Abu Dhabi Islamic Bank-Egypt reports net income of EGP 103 million
Abu Dhabi Islamic Bank (ADIB)-Egypt reported gross revenues of EGP 580 million, with an increase of EGP 190 million, up…
Islamic Finance
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Islamic banking boosts national economy
There has been a hot debate about the prospective role of the Islamic banking in the Sultanate after two years…
FGB appoints new head of Consumer Banking Group
First Gulf Bank said on Monday it has appointed Hana Al Rostamani as Head of Consumer Banking Group effective June…
Kuwait Telco Zain Signs $250 Mln Murabaha Facility
Zain Group, a pioneer of mobile telecommunications in eight markets across the Middle East and Africa, has secured a USD…
OBG report to chart Kingdom’s anticipated IPO increase
The sharp upturn in IPO activity which is being forecast for Saudi Arabia’s markets will be explored in a forthcoming…
Saudi scholar returns to IILM
A prominent Islamic scholar from Saudi Arabia has rejoined the Sharia supervisory board of the Malaysia-based International Islamic Liquidity Management…
Commercial Bank of Kuwait to convert to Islamic banking -KUNA
Commercial Bank of Kuwait, the Gulf state's fifth largest lender by assets, said a majority of shareholders had approved a…
Qatar Islamic Bank purchase of BankAsya stake would be credit positive for BankAsya
Moody’s believes this is credit positive for BankAsya because QIB is in a position to strengthen BankAsya’s relatively lean capital…
Dubai Challenges London With Islamic Financing Platform
Dubai will soon compete with London for a share of Islamic banks’ liquidity management business by offering a new platform…
New Dubai sukuk standards seek to clarify liability, rights
Dubai's main bourse has published new standards for structuring Islamic bonds, seeking to clarify their legal status and attract a…
Dubai a solid contender in Islamic finance race
Islamic finance has been gaining popularity and benefits from the markets' insatiable appetite for sukuk or Islamic bonds. Not…
Bahrain eyes new rules for Islamic financing contracts
Bahrain's central bank has released a consultation paper to study possible changes to rules for sharia-compliant financing arrangements which the…