Top UAE bank's Islamic fund nets over $10mm
Top UAE bank Emirates NBD said the Islamic money market fund of its asset management unit has attracted more than…
Islamic Finance
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Five Islamic Banks From Gulf to Invest in Turkey
Five Islamic banks, each with equity capital of less than $500 million, will invest in Turkey in the next two…
More banks aim to join world’s first Sharia-compliant interbank benchmark
The recently launched Islamic Interbank Benchmark Rate (IIBR) aimed at raising the quality of the Islamic capital profile has some…
ADIB CEO is named banker of the year
Abu Dhabi Islamic Bank (ADIB) chief executive Tirad Mahmoud was named the WIBC 2011 Islamic Banker of the Year at…
IDB to help build sustainable Islamic finance
The Islamic Development Bank (IDB)Group will continue assisting in building a sustainable Islamic financial system and sound regulatory framework both…
Thomson Reuters Launches World's First Islamic Interbank Rate
Thomson Reuters today launched the world's first Islamic finance benchmark rate, designed to provide an objective and dedicated indicator for…
Islamic banks object to new lending law
Islamic banks operating in the UAE have objected to new lending rules enforced by the Central Bank early this year…
DIB's Islamic consultancy unit bags industry recognition
Dubai Islamic Bank (DIB) announced today that its Sharia consultancy subsidiary, Dar Al Sharia Legal & Financial Consultancy LLC, has…
ICD poised to boost activity
In the wake of the impact of the continuing global financial crisis, the euro zone debt crisis and the so-called…
Top Mideast banks to wed operations
An operational merger of Dubai Bank and Emirates Islamic Bank (EIB), two Islamic banking entities owned by Emirates NBD, is…
Ajman Bank appoints Head of Branches
Ajman Bank has announced the appointment of Marwan Ibrahim Al Zarooni as Vice President - Head of Branches in the…
Abu Dhabi Commercial Bank plans benchmark dollar sukuk – leads
ADCB has picked itself as well as Bank of America, J.P. Morgan Chase and Standard Charered as joint lead arrangers…