Bahrain Islamic Bank H1 net profit up 67%
In a Press Release issued by the Bank Mr. Abdul Razak Abdulla Hassan Al Qassim - Chairman of the Board…
Islamic Finance
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Scholar Fees Targeted by Regulators: Islamic Finance
Islamic finance regulators are working to reduce the role of scholars, blaming delays and excessive fees for stifling growth in…
Faisal Islamic Bank of Egypt Selects SunGard
Faisal Islamic Bank of Egypt , the first Islamic Bank in Egypt, has selected SunGard's suite of enterprise risk management…
GFH signs MOU with NASDAQ Dubai to list $200 million Sukuk
GFH plans to use the proceeds from the Sukuk to repay current outstanding Sukuk of $84 million and undertake business…
Kuwait's Gatehouse looks to broaden Islamic revenue streams
London-based Gatehouse Bank, a subsidiary of Kuwaiti firm Securities House, is developing new business lines and widening its investor base…
Profits of Turkey's Islamic Bank Asya hit by political feud
Turkish Islamic lender Bank Asya said its second-quarter net profit slumped 81 percent to 10.6 million lira ($4.9 million), as…
ABG, WB form partnership in Islamic banking
Al Baraka Banking Group (ABG) on Sunday announced its collaboration with the World Bank (WB) to begin a research partnership…
UAE banking sector posts 23% growth in Q2 2014
The net income of major UAE banks exceeded analyst expectations in the second quarter as the country's economy continues to…
Oman's Islamic Finance Net Revenue Soar 147%
Oman’s Islamic banking sector witnessed significant growth during the first half of 2014 in terms of deposits and revenues amid…
Al Baraka Banking Group raises its profit to $143m
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced a net profit of $143m for the…
KHCB announce net profit of BHD 1.2 million for Q2 2014
Khaleeji Commercial Bank (KHCB), a prominent Islamic retail Bank, announced its financial results for the second quarter of 2014 making…
Khaleeji Commercial Bank Announces Second Quarter Financial Results
Khaleeji Commercial Bank (KHCB), a prominent Islamic retail Bank, announced its financial results for the second quarter of 2014 making…