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…
Islamic Finance
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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…
Europe crisis may hit ADIB earnings
Abu Dhabi Islamic Bank (ADIB) said euro zone uncertainty and new financial regulations in the UAE would weigh on earnings…
AK Takaful reports 4% rise in gains
Al Khaleej Takaful has reported a 4% gain in its first half net profit to QR59.02mn. Under shareholders’ account, total…
Al Izz Islamic Bank unveils corporate identity
Aabar Investments PJS Aabar Investments, one of the key strategic investment vehicles of Abu Dhabi will be a corner stone…
Bank Nizwa to attract Omani funds held abroad
Oman's Bank Nizwa, the sultanate's first Islamic bank, plans to attract some of the funds held abroad at other Gulf…
Dubai Islamic Bank announces first half 2012 net profit
Demonstrating continued strong growth, Dubai Islamic Bank (DIB) announced its financial results for the first half of the year ending…
Bahrain plans $1bn bond issue in Malaysia
Bahrain Mumtalakat Holding Company plans to raise around $1 billion in an Islamic bond issue on the Malaysian stock market…
Abu Dhabi’s Aabar To Invest In Oman’s Al Izz Islamic Bank
Aabar Investments PJSC, an Abu Dhabi government-controlled company with stakes in UniCredit SpA and Daimler AG, will be the cornerstone…
Azerbaijan bank plans Qatar presence
Azerbaijan’s largest lender, International Bank of Azerbaijan, plans to have an Islamic banking subsidiary in Qatar by the end of…