Qatar- Barwa Bank launches Shariah-compliant credit card
Barwa Bank has come out with credit card that offers cash withdrawal facilities of up to 100 percent of the…
Islamic Finance
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Exclusive: AAOIFI in wide review of Islamic finance standards
Islamic finance may face its biggest shake-up in years as a top standard-setting body seeks to reform the way the…
DIB net profit rises 11% in Q1 2012
Dubai Islamic Bank (DIB) on Sunday reported a net profit of Dh245 million for the first quarter of 2012, an…
Dubai Islamic Bank launches Al Islami Aquantum Dirham Certificate
Dubai Islamic Bank (DIB) has announced the launch of the Al Islami Aquantum Dirham Certificate, a two-year Islamic certificate which…
Bahrain Islamic Bank posts $1.4m net profit
In a press release issued by the Bank, Mr. Khalid Abdulla Al-Bassam - Chairman of the Board of Directors announced…
Deloitte report: 79% of Islamic financial institutions have established a risk department
In light of the ongoing global financial climate, most world markets and sectors continue to be adversely impacted, including the…
KFH wins Best Islamic Bank in Kuwait and Middle East by EmeaFinance
Kuwait Finance House ( KFH ) won Best Bank in Kuwait and Middle East awardfrom EmeaFinance. The agency held annual…
BankMuscat to open seven branches for Islamic banking
BankMuscat, Oman’s biggest financial institution, is planning to open seven dedicated branches for offering Islamic banking services through window operations,…
Gatehouse Bank realises GBP34.4m Real Estate Investment in UK
Gatehouse Bank today announced the successful delivery of its realised investment in UK real estate, through the sale of a…
Sukuk market to set new record
The sukuk (Islamic bonds) market in the oil-rich Gulf and other countries is expected to exceed $100 billion this year…
Union National Bank's Q1 profit up, beats forecasts
Union National Bank's reported an small increase in first quarter net profit on Monday, beating analyst forecasts, helped by an…
Slower takaful growth prompts strategy rethink
Growth of the takaful or Islamic insurance business is slowing, industry statistics show, increasing pressure on the sector to boost…