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…
Islamic Finance
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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…
Qatar Islamic Bank to buy IBQ's Islamic assets
Qatar Islamic Bank will acquire the sharia-compliant corporate portfolio of International Bank of Qatar(IBQ), the Islamic lender said on Wednesday.…
NCB named the Best Islamic Bank 2011
The National Commercial Bank has achieved a new prestigious title that reconfirmed its leadership position in the Islamic banking arena,…
KFH: Wealth of ladies multiplies during 2011
Kuwait Finance House (KFH) various banking, commercial, and investment services for ladies have witnessed further development during 2011 through offering…
Islamic banking calls for technology change
As the sultanate gears up to roll out Islamic banking early next year, Omani banks are preparing to adopt necessary…
UAE is largest GCC investor in Turkey
The UAE has emerged as the largest Gulf investor in Turkey, accounting for more than half the total assets controlled…