Islamic Finance

FinTech

AAOIFI Certification Program for Islamic Banking and Finance Information Systems Withdrawal of Certification for Path Solutions

September 2, 2013

  AAOIFI have announced that the AAOIFI certification granted to Islamic banking and finance information systems offered by Path Solutions…

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FinTech

Jordan bank adopts Microsoft technology

August 31, 2013

As per its strategy, Jordan Dubai Islamic Bank (JDIB) has implemented Microsoft's Virtual Desktop Infrastructure (VDI), making it the first…

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Executive Moves

Gulf Finance appointed a new CEO.

August 31, 2013

SHUAA Capital today announced that the Board of Gulf Finance Corporation (' Gulf Finance '), a leading independent commercial lender…

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Islamic Finance

IILM issues ground-breaking sukuk

August 29, 2013

The International Islamic Liquidity Management Corporation  has concluded the auction of its inaugural short-term sukuk amounting to US$490 million, taking…

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FinTech

Kurdistan International Bank for Investment & Development goes live on iMAL

August 28, 2013

Path Solution have announced that Kurdistan International Bank for Investment & Development (KIB), the leading bank in the Kurdistan region…

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Islamic Finance

Islamic Banking Expansion to Help Omani Banks Boost Revenues

August 27, 2013

Muscat Expansion into Islamic banking has the potential to strengthen the franchises of Omani banks and aid in diversifying revenue…

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Islamic Finance

Limitless signs Sharjah Islamic Bank at The Galleries

August 27, 2013

Sharjah Islamic Bank has taken a 300 square metre area at The Galleries, where banks now account for more than…

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Islamic Finance

Saudi lender SABB eyes capital-boosting Islamic bond issue – sources

August 25, 2013

Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell a Tier 2 capital-boosting Islamic bond, or sukuk,…

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Islamic Finance

Venture Capital Bank posts 18-month profit of $21.1 million

August 25, 2013

Bahrain-based regional Islamic investment bank, Venture Capital Bank reported a net profit of $21.1 million from total revenue of $43.9…

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Islamic Finance

Saudi British Bank plans capital-boosting sukuk sale – sources

August 25, 2013

Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its…

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Islamic Finance

Al Khawarizimi College offers bachelor degree in Islamic banking and finance

August 24, 2013

With the Islamic finance industry growing rapidly in recent years, a bachelors degree in Islamic banking and finance programme has…

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Islamic Finance

UAE’s conventional lenders boost Islamic banking

August 24, 2013

Lending rises in the sector as revenues increase as popularity grows.   The Islamic window is increasingly becoming an important…

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