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…
Islamic Finance
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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.…
SABB launches Islamic Business Packages to SMEs
The Saudi British Bank (Sabb), an associated company of the HSBC Group, said it has launched a new campaign…
Identity crisis: Islamic banking – in search of a lost soul
There is no doubt that Islamic banking and finance must always fulfil the requirements of Islamic jurisprudence. However, it is…
Al-Kifah signs SR 600 m loan facility
Saudi Arabia's Al-Kifah Holding Company has signed a SR 600 million syndicated Islamic Murabaha facility agreement with a group of…
Islamic Finance Seeks Social Model
Islamic investment industry has the potential to widen its customer base by adopting a socially responsible model, experts believe. "Takaful…
Noor Islamic Bank launches two new structured investment products with 100% capital protection
Noor Islamic Bank, an Islamic bank in the United Arab Emirates, has launched two unique structured wealth management investment products,…