Saudi Arabia ‘2nd largest Islamic finance economy
Saudi Arabia ‘2nd largest Islamic finan Saudi Arabia is the second largest Islamic finance economy globally with assets worth $270…
Islamic Finance
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GCC Islamic Banking Assets To Hit $515bn
The Islamic banking assets at commercial banks in the GCC is likely to surge to more than $515 billion by…
Dubai likely to be next leader in Islamic economy’s evolution, says report
While there are various major centres of the Islamic economy, all in Asia, it could be Dubai to emerge as…
EIB offers new Islamic investment option
Emirates Islamic Bank, a leading Islamic financial institution in the UAE, has launched a four-year Wakala investment option for customers,…
Faisal Islamic Bank of Egypt sees jump in October results
Total business volume for Faisal Islamic bank of Egypt grew 7.8% at the end of October to EGP 44.71m compared…
Libya Aims to Issue Three Islamic Bank Licenses in 2014
Libya hopes to have its first three dedicated Islamic banks operating next year to satisfy unmet demand for sharia-complaint financial…
Emirates Islamic Bank Becomes Emirates Islamic
Emirates Islamic Bank on Wednesday unveiled its new identity as “Emirates Islamic”. The new name is part of a comprehensive…
Saudi tops GCC Islamic funds market
Saudi Arabia is the second largest market for Islamic funds globally with Assets Under Management (AUMs) exceeding $6 billion, according…
GCC Islamic funds enjoyed the highest fund flows post financial crisis
Gulf Islamic funds have bucked the global trend of declining assets under management in the same space in the past…
Islamic trade finance fund is launched
EIIB-Rasmala, a venture between London-based European Islamic Investment Bank and Dubai's Rasmala Group, has launched a Sharia-compliant trade finance fund…
Islamic Mutual Funds Regrouping After Purge
Islamic mutual funds are emerging from a shakeout that has seen 105 of them close since 2011 and the departures…
Islamic banking: Waiting to tap Arab world's unbanked
A mere 2% of more than 5,000 Muslims surveyed in a poll use Islamic banking services. The World…