Customer deposits surge at Oman Islamic banks
Oman's two full-fledged Islamic banks have yet to post a profit but their customer deposits are surging, increasing pressure on…
Islamic Finance
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Dubai's DIB posts 33.9% jump in Q1 net profit
Dubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, reported a 33.9 percent increase in first-quarter net profit on…
Some banks win, some lose in Dubai's "Islamic economy"
Dubai's drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed,…
Australia's Waratah Resources to launch Islamic commodities venture
Sydney-based Waratah Resources Limited plans to launch an Islamic commodities trading business as it shifts focus from Asian markets to…
Turkey's Alkhair Capital plans expansion, eyes Islamic bond advisory
Turkish Islamic asset manager Alkhair Capital plans to launch new funds this year and will start a service to advise…
Islamic ETFs adding potential to portfolios
Triggered by rapidly growing demand for Islamic financial instruments, Shariah-compliant exchange-traded funds (Islamic ETFs, or iETFs) are beginning to add…
Dubai Islamic Bank Group 1st Quarter 2015 Financial Results
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by…
Albaraka Turk closes $268 million syndicated Murabaha financing
The bank said in a statement to the Istanbul Bourse that ABC Islamic Bank, Emirates NBD Capital, Kuwait International Bank,…
Iran capital market regulator plans new products as foreigners eye entry
Iran's capital market regulator plans to develop new Islamic debt products and is exploring ways to establish a credit rating…
QIB profit jumps 19%
QIB has posted a first-quarter net profit of QR400mn, up 19% on the same period in 2014. The…
Dubai to Host The Future Of Banking Forum Event
Dubai International Financial Centre is preparing to host The Future of Banking, an event bringing together industry leaders from across…
Oman: Bank Nizwa chief executive highlights Islamic banking potential
Bank Nizwa participated in the College of Banking and Financial Studies (CBFS) Symposium, discussing the emerging challenges and future growth…