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…
Islamic Finance
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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…
So you thought bank CEOs are highest paid? There are others, say experts
CEOs may get $700,000 plus bonuses but Shariah board members, economists, asset managers...get a better deal It's no surprise that…
Ithmaar Bank posts profit of $2.7 million
Bahrain-based Ithmaar Bank posted a profit of $2.7 million for the first nine months of the year in spite of…
French Islamic finance in focus at key forum
The 18th annual World Islamic Banking Conference (WIBC 2011) will feature a key session on "Islamic Finance New Developments in…
Abu Dhabi's ADIB eyes Islamic bond
Abu Dhabi Islamic Bank will hold investor meetings for a potential dollar-denominated Islamic bond, or sukuk, starting next week, it…
Market volatility dims sukuk sale plans
Islamic bonds have halted gains as increased volatility in global markets undermined plans by Indonesia to sell sukuk. “Given this…
Resilience of financial sector probed
During a keynote speech at the ‘Resilience of Bahrain’s financial sector’ seminar at the Gulf Hotel Convention Centre, KFH-Bahrain (Kuwait…
Major lenders extend Sharia-compliant financing scheme
Tamkeen and BMI Bank have announced the extension of their Sharia-compliant financing scheme for local private sector enterprises. With this…
ABC Islamic Bank registers nine month profit of $6.7m
ABC Islamic Bank has announced a net profit of $6.7m for the first nine months of 2011, 320% higher than…