger may not be better for Financial Centres
Chief Economist for Bahrain Economic Development Board Dr Jarmo Kotilaine stated globalisation of Islamic finance is a work in progress.…
UAE banks discuss plan for centralised Islamic finance board
The United Arab Emirates' bank industry association has discussed a proposal to create a centralised sharia board that would monitor…
NBAD named 'Rising Star Emerging Markets House'
The National Bank of Abu Dhabi (NBAD) has been named the 'Rising Star Emerging Markets House' by Global Capital magazine,…
UAE Banks Federation appoints independent agency to monitor Code of Conduct compliance
The UAE Banks Federation, a professional representative body representing 50 member banks operating in the UAE, has approved the appointment…
Oman's Bank Sohar launches $250 mln 3-yr debut loan – statement
Oman's Bank Sohar has invited banks to participate in a $250 million debut loan to fund its general business activities,…
IILM Re-Issues 3 Month Sukuk
Short term Sukuk rated A-1 by Standard and Poor’s Rating Services have been issued by the International Islamic Liquidity Management.…
BIBF-DinarStandard to launch key programme
Bahrain Institute of Banking and Finance (BIBF), in partnership with DinarStandard, is launching the world's first training programme on the…