Kuwait's leading Islamic bank posts huge 2013 profit
Kuwait Finance House, the emirate's leading Islamic bank that has been reeling from the impact of the global financial crisis,…
Islamic Finance
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Barwa Bank Wins Best Islamic Bank and 3 Other Awards
Doha-based Barwa Bank, one of the four Islamic banks in oil-rich Qatar, has bagged four awards announced by the London-based…
Qatar Islamic Bank and QInvest launched "Shiraa Funds"
Qatar Islamic Bank and QInvest have together launched a new range of innovative Shari'a compliant funds, the "Shiraa Funds". Shiraa…
New Islamic banking push by BIBF
The Bahrain Institute of Banking and Finance plan for the year is focused on Islamic banking, said the institute's top…
Governor of Central Bank of Bahrain stresses the success of its policy
Governor of Central Bank of Bahrain, Rasheed Mohammed Al Miraj stressed that developing the efficiency of the economic policies and…
Al Salam Bank-Bahrain 2013 net profit up 28 per cent
The Shari’ah-compliant bank reported an 8.5 per cent increase in total operating income to BHD 26.087 million. Within that…
Saudi lender NCB plans capital-boosting local sukuk sale
Saudi Arabia's largest lender, National Commercial Bank, has picked four banks to arrange a local currency sukuk that will boost…
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…
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…