Islamic Development Bank opens office in Ankara
Islamic Development Bank opened its Turkish office in Ankara with the participation of Turkish President Abdullah Gül and Deputy Prime…
Islamic Finance
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AlBaraka Turk inks $430m Deal
AlBaraka Turk, the Turkish subsidiary of Bahrain-based Islamic lender Al Baraka Bank, has signed a financing facility worth $430 million,…
Qatar Islamic Banks Set to Outpace Rivals
Growth of Shariah-compliant banks in Qatar is poised to outpace that of the UAE lenders as borrowing rises amid $200bn…
Ajman Bank Taps Into ITS Global Financial Solutions
International Turnkey Systems have announced a new client partnership with Ajman Bank , the first Shari'a based Islamic bank to…
Commerzbank Sees Islamic Market Vexing Babacan: Turkey Credit
Turkey should consider selling more Shariah-compliant sovereign debt as a syndicated Islamic loan taken by the local unit of a…
Qatari Islamic banks seen growing to $100bn by ’17
Qatar’s Islamic banks’ balance sheet are expected to grow to $100bn by 2017 in view of surge in demand for…
AlbarakaTürk Signs $430 Million Syndicated Murabaha Financing Facility
ABC Islamic Bank, Barwa Bank, Emirates NBD Capital, Noor Islamic Bank and Standard Chartered Bank have announced the closure and…
DIB repays Tamweel liabilities 2 years ahead of maturity
Dubai Islamic Bank announced on Wednesday it had settled all bilateral liabilities of Tamweel two years ahead of scheduled maturity.…
Qatar Islamic banking set for rapid growth
The Qatari government’s strategy to make the country a centre for Islamic banking is succeeding, according to a report published…
Dubai Islamic Bank chooses Deutsche Bank for euro clearing and European trade finance
Deutsche Bank and Dubai Islamic Bank today announced the signing of a Memorandum of Understanding which will allow DIB to…
Bank of London and The Middle East plc (BLME) Announces Intention to List on NASDAQ Dubai
BLME, the largest Islamic Bank in Europe, today announces its intention to list on NASDAQ Dubai under the name 'BLME…
Islamic Bank BLME to Seek Dubai's First Listing in 4 Years
Bank of London and The Middle East (BLME), Britain's largest stand-alone Islamic bank, plans to seek a listing on the…