Cross-border clout still denied to Islamic banks
Established in 2007, Dubai-based Noor Islamic Bank said it planned to become the world's largest Islamic lender within five years,…
Islamic Finance
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Path Solutions awarded Best Islamic IT Solutions Provider in 2012
Path Solutions has announced that it has won the prestigious 'Best Islamic IT Solutions Provider' award at the London Sukuk…
QIIB mulling sale of its Islamic bank in Britain
Qatar International Islamic Bank (QIIB), parent company of Islamic Bank of Britain (IBB), is considering the sale of the UK’s…
Bahrain 'most respected financial hub in world'
By steadfastly implementing best practices, robust regulatory principles and good governance, Bahrain now enjoys the reputation as one of the…
Sukuk industry set for 'unprecedented growth'
The global sukuk industry is witnessing unprecedented growth, complemented and triggered by diversification, an expert said. “Large pools of Muslim…
New Islamic funding facility may lure Gulf banks
Bank Negara is introducing an Islamic overnight funding facility which could encourage commercial banks from the Gulf to trade more…
The next big step for Islamic banking — Wasim Saifi
Fifteen years ago, Muslims wishing to take out a mortgage, use a credit card or deposit money into a current…
Al Baraka in Islamic finance drive
Bahrain-based Al Baraka Banking Group and the World Bank have reached an agreement to launch joint programmes under a…
Dubai JAFZA to raise $1.85 bln for redemption-source
Dubai's Jebel Ali Free Zone plans to raise $1.85 billion towards the redemption of its $2-billion Islamic bond this year…
Qatar’s banking sector top performer in GCC by far
The Qatar banking sector witnessed a robust 68% year-on-year growth in their profits in the first quarter (Q1) of this…
Zawya takaful roundtable report highlights key issues in Islamic insurance market
According to a new report released by Zawya today, Takaful, the Shariah-compliant form of insurance, holds tremendous potential but continues…
Stanchart Private Bank Launches Islamic Financial Solutions
Standard Chartered Private Bank has announced its forthcoming launch of a comprehensive suite of Islamic financial solutions for its clients.…