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.…
Islamic Finance
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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…
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…