Masraf Al Rayan’s first quarter net profit up 8pc
Masraf Al Rayan achieved net profit of QR432m for the first quarter of 2014, an increase of 8 percent compared…
Islamic Finance
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Emirates NBD's Q1 net profits up 25%
Emirates Islamic Bank (rebranded as Emirates Islamic), the Islamic bank belonging to Emirates NBD group on Wednesday reported a net…
Dubai’s sukuk points to stabilisation of sovereign finances
Strong recovery in asset prices, particularly the real estate prices and the prices of locally listed stocks combined with nearly…
Gulf finance house announces constitution of it's board of directors
Gulf Finance House, the Bahrain based Islamic investment bank, today announced the conclusion of the first meeting of the Bank's…
Dubai says new sukuk to open door for long-term issues by state firms
Dubai’s government hopes its first 15-year sukuk issue an unusually long tenor for an Islamic bond will pave the way…
London mayor sees broad appeal for £200mn UK sukuk
The UK’s much anticipated issue of a £200mn Islamic bond, or sukuk, is likely to attract interest from both Muslim…
Bahrain: tighten your belt…
Bahrain has been ranked fourth according to the Islamic Finance Country Index (IFCI), a composite ranking of more than 40…
Islamic finance body IIFM eyes first sukuk standard -CEO
The Bahrain-based International Islamic Financial Market (IIFM) will develop its first standard contract template for sukuk (Islamic bonds), and aims…
Noor Bank announces record first quarter profit
Noor Bank, the Dubai-based Sharia-compliant lender formerly known as Noor Islamic Bank, said its first quarter profit rose to a…
Roadmap is ready for sukuk standardisation
Bahrain-based international standard-setting body, International Islamic Financial Market has announced it now has a roadmap on standardisation of "sukuk al…
Adib Q1 profit up 20.4% on higher lending
Pots net profit of Dh409.5m, driven by 18.1% lending growth. Abu Dhabi Islamic Bank, the largest Shariah-compliant lender in…
Kuwait's Central Banker calls for legislation on Government Sukuk
The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Al-Hashel has called on the Kuwaiti Government to establish…