Maybank, Gulf Intl arrange $2.27 bln loan for Binladin
The investment banking arm of Malayan Banking Bhd and Bahrain's Gulf International Bank have arranged an 8.5 billion Saudi riyal($2.27…
Islamic Finance
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Bank Sarasin-Alpen recognised as the "Best Islamic Wealth Manager"
Bank Sarasin-Alpen won the Best Islamic Wealth Manager award at the Islamic Business and Finance Awards 2011 organized by CPI…
Standard Chartered eyes Islamic option
Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries…
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…
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…