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…
Islamic Finance
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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…
Bahrain firm turns to ringgit sukuk markets
Another Gulf borrower is turning to diversify its funding sources to the ringgit sukuk market. Bahrain Mumtalakat Holding is believed…
Bahrain SWF Mumtalakat names new CFO
Bahrain's sovereign wealth fund, Mumtalakat, has appointed Tony Robinson as its new chief financial officer, it said in a statement…
Need to build up confidence to promote Islamic finance globally
Although Malaysia has one of the most established and regulated Islamic finance frameworks, local financial institutions need to build up…
NBAD gets recognition from International Takaful Awards
The National Bank of Abu Dhabi (NBAD) has been awarded the Best Asset Management House in Middle East by International…