Dubai IslamicBank eyes acquisitions in Asian markets
Dubai IslamicBank has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the…
Islamic Finance
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Qatar Islamic Bank rules out 2013 sukuk issues
Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before…
Noor Islamic Bank reports net profits of Dh75.5 million for 2012
Noor Islamic Bank reported a net profit of Dh75.5 million for the full year 2012, up Dh26.4 million compared…
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…
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…