Omani firm plans $130m, five-year sukuk
Oman's Al Madina Real Estate plans to issue the country's first sukuk or Islamic bond in the first quarter of…
Islamic Finance
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Omani firm plans $130 mln, 5-year sukuk in Q1 2013
Oman's Al Madina Real Estate plans to issue the country's first sukuk or Islamic bond in the first quarter of…
Ithmaar Bank posts $15.6m net loss
Ithmaar Bank, a Bahrain-based Islamic retail bank, reported a net loss of $15.6 million for the nine-month period ended on…
Al Hilal Bank CEO receives Golden Order of Merit
Mohammed Jamil Berro, CEO of Al Hilal Bank, was bestowed the Golden Order of Merit in Wise Banking Management at…
Saudi Fransi gets OK for up to $667 million secondary sukuk issue
Banque Saudi Fransi, which is part-owned by Credit Agricole, will issue up to 2.5 billion riyals ($667 million) in secondary…
Qatar's Ahli Bank appoints acting CEO
Ahli Bank in Qatar has named Mahmoud YehiaMalkawi as its acting chief executive officer, a company statement to the…
Bahrain to host the 19th International Islamic Banking Conference 2012 next month
The Kingdom of Bahrain is scheduled to host the 19th International Islamic Banking Conference 2012 in the period 9-11…
National Bank for Development signs up to Standard Chartered's Islamic Euro Nostro Product
Egypt's National Bank for Development, in cooperation with Abu Dhabi Islamic Bank Group has signed up to Standard Chartered Bank's…
Bank Muscat celebrates record growth in asset management
Bank Muscat Asset Management Division marked a milestone achievement on crossing $1billion assets under management. The division celebrated the achievement…
ARI wins ‘Shariah Fund Manager of the Year’ award
Al Rayan Investment won the prestigious ‘Shariah Fund Manager of the Year’ award at the 2012 Middle East Summit and…
JIB best Islamic retail bank in the world
Jordan Islamic Bank received the award of best islamic financial institution in Jordan for the year 2012, for the 4th…
Noor Islamic Bank scoops two top customer service awards
Noor Islamic Bank is celebrating winning two prestigious customer service awards at the 3rd UAE Customer Service Week summit and…