Saudi's Al Rajhi Bank posts 11 pc quarterly profit drop
Al Rajhi Bank, Saudi Arabia's second-largest lender, posted an 11 per cent drop in its first-quarter net profit, it said…
Islamic Finance
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Emirates Islamic Bank to Open Branches in Morocco
Speaking to Arab-speaking Emirati newspaper Al Ittihad, EIB’s CEO, Jamal Bin Ghalaita, said the bank is planning to explore the…
Dubai’s Noor Bank May Sell Debut Sukuk After Setting Up $3bn Programme
Noor Bank may conduct a benchmark-sized sukuk issue after setting up a $3 billion Islamic bond programme, the Dubai-based lender…
Qatari banks, Southwest Securities plan Islamic finance venture in China
Two Qatari banks and Chinese brokerage Southwest Securities signed a memorandum of understanding on Tuesday to establish a company handling…
Barwa Bank net profit up by 41.5 per cent in 2014
Customer deposits stood at QAR 21.9 billion at the end of the year from QAR 21.2 billion in the 2013,…
Credit Agricole's Islamic bank co-head Rahman departs – statement
Credit Agricole's global co-head of Islamic banking, Saad Rahman, has left the French lender, it said on Monday. Hicham…
KFH-Bahrain, Gulf Air seal partnership deal
Kuwait Finance House-Bahrain has signed a strategic partnership agreement with the national carrier Gulf Air under which its customers can…
Islamic finance growing rapidly: Sheikh Khalid
Prominent Qatari entrepreneur and chairman of Ezdan Holding Group, Sheikh Dr Khalid bin Thani al-Thani, has said the Islamic finance…
The Gulf Bond and Sukuk Association Highlights Debt Capital Market Opportunities for Private Sector
The Gulf Bond and Sukuk Association, the trade association representing the Arabian Gulf fixed income market, held a debt capital…
Global Takaful premium to reach $20 billion by 2017
The significant premium growth in the global takaful [Islamic insurance] sector is expected to continue and reach $20 billion by…
QIB Receives "Best Islamic Bank in Qatar" Award from Islamic Finance News
Qatar Islamic Bank has been awarded a prestigious accolade from Islamic Finance News: "Best Islamic Bank in Qatar", based on…
Entry of Dubai based bank stirs up Sharia banking
Dubai Islamic Bank is set open operations in Kenya, in what could be the start for Gulf-based lenders scouting for…