UAE's First Gulf Bank Q1 net profit rises 12 pct
First Gulf Bank, the second-largest bank in the United Arab Emirates by market value, posted a 12 percent increase…
Islamic Finance
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Simmons and Simmons advises on launch of Shariah-compliant funds platform
Simmons and Simmons has advised SEDCO Capital on the development and successful launch of a one-stop-shop investment platform of Shariah-compliant…
International Islamic posts 5.6% profits increase
Capitalising on the opportunities for Shariah-based financing in the local market, International Islamic posted a net profit of QR185.3mn in…
Tax Law to be Adjusted for Islamic Banks:KPMG
The tax law, regulations on taxation and protocols within the tax agreement will be adjusted to reflect Islamic banking transactions…
Oman's Alizz Islamic Bank eyes Q3 launch
Omani lender Alizz Islamic Bank, the second full-fledged Islamic bank in the sultanate, plans to begin operations in the third…
KUNA Boubyan Bank earns KD 3 million in first quarter of 2013
Boubyan Bank announced that it has attained KD 3 million in net profits in the first quarter of current year,…
Turkey to allow deeper use of sukuk
Turkey is working on new regulations to allow wider use of Islamic bonds, a closely watched move which could see…
Clifford Chance and Al-Jadaan advised Saudi Fransi Capital Sukuk issuance
Clifford Chance and Al Jadaan & Partners Law Firm have advised Saudi Fransi Capital Limited (the Saudi affiliate of Crédit…
Alizz islamic bank appoints Sharia Supervisory Board
Alizz islamic bank SAO has announced the appointment of its Sharia Supervisory Board at the bank's second general meeting held…
Alizz islamic bank appoints new member to board
Alizz islamic bank has announced that Malcolm Mckinnon, Deputy General Counsel of Abu Dhabi's International Petroleum Investment Company, has been…
Personal liquid assets rise to $40bn in Qatar
Sustained economic expansion has created considerable wealth in Qatar with the net investable wealth of affluent individuals in the country…
First female banking chief reveals all
Nevine Loutfy is managing director and CEO of the National Bank for Development. After an international career spanning over three…