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…
Islamic Finance
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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…
Emirates Islamic Bank offers home finance in Manazil Towers in Sharjah
Emirates Islamic Bank’s package for Manazil Towers features up to 85 per cent finance in variable rate options starting from…
Barwa Bank plans sukuk issuance by 2013
Qatar’s Barwa Bank plans to issue a sukuk by 2013 and is eyeing a share listing over the longer term,…
Oman plans Islamic finance rules before year-end
A regulatory framework for Islamic finance is taking shape in Oman as government bodies move towards meeting the country's stated…
Standard Chartered to offer Islamic financial products to private clients
Standard Chartered Private Bank today announced at a press conference held in Dubai, the launch of a comprehensive suite of…
Abu Dhabi SWF sees value in emerging equities
Abu Dhabi Investment Authority (ADIA), the cash-rich emirate’s sovereign wealth fund, expects emerging market stocks to outperform in the long-term…
Oman's first Islamic bank fails to elect board – sources
Oman's Bank Nizwa, a newly-formed Islamic lender which sold shares to the public in June, failed to elect a new…
NBO EGM approves appointment of Sharia Supervisory Board
Shareholders of National Bank of Oman have approved the Board of Directors’ recommendation for the appointment of the Fatwa and…