Russian AK BARS Bank attracts Shariah-compliant investments
A syndicate of 11 banks from the Gulf countries and the Middle East has signed a murabaha agreement with the…
Islamic Finance
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Dubai Islamic Bank Q4 Net Profit Up 66.2%
Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, posted a 66.2 per cent jump in fourth-quarter net profit,…
RAKBANK announces AED 1.43 billion in profit for 2013
Rakbank announced AED 1,430.8 million in net profit for 2013. In its first year, the Bank's Islamic Finance division -…
QIB to support Cyprus in preparation of framework for Islamic financial tools
Qatar Islamic Bank yesterday extended support to Cyprus in preparing a framework and legislation to introduce Islamic financial tools and…
Over-reliance on real estate holding Islamic markets back
Despite a retail-driven demand for Islamic products, government support and a rising number of global investors comfortable with investing in…
Bank Nizwa Posts RO12.3MN Net Loss
Bank Nizwa, Oman's first Islamic bank, has reported a net loss of RO12.3mn for the period ended December 31, 2013,…
Noor Takaful CEO steps down
Noor Takaful , the Islamic insurance arm of Noor Investment Group , today announced Parvaiz Siddiq, founder member of Noor…
UAE Bank Hires Ethica for Islamic Finance Training
Ethica Institute of Islamic Finance announced today that an undisclosed UAE bank hired the institute to train teams ahead of…
Top honor for Deutsche Bank
Deutsche Bank has won Islamic Finance news “Best Islamic Trustee/Custodian 2011” Award. In addition, Deutsche Bank received the awards…
Al Bayan signs $70m Islamic finance facility
Saudi-based Al Bayan Group Holding Company said it has signed a $70 million syndicated Islamic term financing facility with a…
Alizz Islamic Bank Post Net Loss
Alizz islamic bank has reported a net loss of RO3.23mn for the period from November 2, 2012 to December 31,…
Qatar Islamic Bank Q4 net more than triples, beats expectations
Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender by assets, more than tripled its fourth-quarter net profit, beating analysts'…