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…
Islamic Finance
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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…
Appleby Wins Awards for Work in Kuwait and China
Appleby has been recognised for its work in the Middle and Far East by Islamic Finance News and the Asian-…
Qatar aiming to adopt best global judicial practices
Qatar is pursuing to learn and adopt the world’s best judicial and legal practices as well as build capacity of…
Sukuk issuance forecast to surge
Global sukuk issuance is expected to rise 50 per cent this year, with companies turning to capital markets as banks…
Dubai’s Takaful Emarat starts equity fund
Takaful Emarat - Insurance P.S.C., a Dubai-based Shariah-compliant life and health insurance company, started a 20 million Saudi riyal ($5.3…
Barwa Bank Group wins top award
Barwa Bank Group has won the Islamic Finance News’ “Qatar Deal of the Year” award for its acquisition of the…
Barwa Bank Wins Islamic Finance News "Qatar Deal of the Year" Award
Barwa Bank Group, Qatar's fastest growing Shari'ah compliant banking service provider, today announced that it has won the Islamic Finance…
UGB announces net profit of US$ 1.5 million for 2011
UGB's net profit of US$ 1.5 million for 2011 (for the12 months ended 31 December, 2011) was a fall of…