Bahrain Islamic Bank realizes net profit for Q2-2013
Mr. Abdul Razak Abdulla Al-Qassim -Chairman of the Board of Directors announced that the Board has approved the Financial…
Islamic Finance
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Jordan Islamic Bank Choose Aastra for Contact Center
Aastra was chosen to supply Jordan Islamic Bank with a state-of-the-art contact centre solution. Jordan Islamic Bank is Jordan's…
Risks in Islamic banking and how to manage them
The PSIA-financed assets of an Islamic Bank face the Displaced Commercial Risk Thus, more specifically, the PSIA-financed…
Bank Muscat posts OMR63.1m net profit in first half of 2013
Bank Muscat has announced its preliminary results for the first half of 2013, posting a net profit of OMR63.1 million…
Maybank Islamic CEO Wins Islamic Banker Of The Year Award
Maybank Islamic Bhd Chief Executive Officer Muzaffar Hisham has bagged the Islamic Banker of The Year Award for his…
Nakheel profit up 57%
The company recorded a net profit of Dh1.2 billion as revenues surged 36 per cent to Dh4.23 billion in the…
DIB voted ‘Best Islamic Retail Bank’ at Banker Middle East Industry Awards 2013
Awards 2013. The award was received by Dr. Adnan Chilwan, Deputy Chief Executive Officer, DIB, on behalf of the…
Bank Nizwa, Sohar Islamic sign Wakala agreement
Oman's first Islamic bank, Bank Nizwa and Sohar Islamic, have entered into a Wakala agreement for Interbank placement activities between…
UAE- RAKBANK keen to grow Amal service further
Towards the end of January 2013, RAKBANK launched Islamic banking products and services through a separate brand, RAKBANK Amal, to…
UAE Market elevation will help achieve the vision of UAE leadership of making the country a Center of Islamic Economy
The UAE has been an Islamic finance leader since the seventies of the last century, Abdullah Al-Turifi, Chief Executive Officer…
Sukuk-backed sukuk test industry's appetite for complexity
Interbank lending programmes that securitise sukuk are testing the Islamic finance industry's ability to digest complex financial products. …
Islamic banking association launches index of bourse’s Sharia-compliant shares
Islamic banking experts have called on the Central Bank of Egypt to tailor its policies regarding Islamic banking services to…