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…
Islamic Finance
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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…
Takaful chairman steps down
The Chairman of Islamic insurer Abu Dhabi National Takaful Co. (Takaful) resigned on Tuesday, according to a statement on the…
LMC registers net profit of $2.10m
Liquidity Management Centre (LMC), a Bahrain-based wholesale Islamic bank, has reported a net profit of $2.10 million for the second…
Turkey’s Babacan Says Gov Wants Ziraat to Purchase Bank Asya
Ali Babacan, deputy Turkish Prime Minister, said the government would support state bank TC Ziraat Bankasi AS buying Asya Katilim…
Astra Industrial Group announces obtaining a Islamic Banking Facilities
Astra Industrial Group announces the signing of Islamic Banking Facilities agreement with The Saudi British Bank as following: 1.loan…
Dubai: pretender to the Shari’a finance crown
Since its establishment as a viable financial market in the 1980s, the Islamic finance industry has experienced staggering growth. In…
Islamic economy opens new horizon
This was disclosed in a report prepared by Dubai Islamic Economy Development Centre (DIEDC) in partnership with Thomson Reuters and…
Al Baraka and World Bank to begin research on risk-management challenges facing Islamic banking
Mr. Abayomi Alawode, Head of Islamic Finance at the World Bank Al Baraka Banking Group has announced its collaboration with…