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…
Islamic Finance
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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…
Major Bahraini lender launch the latest Shari'a compliance product for personal finance
The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of " Tayseer "…
First Shariah-compliant hedge fund launched for retail investors
Dubai Shariah Asset Management’s flagship Kauthar Gold Fund, thought to be the world’s only Shariah-compliant equity gold hedge fund, has opened to…
Bahraini Saudi Bank, Al Salam Bank launch 'Tayseer' Shari'a compliance product
The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of 'Tayseer' promotional media…
Clifford Chance advises on $5bn of new sukuk issuances in January 2012
The Dubai office of Clifford Chance LLP has advised Emirates Islamic Bank P.J.S.C. (EIB) and Emirates NBD P.J.S.C. (ENBD) on…