Kuwait's KFH reports 6.4% rise in Q2 net profit
Kuwait Finance House, the country's biggest Islamic lender, reported a 6.4 percent rise in second-quarter net profit on Monday, slightly…
Islamic Finance
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Sharjah Islamic Bank announces a 50% rise in first half net profit
Sharjah Islamic Bank (SIB) on Monday reported 50 per cent increase in its first half 2014 net profits to Dh202.1…
Heaven’s Bankers: Inside the Hidden World of Islamic Finance
Is sharia-compliant banking just a way of twisting the rules? Even those who assume to know something about sharia –…
Kuwait's CBK faces hurdles as it converts to Islamic bank
Commercial Bank of Kuwait (CBK) was granted permission by the Central Bank of Kuwait to issue KWD 120 million (USD…
Dubai Chamber report highlights growing popularity of Islamic finance over conventional sector
As the emphasis on low risk product alternatives kept the sector insulated from the financial meltdown, Islamic banking products and…
UAE Islamic banking assets crossed $95b in 2013
The UAE is emerging as a serious player in the Islamic banking market with total Islamic banking assets growing to…
Abu Dhabi Islamic Bank Q2 Net Profit Jumps 22.6%
Abu Dhabi Islamic Bank, the largest sharia-compliant lender in the emirate, beat analysts’ estimates on Sunday as it posted a…
Oman Arab Bank’s Islamic banking arm completes one year
'Al yusr' Islamic banking from Oman Arab Bank organised an iftar banquet to mark the completion of one year since…
Prominence Of Sukuk In Turkey As An Islamic Finance Instrument
Turkey's first regulation for Islamic Finance was realized during the 1980s, during a period of liberalization as part of a…
Egypt sovereign sukuk law still mired in uncertainty
Development of Egypt's Islamic economy continues to be hampered by ambiguity surrounding sukuk, and greater legislative and political clarity is…
Islamic Finance: Dominating The Global Banking Industry
The Islamic financial industry is flourishing – and not just in the Middle East. Barry Cosgrave, senior associate in the…
Qatar Islamic Bank Q2 net profit gains 15%, beats estimates
Qatar Islamic Bank, the Gulf state’s largest Sharia-compliant lender by assets, posted a 15 per cent jump in second-quarter net…