KFH Board Approves New Strategy
Kuwait Finance House's Board of Directors has approved a new five-year strategy and transformation program designed to raise the bank's…
Islamic Finance
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ICSFS Successfully Showcases its ICS BANKS® ISLAMIC Solutions at Oman Islamic Economic Forum
ICSFS, a leading global provider of banking and financial services technology solutions, announced its successful participation in the two-day event,…
85pc of Omani consumers want Islamic finance products
There is strong appetite among Omani consumers for Islamic finance with many keen to take it up as soon as…
Bahrain-based bank named best sukuk arranger
Bahrain-based Gulf International Bank (GIB) was recently named the “Best Sukuk Arranger” for the year 2011 by Dubai’s Islamic Business…
ITS have received the highest rank of Implementing Islamic systems by IBS intelligence
ITS group, the global leader in ethical banking solutions for Islamic banks and Islamic financial organizations, have gained the highest…
Top Islamic lender said to hire banks for possible bond sale
Emirates Islamic Bank, a unit of Emirates NBD PJSC, hired six banks to manage the possible sale of a benchmark…
Global law firm advises Emaar on financing deal
International legal practice Norton Rose (Middle East) said it had advised Emaar Properties on the Dh3.6 billion ($1 billion) Shariah…
Aldar fears fade after $4.6bn Abu Dhabi bailout
Aldar Properties Islamic bonds rallied the most in eight months after the developer got AED16.8bn ($4.6bn) from the Abu Dhabi…
IFC invests $170 million in BankMuscat
IFC Capitalization Fund will invest $170 million in subordinated debt in BankMuscat, the largest commercial bank in the Sultanate of…
Goldman advisor defends $2 bln Islamic bond scheme
An advisor to Goldman Sachs has defended the U.S. bank's $2 billion Islamic bond programme against criticism it may contravene…
Path Solutions on top for the fourth time in a row
Path Solutions has announced that it has been selected as ‘Best Islamic Technology Provider of the Year’ in REDmoney’s IFN…
BankMuscat wins pioneer of Islamic banking award
MUSCAT BankMuscat’s Meethaq Islamic Banking operations, which awaits approval from the Central Bank of Oman, has won the Pioneer of…