Kuwait's NIG to repay $475 mln sukuk on time, drops delay request
Kuwait's National Industries Group Holding will repay its $475 million Islamic bond, or sukuk, when it matures on August 16,…
Islamic Finance
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ABC Islamic Bank H1 net profits at $4m
Bahrain-based ABC Islamic Bank has revealed its net profit for the first half of the year at $4 million compared…
London asset manager sees increasing demand from wealthy Muslims
London Central Portfolio (LCP) – an asset manager in the UK with around half a billion pounds worth of residential…
GCC sees surge in Islamic lending
2012 is expected to be a record year for sukuk issuances in the GCC (Gulf Cooperation Council) region. Indeed, the…
JIB reports after-tax mid-term profit of JD19 million
Jordan Islamic Bank (JIB ) achieved net profits after tax amounted to JD 19 million till 30/6/2012 compared to JD13…
Al Baraka Banking Group Q2 income up 13 pct
Bahrain-based Islamic lender Al Baraka Banking Group posted a 13-percent rise in quarterly net income, the bank said on Sunday.…
Swiss-Saudi tie-up targets $500 bln Islamic charity market
Veteran Geneva-based banker and Islamic finance expert John Sandwick has teamed up with Saudi adviser Wafi International to target the…
BLME Celebrates 5 Years of Trust, Integrity and Ethical Banking
Bank of London and The Middle East ("BLME"), the largest fully Islamic bank in Europe,has celebratedits fifth anniversary of receiving…
Clifford Chance advises on Saudi Binladin Group short-term sukuk
Clifford Chance LLP and Al-Jadaan & Partners have advised HSBC Saudi Arabia Limited on the issuance by SBG Sukuk Limited…
Oman's Al Izz Islamic Bank plans $104m IPO
Al Izz Islamic Bank, the second sharia-compliant lender being formed in Oman, plans to float 40 percent of its shares…
ADIB Community Banking To Serve Non-Profit Organisations
Abu Dhabi Islamic Bank has announced the launch of ADIB Community Banking to address the banking requirements of non-profit…
Shariah Capital set to delist following seven years of losses
Proposed Cancellation of Admission to trading on AIM and Notice of Special Meeting Shariah Capital has announced that it is…