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…
Islamic Finance
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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…
Islamic Lending Grows as Western Banks Take Breather
As European banks have pulled back from overseas exposures to concentrate on cleansing their balance sheets and strengthening their core…
Standard launched for Islamic profit rate swap
In an effort to help Islamic financial institutions hedge risk, global standard-setting bodies have launched a standard contract template for…
Oman to amend banking regulations
With the draft laws for Islamic banking almost complete, Oman will also alter its existing regulations for banking in the…
Saudi British Bank Said to Raise $400 Million in Sukuk Placement
Saudi British Bank (SABB), the lender 40 percent owned by HSBC Holdings Plc (HSBA), is said to have raised 1.5…
Qatar Islamic Bank achieves PCI DSS security certification
Qatar Islamic Bank, the benchmark Islamic bank in Qatar and one of the leading Islamic banks in the world, announced…