Barwa Bank sees sharp rise in profit
Barwa Bank, a Shariah-compliant lender, expects a sharp increase in its 2013 net profit, driven mainly by billions in infrastructure…
Islamic Finance
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India's first sharia-compliant financial company eyes Oman investment
India's first sharia-compliant non-banking financial company, Cheraman Financial Services Ltd, is looking to tap the Omani market, and indeed the…
Qatar bank Masraf al-Rayan posts 19.7 pct Q3 net profit gain
Net profit for the three months to Sept. 30 was 429 million riyals, compared with 358.3 million riyals in the…
KPMG announces Global Islamic Finance leadership team
KPMG has appointed a Global Islamic Finance Leadership Team to support the continued growth and development of KPMG's Global Islamic…
Bahrain Islamic Bank reports BD3.8 million in profits in nine months
The Bahrain Islamic Bank announced that the Bank made BD3.8 million in net profits during the first nine months ending…
World Bank to open first Islamic finance center in Istanbul
Borsa Istanbul's website says a ceremony will be held later on Monday to inaugurate the World Bank Global Islamic Finance…
Sukuk Market Grows in Strength But Struggles with Complexity
Structural complexity and extensive legal documentation inhibit international investors As global awareness of Islamic finance is gaining momentum, the…
Global takaful potential remains underutilised
The global takaful industry grew 16 per cent in 2012, a noticeable moderation from a 22 per cent compounded annual…
ADIB named "Best UAE Islamic Financial Institution"
Abu Dhabi Islamic Bank has been named the "Best Islamic Financial Institution in the UAE" for 2013 by Global Finance…
Boris backs Middle East investment push
Boris Johnson, the Mayor of London, has thrown his weight behind a push for inward investment from the Middle East…
First Gulf Bank acquires full ownership of Aseel Islamic Finance
First Gulf Bank has increased its stakes in Aseel Islamic Finance, through a purchase agreement which has raised the bank's…
Dubai's ENBD plans Islamic SME products in Q4
Emirates NBD, Dubai's largest lender, plans to launch new Islamic lending products by the end of this year for corporate…