takaful profit rises
Takaful International achieved significant growth in its total insurance contributions, which were up five per cent over 2010. Insurance contributions…
Islamic Finance
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Money flows into Saudi real estate bonds
A flood of money into the bonds of Saudi Arabian property developer Dar Al Arkan is due to renewed confidence…
The dynamism of Islamic banking
THE process of Islamisation of economic system appears to be gaining momentum over time as many international conventional banks have…
Jafza hires Citi to advise on $2bn bond options
Dubai's Jebel Ali Free Zone (Jafza) has hired Citigroup to advise on options for meeting a $2 billion Islamic bond…
ABC Islamic Bank announces US$8.1 million net profit for 2011
ABC Islamic Bank today announced a net profit of $8.1 million for 2011, 293% higher than last year. Total operating…
Dubai's JAFZA hires Citi to weigh $2 bln bond options – sources
Dubai's Jebel Ali Free Zone (JAFZA) has hired Citigroup to advise on options for meeting a $2 billion Islamic bond…
UAE is third-richest Islamic state
The UAE residents are estimated to be third richest in the Muslim world with per capita income of $49,600 (Dh182,…
Sarasin releases Islamic Wealth Management Report 2012
In its 2012 Islamic Wealth Management Report, "The path to corporate transformation - converting a company to Islam", Bank Sarasin…
Mega Islamic bank may be launched in 2012
A long-awaited mega Islamic bank to be headquartered in Bahrain may be launched this year and $600 million of its…
CME will boost Dubai oil bourse investment with Oman fund
CME Group Inc., the world’s largest futures exchange owner, and Oman Investment Fund will raise their respective stakes in the…
GCC forum in Oman discusses role of financial regulatory boards
A two-day conference of Gulf Cooperation Council regulatory boards kicked off on Monday and is being organised by the Omani…
HSBC Amanah is Euromoney’s Best International Islamic Bank
HSBC Amanah has again been named Best International Islamic Bank by Euromoney in its Islamic Finance Awards 2012. The annual…