Oxford Business Group launches 2015 economic report on Dubai
Dubai's recovery from the global financial crisis of the late 2000s and its preparations for the 2020 Expo are just…
Islamic Finance
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Noor Bank Annual Profit Jumps to Record
Noor Bank has reported a record net profit of AED678.1 million for 2014, marking a 166% from the year ended…
Jordan Islamic Bank posts net profit of $63.6m
Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported 2014 net profit of BD45.1 million ($63.6 million),…
Egypt's Arab Investment Bank and IDB unit launch leasing firm
The Islamic Corporation for the Development of the Private Sector, the private sector arm of the Islamic Development Bank Group,…
Un-Islamic clients of Islamic banks
International and national studies indicate that corruption is very common in Turkey. A social reflection of that issue is the…
Warba Bank participates in US $ 155 million syndicated Facility for UAE's Ajman Bank
Warba Bank has announced it provided US $ 25 million as part of a US $ 155 million Syndicated Islamic…
KFH-Bahrain Sells 3100 Residential Units from Diyar Al-Muharrq to Ministry of Housing for BD 276 mln
Diyar Al-Muharraq, a subsidiary of Kuwait Finance House Bahrain, and the Ministry of Housing signed a major agreement, under which…
Islamic banking assets to exceed $778 billion
According to EY's World Islamic Banking Competitiveness Report 2014-15: Participation Banking 2.0, Islamic banking assets with commercial banks in international…
Bank Nizwa named 'Best Islamic Bank' In Oman for spearheading industry awareness
Bank Nizwa has been named 'Best Islamic Bank' in Oman at the 6th annual Islamic Finance Awards 2015, organized by…
Islamic banks to gain access to UAE central bank's Sharia-compliant lending facility
The Central Bank of the UAE has expanded its collateral range by broadening access to its Sharia-compliant short-term lending facility,…
DIFC highlights the role of international financial centres in economic growth at City Week 2015
Dubai International Financial Centre (DIFC) concluded its participation at the annual City Week forumin London underpinning its status as a…
Jordan’s sukuk market looking set for take-off
The Islamic debt market in Jordan is set to capitalise on growing worldwide interest in sukuk (sharia-compliant bonds) after long-awaited…