CBB Sukuk Al-Ijara over subscribed
The Central Bank of Bahrain announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has…
Islamic Finance
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5th World Islamic Retail Banking Conference to take place in Dubai
As the future promises great opportunity for the Islamic banking sector, 5th World Islamic Retail Banking Conference will present…
Warba Bank plans new investment company
Warba bank is moving towards establishing a new investment company operating in accordance with Shari’ah rules The general assembly…
Bank Nizwa partners with BankDhofar to develop Omani Islamic interbank market
Both banks will be working together with other domestic Islamic banking entities to develop Oman into one of the frontrunners…
Noor Islamic Bank posts half year net profit
Noor Islamic Bank announced its half year net profit of Dhs100m, compared with Dhs75.5m, at December 31, 2012. This…
Seera's net income reaches $5.1 million
Bahrain-based Seera Investment Bank yesterday announced a strong start to the year. The Islamic bank reported a net income of…
GFH posts net profit of $4.2m
Gulf Finance House he Bahrain-based Islamic investment bank reported a net profit of $4.2 million for the first half of…
Al Hilal Bank successfully deploys advanced ETHIX-PCD Islamic banking technology
Al Hilal Bank has announced that it has successfully deployed the ETHIX-Profit Computation and Distribution (PCD) Islamic banking system from…
LMC Posts Net Profit Of $2.18 Million
Emad Al-Monayea, Chairman of the Board of Directors and Ahmed Abbas, Chief Executive Officer of Liquidity Management Centre are pleased…
Dubai Islamic Bank Group first half 2013 net profit up by 25% to Dhs739m
Dubai Islamic Bank Group today announced its financial results for the first half of 2013, demonstrating a strong performance…
Noor Islamic Bank CEO calls for global Islamic regulator
Standardisation of the regulations governing Islamic finance is a must to ensure the globalisation of Islamic finance, according to…
DMCC to fund world's tallest office tower with sukuk
Dubai will finance the world's tallest office tower with Islamic debt as the Arabian Gulf business hub steps up sukuk…