Saudi in sukuk talks
Saudi Arabia is in talks with banks about issuing a riyal-denominated Islamic bond, or sukuk, five banking sources said, as…
Islamic Finance
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Bahrain pushes Islamic bank mergers to boost capital
Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’…
Qatar to Allow Lenders to Manage Islamic Assets After Deadline
Qatari commercial banks may continue to manage Islamic assets beyond the year-end deadline to close their Islamic banking arms, the…
Sharia investing leans to West
To some observers of Islamic equity investing, Islamic or Sharia-compliant equity indexes seem to imply investing in publicly-listed companies in…
IFAAS launches first independent study of Oman's nascent Islamic finance sector
IFAAS (Islamic Finance Advisory & Assurance Services) (www.ifaas.com), the international Islamic finance consultancy, has announced the impending launch of its…
BMI Bank signs key agreement with firm
BMI Bank yesterday signed a strategic agreement with leading regional insurer Medgulf Allianz Takaful. Medgulf Allianz Takaful is a newly…
Saudi lender introduces ‘new generation’ of Islamic banking services
In a recent forum, the bank's Shari’ah advisory board members and customers discuss with Saudi Hollandi executives ideas on how…
CBN role in Islamic Liquidity Management Corporation under scrutiny
The contribution of a membership fee of N875 million to the International Islamic Liquidity Management Corporation (IILM) by the Central…
Dubai Islamic opens learning centre
Dubai Islamic Bank (DIB) has announced the opening of its new learning and development centre that will help deliver the…
Deutsche names new Islamic finance officials
Deutsche Bank today announced the appointment of Salah Jaidah as Chairman of Islamic Finance and Ibrahim Qasim as Head of…
HSBC Amanah set to tap huge opportunities in the Middle East
In a recent interview with Gulf News, Razi Fakih, Deputy CEO of Global HSBC Amanah, said that about 80 per…
Call for unifying accounting standards in GCC
Central Bank of Oman Executive President Hamoud bin Sangour Al Zadjali on Sunday called on the Gulf Cooperation Council (GCC)…