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…
Islamic Finance
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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…
Indonesia marketing new Sukuk in London, Middle East
Indonesia is meeting with investors in London and the Middle East ahead of a possible sukuk, or Islamic bond,…
KFH launches new Turkish Real Estate financing service
Chief Retail Banking Officer at Kuwait Finance House, a global leading Islamic financial institution, Mohammad Al-Fouzan has announced the launch…
Tunisia's El Wifack plans to become Islamic bank
El Wifack, which has its debt rated BB+ by Fitch Ratings, also said it planned to raise its capital by…
UAE banks cash situation good
The UAE banks are flush with depositors’ cash once again as the country’s political stability and sustainable economic growth embellish…
Ithmaar Bank operating income stable at BD37m
Operating income continues to be stable at Ithmaar Bank at BD36.8 million, despite a significant compression of margins in…