Bank posts $8m profit
Bahrain-based Arab Banking Corporation's subsidiary ABC Islamic Bank yesterday announced a net profit of $8.3 million for last year, compared…
Islamic Finance
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Bank Dhofar obtains Islamic banking licence
Bank Dhofar has been granted an Islamic banking licence by the Central Bank of Oman to operate its window operation,…
Mohammed’s initiative to spark sukuk boom
A landmark announcement by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and…
ABC Islamic Bank posts $8m profit
Bahrain-based Arab Banking Corporation's subsidiary ABC Islamic Bank yesterday announced a net profit of $8.3 million for last year, compared…
ADIB shines at the Islamic Finance News Awards Ceremony in Dubai
Abu Dhabi Islamic Bank has been named the "Best Overall Islamic Bank in the World" by Islamic Finance News (IFN).…
Qatar has potential to become major Islamic finance platform, says QIIB CEO
Qatar can become a major global platform for Islamic finance in view of its resources, expertise in Shariah-compliant products and…
Al Baraka Islamic Bank wins Best Islamic Bank in Bahrain Award
Al Baraka Islamic Bank B.S.C was chosen as the Best Islamic Bank in the Kingdom of Bahrain for 2012, through…
IBQ wins Award for Best Private Bank for Privacy and Security
International Bank of Qatar, has been recently recognized for the second year running with a Euromoney award, being awarded the…
KPMG wins award for industry role
KPMG has been named Best Islamic Assurance and Advisory Services Provider at the 2012 Euromoney Islamic Finance Awards. This marks…
Bank Nizwa seeks relaxation for investing funds
Bank Nizwa is going to request the Central Bank of Oman for allowing the bank to get relaxation in deploying…
Ithmaar completes First Leasing merger, increases capital to US$758million
Ithmaar Bank has announced that it had merged with one of its Bahrain-based associates, First Leasing Bank. The announcement follows…
Dubai could learn from London to build Islamic finance hub
The Lord Mayor of The City Of London might sound like a character out of a fairytale or pantomime but…