Dubai Mulls New Islamic Export-Import Bank To Boost Trade
Dubai’s Department of Economic Development is studying the viability of establishing a new sharia-compliant Export-Import Bank to support the emirate’s…
Islamic Finance
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QFIS and Derasat sign deal to boost Islamic banking research
Qatar Faculty of Islamic Studies at the Hamad bin Khalifa University has signed a memorandum of understanding with Derasat Company…
GCC sukuk sales on track to outperform traditional bond issues
Volumes of sukuk sales are likely to outperform conventional bond issuance in the GCC in the first quarter as record…
Rising infrastructure, corporate sukuk issuance to boost Gulf capital markets
Increasing corporate and infrastructure sukuk issuance could lift the Gulf’s capital markets, Standard & Poor’s Rating Services said in its…
Norton Rose Fulbright advises IsDB on largest ever drawdown under its US$10 billion Sukuk programme
Global legal practice Norton Rose Fulbright has advised the Islamic Development Bank (IsDB) on its record issuance of US$1.5 billion…
ABG units win top Islamic finance award
Bahrain-based Islamic banking group Al Baraka Banking Group announced that three of its units won 'Islamic Finance News Awards 2013'…
Acting CEO Of Islamic Bank Resigns
Jamal Darwiche, acting CEO of alizz islamic bank, has resigned from his position, according to a bank disclosure to the…
Islamic finance: From the Cayman Islands to the Middle East and beyond – Harneys
The use of offshore companies in Islamic finance is driven by many of the same factors as in conventional banking,…
Bank Alkhair announces US$ 4.7 million net profits
Bahrain-based Bank Alkhair, an Islamic wholesale bank, announced its financial results for the year ended 31 December 2013, as approved…
Pakistan c.bank blocks sale of Meezan Bank stake, Kuwait's Noor says
Kuwait's Noor Financial Investment Co said the proposed sale of its stake in Karachi-based Meezan Bank had been blocked by…
Norton Rose Fulbright advises the IDB on its largest ever drawdown under its $10 billion Sukuk
The Joint-Lead Managers were CIMB Bank Limited, Commerzbank Aktiengesellschaft, First Gulf Bank PJSC, HSBC Bank plc, National Bank of Abu…
Oman c.bank says no quick introduction of Islamic instruments
Islamic banks in Oman look set to wait many more months for access to additional sharia-compliant money market tools after…