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…
Islamic Finance
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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…
Global Sukuk issues top $12.9 billion in July
Kuwait News Agency (KUNA) says KFH Research’s latest monthly report on the global Sukuk market shows the primary Sukuk market…
Qatar Islamic Bank named 'Best Islamic Financial Institution in Qatar' by Global Finance
QIB - the benchmark Islamic bank in Qatar - has scooped the award as the 'Best Islamic Financial Institution in…
Islamic trade finance ‘is lost in transaction’
Omar Ibn al-Khattab, ruler of a nascent Islamic empire in the seventh century, once convened a meeting in Madinah to…
Consultant submits draft law for Islamic takaful insurance
The UK-based law firm Clifford Chance, which was appointed by the Sultanate's insurance regulator Capital Market Authority (CMA), has submitted…