Islamic banking around the world is booming
WHEN a Muslim cleric told Ahmad Salim that sharia law forbids paying interest, he returned his days-old loan to the…
Islamic Finance
6034 articles found
UAE Banks Federation honours H.E. Sultan Al Suwaidi
H.E. AbdulAziz Al Ghurair, said, “I would like to place on record our gratitude to a man who has shaped…
Identity crisis for Islamic finance
Islamic finance is flourishing as corporate and retail demand booms, but some question whether the industry is abandoning the values…
Treasury puts faith in $500m Islamic debt
Those who work with the sharia-compliant products say this is just the beginning of Islamic finance offerings in South Africa.…
Noor Bank wins Citi's STP Award for second consecutive year
Noor Bank has been awarded the Citi ‘Straight Through Processing (STP) Excellence Award’ for 2013 for outstanding service related to…
Barwa Bank net profit rises by 43% in the third quarter of 2014
Barwa Bank , Qatar's fastest growing Shari'ah compliant banking service provider, has announced its financial results for the third quarter…
Islamic finance body AAOIFI to revise four standards, eyes sukuk
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first…
Is Green Sukuk a Viable Option for Clean Energy Initiatives in the GCC?
A number of GCC governments, including those in the UAE and Saudi Arabia, have set ambitious clean energy and energy…
Dubai Aviation Corp launches $500 mln 5-yr sukuk
Dubai Aviation Corp, known as flydubai, has launched a $500 million five-year sukuk at the tight end of its previously-marketed…
FAAIF Introduces the Dubai World Islamic Finance Arbitration Center in Europe
Camille Paldi, CEO of FAAIF introduces a proposal for a dispute resolution mechanism for the Islamic finance industry, namely, DWIFAC,…
Commercial Bank of Kuwait appoints Mahfouz as CEO
Kuwait's Central Bank has approved the appointment of Elham Yousri Mahfouz as chief executive officer of Commercial Bank of Kuwait,…
Urgent need for training bankers in Islamic finance
With Islamic finance and Islamic financial products growing popular worldwide, there is an urgent need for training bankers in IF…