Islamic Finance

Islamic Finance

Al Hilal Banks Ramadan Jood Bil Khair campaign donates AED 1 million to over 10 UAE charities

August 3, 2014

Al Hilal Bank, the progressive Islamic bank, once again celebrated Ramadan with a special campaign called 'Jood Bil Khair' ('do…

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Insurance

Majority shareholders selling out of Watania

August 1, 2014

The statement to the ADX did not elaborate on the size of the stakes being sold or on the names…

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Islamic Finance

Emirate of Sharjah mandates banks for debut sukuk

July 28, 2014

The emirate of Sharjah has appointed HSBC, National Bank of Abu Dhabi and Standard Chartered to manage a debut sukuk…

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Financial Results

Barwa Bank Net Profits Rise by 35% for the First Half of 2014

July 27, 2014

Barwa Bank Group, Qatar's fastest growing Shari'ah compliant banking service provider, announced financial results for the first half of 2014.…

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Islamic Finance

Jordan introduces sukuk rules

July 27, 2014

Regulators in Jordan have introduced a set of long-awaited rules for the issuance of sukuk, or Islamic bonds, paving the…

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Financial Results

ABC Islamic Bank net profit increases 25pc

July 27, 2014

lamic Bank yesterday announced that its net profit for the first half of this year was $7.5 million, 25 per…

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Comment & Analysis

New Issuances In Global Sukuk Record Strong Growth In 1H14

July 27, 2014

A newly released report “Global Sukuk Report 1H2014”, by Kuwait Finance House Research Limited (KFHR), analyses the developments and key…

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Comment & Analysis

Asset price recovery boosts profits of Islamic banks

July 27, 2014

Islamic banks operating in the UAE reported robust growth in assets and profits in the first half of this year…

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Insurance

Watania agrees to sell stake to Gulf investors

July 27, 2014

The Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes…

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Islamic Finance

Commercial Bank To Provide Sharia-Compliant Products And Services

July 25, 2014

An increasing number of Kuwaiti lenders are moving away from traditional banking in a bid to tap into a booming…

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Islamic Finance

Jordan: PM attends ceremony to launch Islamic finance bonds

July 25, 2014

Prime Minister Abdullah Ensour attended on Thursday a ceremony to launch Islamic Sukuk (finance bonds), organised by the national capital…

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Islamic Finance

Abu Dhabi National Takaful Company H1 net profit down 24 per cent at AED 15 million

July 25, 2014

H.E. Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company, said. “Despite of the fierce competition, Abu Dhabi National…

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