Oman's United Finance to mull merger with Bank Nizwa
Oman's United Finance Co said on Wednesday that Bank Nizwa had approached it with a proposal for a strategic merger.…
Islamic Finance
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Banks stand firm despite fall in oil prices: KPMG
Qatar’s listed banks continued to grow in 2014, despite declining oil prices. The banking sector witnessed robust asset growth;…
RAM Ratings assigns AA3 preliminary rating to Kuveyt Turk's MYR Sukuk
Kuveyt Türk is the largest Islamic bank in Turkey, with an asset base of TRY 30 billion as at end-June…
Al-Nahedh: 2014 Financial Results Match KFH Vision and Set Plans
"Financial results achieved by KFH for the year 2014 have, by the grace of Allah, matched KFH vision and set…
Abu Dhabi Islamic Bank plans subordinated sukuk in Malaysia
Abu Dhabi Islamic Bank, the emirate's largest sharia-compliant bank, plans to issue capital-boosting Islamic bonds in Malaysia, its first foray…
Global Sukuk issuances to reach $145 billion in 2015
The National Bank of Abu Dhabi, the Middle East’s leading bank, and CNBC, the leading business and financial news network,…
Kuwait's KFH rejects Investment Dar's debt-for-assets plan
Kuwait Finance House, the Gulf state's largest sharia-compliant bank by assets, said it had rejected a debt-for-assets deal proposed to…
ADIB wins award for Emiratisation for third time
Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, has received the “Human Resource Development Award” for 2014 from…
Shuaa unit eyes Saudi leasing market
Gulf Finance Corp, a wholly owned subsidiary of Dubai's Shuaa Capital, has obtaining a new operating licence from Saudi Arabian…
Bank Asya Seizure Hastens Turkey’s Islamic Finance Drive
Turkey’s takeover of Bank Asya is making the government an even bigger player in the Islamic finance industry, just as…
IIFM promotes Islamic alternative to repo
The International Islamic Financial Market’s Master Collateralised Murabahah (MCM) Agreement is a viable Islamic alternative to repo, according to speakers…
Gulf Finance Corporation obtains SAMA license in Saudi Arabia
The new license issued by SAMA (the “Saudi Arabian Monetary Agency”) allows Gulf Finance Corporation to officially practice in three…