Masraf Al Rayan UK unit offers new schemes
Islamic Bank of Britain plc (IBB), a subsidiary of Masraf Al Rayan UK, has announced to extend its UK real…
Islamic Finance
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RAKBank posts Dh700m H1 net profit
RAKBank on Tuesday reported a net profit of Dh700.4 million for the first half of 2014, dow Dh59.6 million over…
NBQ posts Dh186.32 million first half net profit
National Bank of Umm Al Quwain (NBQ) on Wednesday reported Dh186.32 million net profits for the first six months of…
Islamic Development Bank places $1 billion sukuk
Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest ever…
Number of entries for ADIB & Thomson Reuters' Ethical Finance Innovation Challenge and Awards (EFICA) exceeds last year
Abu Dhabi Islamic Bank and Thomson Reuters ' second Ethical Finance Innovation Challenge and Awards have already received high levels…
Qatar's largest Islamic bank posts 12% rise in Q2 net profit
Masraf Al Rayan, Qatar's largest Islamic lender by market value, reported a 12.1 percent increase in second-quarter net profit on…
Qatar International Islamic Bank H1 net profit up 10 per cent
International Islamic’s net profit for H1 2014 stood at QAR 402 million compared with QAR 365 million during the same…
CBB Sukuk Al-Salam Securities oversubscribed by 306%
The Central Bank of Bahrain yesterday announced that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD…
Saudi Market Surprise Sparks Speculation of Sukuk Access
Saudi Arabia’s plan to open its $531 billion stock market to foreigners is prompting speculation that Islamic bonds will be…
FGB Net Profit up 21% in the First Half of 2014 Confirming Strong Earnings Momentum
FGB, one of the leading banks in the UAE, announced its H1'2014 financial results, showing continued and solid performance across…
Islamic banking held back by lack of liquidity in market
Fadi Yazbeck, Product Manager for Islamic Banking at Temenos, represented technology vendors at the Dubai Islamic Economic Roundtable Series 2014…
Refile- Turkiye Finans raises $252 mln from first sukuk issuance in Malaysia
Turkish lender Turkiye Finans Katilim Bankasi has raised 800 million ringgit from an Islamic bond in Malaysia, its first issuance…