QIIB gets ‘best bank’ award
The leading Islamic bank QIIB has won the award for the “Best Qatari bank in the banking and financial sector”…
Islamic Finance
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Saudi Arabia to foster sukuk market as stocks open to foreigners
Opening its US$568 billion stock exchange to foreigners for the first time may be the push Saudi Arabia needs…
Al Baraka Banking Group net profit hits $69m in Q1
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced a net profit of US$ 69…
BLME Holdings appointment new CEO
BLME Holdings has announced the appointment of Michael Williams as interim CEO of BLME Holdings plc and of its main…
aafaq Islamic Finance wins three honors
aafaq Islamic Finance, a leading UAE-based Shari'a compliant financial institution, bagged three major honors at the 2015 Annual Awards held…
Ithmaar Bank reports profit for the First Quarter of 2015
Ithmaar Bank , a Bahrain-based Islamic retail bank, reported today a net profit of US$7.62 million for the first quarter…
Al Yusr Islamic opens branch in Nizwa
To reach out to the largest number of customers in the Sultanate, Al Yusr Islamic Banking of Oman Arab Bank,…
Oman announces OMR200 million debut sovereign sukuk issue
Oman government officially announced the much-awaited maiden sovereign Sukuk issue of OMR200 million. The sovereign Sukuk issue will be…
Sukuk industry: SABIC’s pioneering role in spotlight
The tenth edition of Euromoney Saudi Arabia conference concluded here on Wednesday, with a firm belief that multisectoral reforms to…
We are reviewing our options regarding KFH-Malaysia
Kuwait Finance House (KFH) announced that within the restructuring of its investment portfolio, the Board of Directors is considering options…
Abdulrahman al-Nabit is new head of QIB’s Tamayuz Banking
Qatar Islamic Bank has appointed Abdulrahman al-Nabit as its new head of Tamayuz Banking, QIB Group CEO Bassel Gamal said.…
Innovations in Islamic Finance 2015: Balancing innovation and integrity
It’s an industry where asset growth regularly nudges 20% a year, but one that has been all but abandoned by…