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…
Islamic Finance
6041 articles found
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…
Segregation of Qatari Islamic, conventional banking will reduce risk of contagion: IMF
Complete segregation of Islamic and conventional banking in Qatar “should reduce the risk of contagion” from one segment to the…
Islamic banks misleading: clients
Clients dealing with Islamic banks in the UAE are accusing them of cheating and misleading them into investing their money…
Emirates Islamic Bank suffers Dh448m loss as expenses soar
Dubai Emirates Islamic Bank (EIB), which belongs to the Emirates NBD Group, reported a full-year net loss Monday due to…
HSBC completes the first government guaranteed Sukuk in Saudi Arabia
HSBC announced that it has completed the first ever government guaranteed Sukuk in Saudi Arabia for Saudi Arabia's General Authority…
SEI Islamic funds' assets under management up in 2011
SEI, announced that assets under management in its Shariah-compliant SEI Islamic Investments Fund Plc increased by more than 25% in…