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…
Islamic Finance
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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…
Deutsche Bank sees end of ‘sukuk premium’
The ‘sukuk premium’ - the additional cost which borrowers must pay to issue an Islamic bond instead of a conventional…
Bank Sohar first half profit soars
Delivering yet another quarter of sustained growth, Bank Sohar's net profit for the six months ended June 30 grew by…
First Islamic bond launched in Kazakhstan
The Development Bank of Kazakhstan has launched the country's first ever Islamic bond. The quasi-sovereign issue could set a benchmark…
The Asset Marks QIB Best Islamic Bank In Qatar
Hong Kong-based The Asset Magazine has named Qatar Islamic Bank (QIB), the benchmark Islamic bank in Qatar, the best Islamic…
Saudi mortgage law to boost takaful industry
The Saudi insurance market is projected to grow by 15 percent per annum in total volume of gross premiums written…
New players to join Saudi real estate market
The implementation of the new mortgage law in Saudi Arabia is expected to modernize the Kingdom's real estate market through…
Islamic Bank of Britain boosts efforts to attract ethical savers
As consumer dissatisfaction with the UK banking sector continues, the Islamic Bank of Britain plc (IBB) has stepped up its…
Kuwait's NIG asks for $475 mln sukuk extension as maturity looms
National Industries Group Holding (NIG), a Kuwaiti investment firm controlled by one of the country's biggest family conglomerates, has asked…