IILM issues ground-breaking sukuk
The International Islamic Liquidity Management Corporation has concluded the auction of its inaugural short-term sukuk amounting to US$490 million, taking…
Islamic Finance
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Kurdistan International Bank for Investment & Development goes live on iMAL
Path Solution have announced that Kurdistan International Bank for Investment & Development (KIB), the leading bank in the Kurdistan region…
Islamic Banking Expansion to Help Omani Banks Boost Revenues
Muscat Expansion into Islamic banking has the potential to strengthen the franchises of Omani banks and aid in diversifying revenue…
Limitless signs Sharjah Islamic Bank at The Galleries
Sharjah Islamic Bank has taken a 300 square metre area at The Galleries, where banks now account for more than…
Saudi lender SABB eyes capital-boosting Islamic bond issue – sources
Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell a Tier 2 capital-boosting Islamic bond, or sukuk,…
Venture Capital Bank posts 18-month profit of $21.1 million
Bahrain-based regional Islamic investment bank, Venture Capital Bank reported a net profit of $21.1 million from total revenue of $43.9…
Saudi British Bank plans capital-boosting sukuk sale – sources
Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its…
Al Khawarizimi College offers bachelor degree in Islamic banking and finance
With the Islamic finance industry growing rapidly in recent years, a bachelors degree in Islamic banking and finance programme has…
UAE’s conventional lenders boost Islamic banking
Lending rises in the sector as revenues increase as popularity grows. The Islamic window is increasingly becoming an important…
Bank of Sharjah signs $200m club term loan
The Bank of Sharjah has signed a $200 million Club Term loan facility with a Group of Local and International…
Bank of Sharjah signs $200 million loan refinancing
Bank of Sharjah has signed a $200 million Club Term Loan Facility with a Group of Local and International…
Oman Development Bank considers Islamic window
Oman Development Bank is considering the launch of an Islamic window to offer sharia-compliant products to small and medium-sized…