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…
Islamic Finance
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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…
CBB hplds first meeting with newly-appointed Bahrain Association of Banks board
The Central Bank of Bahrain and the newly-elected board for the Bahrain Association of Banks had their first meeting yesterday…
Islamic finance lobby plans regional network
The General Council for Islamic Banks and Financial Institutions (CIBAFI), a non-profit organization headquartered in Manama, has traditionally focused on…
Alizz Islamic Bank appoints Mohammed Al Fahim Deputy Chairman
Mohammed Al Fahim as Deputy Chairman to the Bank's Board of Directors. On the decision, HH Sayyid Taimur Bin…
CBD's Attijari Al Islami wins 'Islamic Bank of the Year for the UAE 2013'
Attijari Al Islami, Commercial Bank of Dubai's Islamic Banking Unit, has received the 'Islamic Bank of the Year Award for…
National Bank of Fujairah recognised as 'Best Domestic Commercial Bank'
National Bank of Fujairah PSC (NBF) announced that it has received the 'Best Domestic Commercial Bank' at this year's Banker…
Path Solutions Scoops Top Accolade
For the second year running, Path Solutions , the market leading provider of Islamic banking software systems, joined an elite…
Kuwait Finance House says 20 pct capital increase oversubscribed
The bank was raising 319 million dinars ($1.12 billion) from the sale of 639 million new shares at 0.5 dinars…