Jordan Dubai Islamic Bank Selects SunGard’s Ambit
Jordan Dubai Islamic Bank has selected SunGard’s Ambit for credit assessment and credit portfolio monitoring to help lay the foundation…
Islamic Finance
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Dubai's ENBD seeks approval to merge Islamic units-sources
Emirates NBD, Dubai's largest lender, is seeking approval from three government bodies to merge its two Islamic banking units, sources…
KFH-Bahrain named best Islamic bank
KFH-Bahrain was voted the Best Islamic Bank in the Kingdom of Bahrain for the year 2011 at the most comprehensive…
Islamic finance makes its mark in banking
Islamic finance industry is making mark in the world and it is a good sign as it presents an opportunity…
EIIB launches sukuk fund
European Islamic Investment Bank (EIIB) plans to significantly expand the asset management business of Rasmala Investment Bank, said a press…
IDB, Albaraka, Qatar to launch $1 bln Islamic bank
The Saudi-based Islamic Development Bank (IDB), Saudi lender Dallah Albaraka Group and Qatar have signed an agreement to launch an…
Leading bankers discuss significant areas of Islamic banking
Significant areas of Islamic banking were discussed to achieve the goal of replacing a traditional banking with Islamic financial solution,…
UK Based Asset Manager Launches World's First 'Investment Sukuk'
London based Shariah-compliant asset management firm, Ethical Asset Management, has today launched the world's first ever 'Investment Sukuk' fund, which…
DFSA announces the delisting of DIB Sukuk Company Limited from the Official List of Securities
The DFSA announces the delisting of DIB Sukuk Company Limited (DIB) from the Official List of Securities following the announcement…
Baker & McKenzie Acts for Almarai in Sukuk Issuance
U.S. company Baker & McKenzie has acted for Almarai Company on the establishment of a $613.3 million (SR2.3 billion) sukuk…
Global Islamic finance assets hit $1.3 trillion – study
Islamic financial assets around the world hit $1.3 trillion in 2011, a 150 percent increase over five years as the…
New appointments at QIB
The Qatar Islamic Bank (QIB) has made some senior appointments. Constantinos Constantinides has joined QIB as Chief Strategy Officer to…