International Islamic posts QR531m profit
Qatar International Islamic Bank announced the results of its third quarter performance that represents the period up to September 30,…
Islamic Finance
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KFH wins Best Islamic Financial Institution in Kuwait award
The Kuwait Finance House has won by Global Finance magazine, the award of Best Islamic Financial Institution in Kuwait during…
Abu Dhabi Islamic Bank Eyes Sukuk Sale
Abu Dhabi Islamic Bank is planning to boost its capital through the sale of a sharia-compliant debt instrument, in…
Islamic banking gains traction in India
The rising demand to allow Islamic banking in the country has led the Reserve Bank of India (RBI) to request…
Saudi Arabia, UAE to remain key insurance markets in MENA
The insurance, reinsurance, Takaful and cooperative markets within the Middle East and North Africa (MENA) continue to offer opportunity for…
Sukuk beats conventional bonds
Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as…
Dubai Bank to be rebranded by November-end
It’s official: By end of November, Dubai Bank will be rebranded as Emirates Islamic Bank (EIB). Following the transition, EIB…
Bahrain's Ithmaar Bank gets nod for merger
The announcement, which follows the approval of the shareholders of both banks during separate Extraordinary General Meetings, is subject to…
Bank of Sharjah Group stays on top of corporate governance developments, says DIFC
Hawkamah Institute for Corporate Governance briefed the Boards of Bank of Sharjah and its subsidiary, Emirates Lebanon Bank on global…
Gulf Islamic banks ready to step in as HSBC pulls back
Four days after HSBC Holdings said it would shrink its global Islamic banking operations, National Bank of Abu Dhabi revealed…
Jordan Islamic Bank reports increased profits
the financial statements of Jordan Islamic Bank (JIB) indicated a continuation in profits' growth till 30/9/2012. The Bank's net profits…
World Bank, IDB sign Islamic finance agreement
The World Bank and the Jeddah-based Islamic Development Bank ISDBA.UL (IDB) have signed a three-year agreement to share expertise in…