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…
Islamic Finance
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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…
Al Salam exits key London property
Al Salam Bank-Bahrain, a leading Islamic bank in the Kingdom, has successfully exited a circa £38 million Shari’a compliant mezzanine…
Turkey, Qatar cited most Islamic finance friendly tax systems
Turkey and the Qatar Financial Centre have the most Islamic finance friendly tax systems out of eight countries in the…
Bahrain woos international players with new takaful model
Bahrain’s insurance regulator hopes new regulations will make Bahrain the jurisdiction of choice for takaful and retakaful globally. Speaking to…
KFH predicts Sukuk growth by 30 pct this year
Sovereign Sukuk will continue to dominate, supported by emerging of new countries that issue Sukuk KFH-Research issued a report stating…
NBFCs may face competition from Islamic banks, say analysts
Oman's non-banking financial companies posted decent growth in income and profits in 2012. And analysts believe that the sector will…