Islamic banking draft moots five-member Sharia board
A five-member Sharia board, exclusive branches for window operation, clear cut segregation of conventional and Islamic banking with separate teams…
Islamic Finance
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DIB reports 2011 net profit rose y-on-y
Dubai Islamic Bank (DIB) announced its financial results for the year ending December 31, 2011, demonstrating sustained growth across the…
Al Baraka’s Turkish unit to issue $200 million Sukuk
Al Baraka Bank’s Turkish subsidiary will go ahead with a $200 million Islamic bond issue in the first quarter, after…
Is Islamic Finance a Failure? An Assessment
Oliver Agha, founding Partner of Agha & Co, a shari'ah-compliant law firm based in the United Arab Emirates (www.aghaandco.com), is…
IDB ready to fund Oman’s Islamic banking sector, public-private business ventures
Islamic Development Bank is ready to provide equity capital to Oman’s upcoming Islamic banking industry, development projects in the sultanate…
Crisis: Islamic Finance doing well, up 20% in Gulf
Islamic finance has increased exponentially in the last decade, with transactions worth more than one billion billion dollars in 2011,…
Challenges to growth of Islamic banking
Although Islamic banking has grown rapidly over the last three decades, the volume of transactions touched $1.086 trillion (Dh3.98 trillion)…
The Islamic Bank of Asia Announces Two Strategic Appointments
The Islamic Bank of Asia today announced two key senior appointments to drive the bank's focus on investment banking and…
Top law firm advises HSBC Saudi Arabia on high-profile sukuk
Allen and Overy, through its association with leading local law firm Abdulaziz AlGasim Law Firm, has advised HSBC Saudi Arabia…
CBFS teams up with BIBF to provide Islamic Banking training
The College of Banking and Financial Studies (CBFS) has announced a strategic collaboration with the Bahrain Institute of Banking and…
Citigroup looking to enter Turkey’s sukuk market
Citigroup Europe is interested in entering into the sukuk, or Islamic bond, market in Turkey, the group’s Middle East and…
UAE leads Islamic banking world
Mohamed Hamed Rashid is confident on his investment structure. Already, he has thrown over $100,000 into funding a new alternative…