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…
Islamic Finance
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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…
Investrade outsources Shari’ah Board role to Shariyah Review Bureau
"Investrade selected SRB because of its expertise, regulatory acceptability, strong local establishment in Bahrain, international footprint in investment funds, multiple…
Bank Nizwa keen to bring Islamic finance into
Reflecting on Bank Nizwa's progress as it journeys through its second year of operations, chief executive officer Dr Jamil el…
Islamic banking profitability gains momentum: EY
The Islamic banking profitability is gaining momentum across key markets such as Qatar, Indonesia, Saudi Arabia, Malaysia, UAE and Turkey…
GIB voted ‘Islamic Investment Institution of the Year 2014’
Gulf International Bank B.S.C. (GIB) was voted “Islamic Investment Institution of the Year 2014” from a short-list of nominees through…
Did the Islamic banking play its prospective role?
WHILE the Islamic banking experience started in the region almost four decades ago with the establishment of Dubai Islamic Bank…