Islamic wealth industry grew 15pc-20pc over the past decade
KFH-Research prepared a report about Islamic wealth management industry around the world. It stated that this industry has great growth…
Islamic Finance
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Al Hilal Bank unveils first sukuk fund
Al Hilal Bank has announced the launch of its first sukuk fund -- the Al Hilal Global Sukuk Fund --…
IBQ Wins the 'Best Private Banking Services in Qatar'
IBQ was recognized for 2012 Best Private Banking Services in Qatar for High Net Worth services by UK's Euromoney Magazine.…
Abu Dhabi Equity Partners introduces Soft Commodity backed Islamic Finance
Abu Dhabi Equity Partners, the Cayman registered Emerging Markets Sharia-compliant liquidity management instrument specialist, will be launching its suite of…
HSBC Saudi Arabia launches Amanah Sukuk Fund
HSBC Saudi Arabia has launched its new HSBC Amanah Sukuk Fund. The open-end Shariah compliant fund aims to provide investors…
Bank of Sharjah profit down 37%
Bank of Sharjah reported a net profit of Dh254 million in 2011, down 37 per cent from the Dh404 million…
Bahrain Islamic, Al Salam end merger talks
Bahrain Islamic Bank, the second-biggest Sharia-compliant lender in the country, ended talks with Al Salam Bank for a possible merger…
S&P says global crisis has boosted growth in the sukuk market
Standard & Poor's Ratings Services has published a report examining why sukuk issuance is gaining acceptance in markets beyond its…
BankDhofar set to launch Islamic banking
BankDhofar has appointed Deloitte and Touche for a market assessment and feasibility study into launching of Islamic window services at…
Abu Dhabi fund eyes sale of $1.3 bln Malaysia bank stake – sources
An Abu Dhabi sovereign wealth fund is exploring the sale of its $1.3 billion stake in Malaysian lender RHB Capital…
Egypt prepares to sell $2 bln Islamic bonds
The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2 billion through its first…
Abu Dhabi Islamic net profit up 12.8pc
Abu Dhabi Islamic Bank (ADIB) said its group net profit for 2011 surged 12.8 per cent to hit Dh1.16 billion…