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
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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…
Iraq Islamic banks held back by lack of regulation-experts
Islamic banking operations account for 1.5% of total assets of Iraqi banks and could rise to 6% in the next…
NBAD Islamic MENA Growth Fund Named Best Islamic Fund
The NBAD Islamic MENA Growth Fund has been named the Best Islamic Fund 2014 by Global Islamic Finance Awards. …
Ethica Wins Islamic Finance Awards at UK's Global Banking and Finance Review
The Global Banking and Finance Review in the UK announced that Ethica Institute of Islamic Finance in Dubai wins the…
Turkish Bank’s Star Fades Amid Political Spat
Twelve months ago, Asya Katilim Bankasi AS was riding high. A rapidly-growing Turkish bank with powerful friends in government, it…
Bahraini fund Mumtalakat launches $600 mln seven-year sukuk
Bahrain sovereign fund Mumtalakat has launched a $600 million seven-year sukuk at the tight end of its previously-marketed price range,…