Deutsche Bank Recognized As Best Islamic Trustee / Custodian
Deutsche Bank has announced Islamic Finance News has recently recognized the Bank as Best Islamic Trustee / Custodian in its…
Islamic Finance
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DIFC Investments Said to Seek $1 Billion Loan to Repay Sukuk
DIFC Investments LLC, which owns properties in Dubai’s tax-free financial center, started talks with banks for a loan to help…
Al Baraka Islamic Bank net income hits $2.5m
Al Baraka Islamic Bank saw net income reach BD978,000 ($2.5m) in 2011 compared to BD1.75 million in 2010. This drop…
BankMuscat’s Meethaq wins Best in Oman award
BankMuscat’s Meethaq Islamic Banking operations, subject to approval from the Central Bank of Oman (CBO), won the Best in Oman…
Global Takaful industry set to hit $25bn mark
Leading industry players, thought leaders and key regulators in the international Takaful (Islamic insurance) industry will take part in the…
Bank Sohar brings in Dar Al Sharia to help launch Islamic window
Bank Sohar has entered into an agreement with Dar al Sharia Legal & Financial Consultancy of Dubai, to help it…
Bank Nizwa heralds new era for banking in Oman
Bank Nizwa launched its brand-mark today and moved towards the establishment of the first Islamic Bank within the country. The…
Turkey: A bumper year for Islamic finance
The Turkish fi nancial market maintained its constant development in 2011 and recent reports from reputable international fi nancial institutions…
HSBC solely issues Almarai's debut Sukuk
HSBC Saudi Arabia said it had solely arranged and issued the first ever Sukuk program worth SR1 billion ($267 million)…
Path Solutions implements iMAL Islamic banking solution at Cihan Bank
Path Solutions announced the successful go live of iMAL at Cihan Bank, Erbil. Cihan, the first privately owned bank in…
Tunis Financial Harbour signs strategic agreement with Turkish DEMTAS Group
Tunis Financial Harbour (TFH), the flag ship project of the Bahraini based Islamic investment bank Gulf Finance House (GFH), announced…
Saudi's Dar Al Arkan confident over $1bn bond
Saudi builder Dar Al Arkan is able to repay a $1bn Islamic bond due this year and will not seek…