Why International Investors are Watching the Tadawul
The MSCI upgrade of Qatar and the United Arab Emirates to “emerging market’ status marked the beginning of increasingly liberalised…
Islamic Finance
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Ithmaar Bank net profit hits $4.8 million
Bahrain-based Islamic retail bank Ithmaar Bank, yesterday announced a total net profit of $4.84 million for the nine-month period ended…
Islamic finance body picks up pace with new standards
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions has issued two new shariah standards, revised three others and…
QIB adds new security feature
To provide customers with world-class services along with the latest security features, Qatar Islamic Bank (QIB) has announced a new…
Bank Nizwa CEO named 'islamic finance personality of the year
Bank Nizwa CEO, Dr. Jamil El Jaroudi, was named 'Islamic Finance Personality of the Year' at the 4th annual Global…
Mumtalakat Hires Banks For Potential Dollar Sukuk Issue
Bahraini sovereign fund Mumtalakat (BBB from S&P/Fitch) has hired BNP Paribas, Deutsche Bank, MUFG and StanChart to arrange a series…
Emirates Islamic appoints Head of Human Resources
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the appointment of Emirati national Hessa…
Net Income of Al Baraka Banking Group rose by 5% to US$207 Million in the First Nine Months of 2014
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it has achieved a net income…
LMC net profit hits $3.4m
Wholesale Islamic bank Liquidity Management Centre yesterday announced a net profit of $3.38 million for the first nine months of…
Noor Takaful enters into Banca Takaful partnership with DIB
The Banca Takaful agreement signed seeks to deliver Shari’ah-compliant savings plan with Takaful benefits to customers looking for Islamic financial…
Meethaq opens new branch in Ibra, Oman
H.E Sheikh Saqr congratulated Meethaq for extending the branch network to all parts of Oman and setting a benchmark for…
DIB turnaround leaves little room for doubt
When Dubai Islamic Bank , the largest Islamic bank in the UAE by assets reported 111 per cent growth in…