Al Baraka Islamic Bank launches key promotion
Al Baraka Islamic Bank has launched a new promotional campaign in collaboration with Harley-Davidson Motorcycle Bahrain. Competitive financing profit,…
Islamic Finance
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Al Baraka eyes capital hike to expand Islamic financing
Al Baraka Bank Egypt, a joint-stock company, is seeking to increase its paid-up capital to EGP 1 billion (USD 140…
Dubai Chamber identifies opportunities in Iraq’s Islamic finance sector
Dubai Chamber of Commerce and Industry urged Iraqi banks and financial companies to expand their networks within the Islamic economy…
AAOIFI's secretary general quits
H. E. Shaikh Ebrahim Bin Khalifa Al Khalifa, Chairman of Board of Trustees of Accounting and Auditing Organisation for Islamic…
NCR Corporation and Alizz Islamic Bank Win 'Best Branch Automation' Award
Alizz Islamic Bank SAOG, Oman's newest Islamic Bank, today announced that it has jointly won the "Best Branch Automation Project…
Al Hilal Bank deploys Infosys Finacle E-banking solution
Al Hilal Bank has successfully implemented the Infosys Finacle e-Banking solution, enabling the Shari’ah-compliant bank to provide a full range…
UK firm launches first Sharia-compliant green energy project
UK-based Simply Sharia has launched a green energy scheme that will sell Renewable Obligation certificates and electricity to the grid…
QInvest sees Turkey playing leading role in Islamic finance
QInvest, one of Qatar’s leading Shariah-compliant investment bank, sees Turkey as being a key driver of growth in Islamic finance…
CBB Sukuk Al-Salam Securities Oversubscribed
The Central Bank of Bahrain (CBB) announces that the monthly issue of the Sukuk Al-Salam Islamic securities for the BD…
Investment Corporation of Dubai raises $1 billion from sukuk, bond issue
The Dubai Government’s principal investment arm, the Investment Corporation of Dubai, has successfully priced a $1 billion sukuk and bond…
Saudi's Alhokair plans debut sukuk, picks Samba as arranger
Fawaz Abdulaziz Alhokair Co , the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in…
Philippines seeks to tap Mideast in first sukuk issuance
The Philippine government is planning to issue Islamic bonds, or sukuks, for the first time in the predominantly catholic country…