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…
Islamic Finance
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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…
Kuwaiti bank CBK says concerns over buyer cash behind bond cancellation
Commercial Bank of Kuwait said on Monday it cancelled its 120 million dinar ($412.7 million) capital-boosting bond last week over…
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…
Waha Capital 9M 2014 net profit increases to AED 1.6 billion
For the third quarter of 2014, the company recorded a net profit of AED 301.2 million, up from AED 107.1…
Tadhamon International Islamic Bank appoints new CEO at Tadhamon Capital BSC
Tadhamon International Islamic Bank , a Sharia'a-compliant Bank licensed by the Central Bank of Yemen, has announced management changes in…
Omani entrepreneurs explore islamic financing avenues with bank Nizwa
Bank Nizwa's Head of Shari'a, Dr. Anwar Soubra, conducted an in-depth workshop on the various Islamic Financing solutions available to…