Sukuk beats conventional bonds
Corporate and infrastructure issuers in the Gulf region may increasingly rely on sukuk, the Islamic equivalent of bonds, as…
Islamic Finance
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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…
A Turkey-Pakistan alliance for Islamic banking
Turkey is on track to becoming the next hub for Islamic banking and finance. Given the Ottoman legacy, the last…
Islamic Bank takeover on verge of collapse as fresh suitor emerges
THE proposed takeover of the Birmingham-based Islamic Bank of Britain by its major shareholder, Qatar International Islamic Bank, is on…
IIRA reaffirms credit ratings of Bahrain Islamic Bank and assigns fiduciary score
Islamic International Rating Agency (IIRA) has reaffirmed ratings of Bahrain Islamic Bank (BIsB or 'the bank') at BBB (Triple…
First of its kind augmented reality banking app announced by Noor Islamic Bank
Noor Islamic Bank has announced its new augmented reality 'Bank In Your Hand' smartphone and tablet app, the first of…
QIIB issues $700 million Sukuk
Qatar International Islamic Bank (QIIB) will issue a $700 million sukuk on Thursday, arranging banks said, and has revised…