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…
Islamic Finance
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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.…
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…
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…