Islamic Finance

Islamic Finance

Mashreq converts conventional fund and launches Sharia’h Compliant MENA Equity Fund

April 8, 2014

Mashreq Al Islami, the Islamic banking division of Mashreq, a leading financial institution in the UAE, today continued to strengthen…

Read More

Islamic Finance

Nasdaq Dubai chief in pole position on Islamic finance

April 8, 2014

The business of Nasdaq Dubai is business. After a period when little seemed to be happening at Dubai’s international exchange,…

Read More

Islamic Finance

UK-Bahrain Islamic Finance Summit forges partnership to uncover new trade and investment opportunities in both countries.

April 8, 2014

Today the UK and Bahrain agreed a joint framework to enhance collaboration on Islamic finance at the UK-Bahrain Islamic Finance…

Read More

Islamic Finance

Islamic banks in CY13

April 7, 2014

Despite facing stiff competition from their conventional peers, full-fledged Islamic banks have been the movers and shakers of the domestic…

Read More

Islamic Finance

Middle East: Islamic Finance Flourishes

April 7, 2014

Islamic finance is going mainstream, with Western countries planning to issue their first sovereign sukuk. It still constitutes only a…

Read More

Financial Results

Abu Dhabi Islamic Bank-Egypt reports net income of EGP 103 million

April 7, 2014

Abu Dhabi Islamic Bank (ADIB)-Egypt reported gross revenues of EGP 580 million, with an increase of EGP 190 million, up…

Read More

Islamic Finance

Islamic banking boosts national economy

April 7, 2014

There has been a hot debate about the prospective role of the Islamic banking in the Sultanate after two years…

Read More

Executive Moves

FGB appoints new head of Consumer Banking Group

April 7, 2014

First Gulf Bank said on Monday it has appointed Hana Al Rostamani as Head of Consumer Banking Group effective June…

Read More

Hedge Funds & Alternative Investments

Kuwait Telco Zain Signs $250 Mln Murabaha Facility

April 4, 2014

Zain Group, a pioneer of mobile telecommunications in eight markets across the Middle East and Africa, has secured a USD…

Read More

Islamic Finance

OBG report to chart Kingdom’s anticipated IPO increase

April 4, 2014

The sharp upturn in IPO activity which is being forecast for Saudi Arabia’s markets will be explored in a forthcoming…

Read More

Islamic Finance

Saudi scholar returns to IILM

April 4, 2014

A prominent Islamic scholar from Saudi Arabia has rejoined the Sharia supervisory board of the Malaysia-based International Islamic Liquidity Management…

Read More

Islamic Finance

Commercial Bank of Kuwait to convert to Islamic banking -KUNA

April 3, 2014

Commercial Bank of Kuwait, the Gulf state's fifth largest lender by assets, said a majority of shareholders had approved a…

Read More