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…
Islamic Finance
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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…
Emirates Islamic Bank launches four year Wakala Investment option
Emirates Islamic Bank , one of the leading Islamic financial institutions in the UAE, announced the launch of a four…
Saudi Arabia is Identified as One of the Most Developed Islamic finance countries
Thomson Reuters have announced finding from its Islamic Finance Development Indicator (IFDI). The IFDI was developed in collaboration with…
Qatar First Bank Appoints New Chief Business Officer
Qatar First Bank, the first independent Shari'ah compliant bank authorized by the QFC Regulatory Authority (QFCRA), announced the appointment of…
VCBank reports $2.5m in net profit
Venture Capital Bank, a Bahrain-based Islamic investment bank, has reported a net profit of $2.5 million for the quarter ended…
Noor Islamic offers home finance for expats
Noor Islamic Bank has rolled out attractive sharia compliant Home Finance solutions for off-plan properties to non-UAE residents across the…