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…
Islamic Finance
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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…
Noor Islamic to arrange $1bn Turkish debt
Dubai-based Noor Islamic Bank has arranged more than $2 billion of debt transactions in Turkey since the beginning of 2011…
Cassiopae Software Now Supports Islamic Finance
Global asset finance software leader, Cassiopae, has announced that its V4 software now supports Islamic Finance, a key requirement for…
Tamweel takes a hit as earnings fall due to litigation provision
Tamweel's earnings fell by a third as the company was forced to set aside Dh21.5 million (US$5.8m) to cover the…
International wealth management group recruits new MD from Noor Takaful
International wealth management company Globaleye has appointed Jawaid Tabassum General Manager for its General Insurance and Employee Benefits department in…