MENA Private Equity Association Launches at DIFC
The MENA Private Equity Association announced its official launch at the Dubai International Finance Centre this week. The Association is…
Islamic Finance
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Qatar Islamic Bank Q4 earnings slip 33 pct, miss views
Qatar Islamic Bank posted a 32.6 percent dip in fourth-quarter net profit on Wednesday, missing analysts' forecasts. QIB made a…
Egypt preparing to issue Islamic bond – source
Egypt, which has been forced to rely on local banks for funds in the wake of last year's popular revolt,…
A.M. Best Releases Updated Criteria Report on Rating Takaful Insurance Companies
A.M. Best Co. has released its criteria report, "Rating Takaful (Shari'a Compliant) Insurance Companies." The report is currently available in…
Kuwait ready to become hub for Islamic finance — economist
There is currently a tremendous opportunity for Kuwait to profile itself as a hub for Islamic finance and Islamic banking,…
FGB set for $500m sukuk
Capital-based First Gulf Bank has mandated Citi, HSBC, NBAD and Standard Chartered banks as joint lead managers for its five-year…
UAE-based law firms bag “Best Islamic Law Firm of 2011” award
UAE based law firms; Agha & Co/Agha & Shamsi (the “Firms”) were awarded “Best Islamic Law Firms of 2011” by…
Ithmaar rolls out new sophisticated security feature
Ithmaar Bank, a Bahrain-based Islamic retail Bank, has become the first bank in Bahrain, and possibly the region, to introduce…
Majid Al Futtaim clears decks for sukuk programme
Majid Al Futtaim Holding, or MAF, has set up a $1 billion (Dh3.67 billion) Islamic bond, or sukuk, programme, paving…
Bankers defend their finance mechanism
Islamic banks vehemently maintain that there indeed is a vast difference between their operations and those of their conventional counterparts…
European Islamic Investment Bank takes strategic stake in Rasmala
European Islamic Investment Bank (EIIB) has announced that it has completed an investment in Rasmala Holdings Limited. Rasmala is a…
Omani banks set to see healthy growth
Oman’s banking sector is set to see healthy growth both in the corporate and consumer segments in the year ahead.…