South Africa poised to launch debut Islamic bond
South Africa is preparing to launch sub-Saharan Africa's first Islamic bond, paving the way for issues by other countries in…
Islamic Finance
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UAE's Emirates Islamic Bank prices $500 mln sukuk
Emirates Islamic Bank, the sharia-compliant arm of Dubai's largest lender Emirates NBD , priced a $500 million sukuk on Wednesday,…
Islamic finance to be probed
There is no doubt that Islamic finance is maturing into a global phenomenon with increasing appetite for Islamic instruments and…
Emirates Islamic Bank eyes $500 mln sukuk; strong demand seen
Emirates Islamic Bank, the sharia-compliant arm of Dubai lender Emirates NBD, has set final guidance for its $500 million sukuk,…
3 Islamic investment banks in Bahrain plan merger
Three Islamic investment banks in Bahrain said Sunday they have agreed to merge to better compete in a fragmented market.…
HSBC Holdings is the only UK bank remaining in the global top-ten for tier-1 capital strength
UK banks continue to lose ground in terms of international strength and stature. Against a backcloth of surging competition from…
Islamic Finance Set To Reach US$5 Trillion By 2016
The global Islamic finance and banking sector is pegged at US$1 trillion with an estimated growth rate that is four…
Bank Nizwa sees first profit in 2014
Oman's Bank Nizwa, a newly-formed Islamic lender which sold shares to the public in June, expects to post its first…
Global investors snap up big chunks of Gulf bond issues
Investors from outside the Gulf have muscled in on two big bond issues from the region, taking very high portions…
Islamic finance industry is fastest growing sector
Islamic finance industry will continue to grow much faster than conventional banking in the Middle East and also increase its…
StanChart working on 4 sukuks in Gulf
Standard Chartered bank is arranging up to four sukuks in the Gulf region, said a senior official. Afaq Khan, CEO…
Bank Sohar, Path Solutions ink pact for Islamic banking system
Bank Sohar and Path Solutions on Tuesday inked a pact for implementing the software provider’s Islamic banking IT solution iMAL…