HSBC Joins CIMB for Record-Setting Pace of Worldwide Sukuk Sales in 2014
Worldwide sukuk sales surged in April, setting the stage for a record year as Middle East issuers fund infrastructure projects…
Islamic Finance
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Deutsche Bank named Global Best Islamic Custodian 2014
Deutsche Bank announced today that it has been selected as Global Best Islamic Custodian 2014 by Global Finance magazine. …
Islamic banks assets hit RO 808 million
The starting of Islamic banking in the Sultanate is an important development and now the country boast of two full-fledged…
Jordan Islamic Bank posts first-quarter net profit of $14.7 million
Jordan Islamic Bank,, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported first-quarter net profit of 10.4 million dinars ($14.7…
IDB opens Malaysia office to plug trading gap
Islamic Cooperation for the Development of the Private Sector, a unit of IDB, got a license in February from the…
Turkiye Finans advised by King & Spalding on issuance of $500 million Sukuk
“We were delighted to have worked with Turkiye Finans on this transaction,” said Rizwan H. Kanji, a partner in King…
Al Hilal GCC Equity Fund wins '2014 Best Islamic Fund' at Banker Middle East Product Awards UAE
Al Hilal Bank, the progressive Islamic Bank, has announced that its Al Hilal GCC Equity Fund was named the '2014…
Ethical banking to take over: Abu Dhabi Islamic Bank CEO
The chief executive of Abu Dhabi Islamic Bank, the largest Sharia-compliant bank in the United Arab Emirates, believes the banking…
Swicorp assigns Shariyah Review Bureau as Shari’ah advisor to supervise Islamic fund
Daniel Schenker, Swicorp CEO, said, "Al Dhahawi Fund is the first in a series of Shari’ah compliant Fund’s which we…
KFH wins Best Islamic Bank in Kuwait, Middle East award by Emea Finance
The popular Emea Finance Magazine has awarded Kuwait Finance House Best Islamic Bank in Kuwait, Best Islamic Bank in Middle…
Al Hilal Bank launches fund to invest in global equities and sukuk
New offering aimed at emulating bank’s GCC Equity Fund’s impressive return of 55.89% since inception. Al Hilal Bank has…
SCA board okays rules on sukuk, bondsa
The Securities and Commodities Authority has approved regulations for sukuk and corporate bonds, a step which will pave the way…