Al Baraka Banking Group is expanding in the Saudi market
Al Baraka Banking Group BSC (ABG), the Islamic banking group based in the Kingdom of Bahrain, announced the acquisition of…
Islamic Finance
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Abu Dhabi Islamic Bank posts record quarterly profit
Abu Dhabi Islamic Bank reported flat third quarter profits on Tuesday, citing the impact of central bank limits on lending…
CBB's governor: Islamic financial institutions to adopt good risk managment
The Central Bank of Bahrain’s (CBB’s) governor Rasheed Al-Mi’raj called on Islamic financial institutions to learn from the experience of…
‘Conference on aims at developing standards in global Islamic banking industry’
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) – World Bank Annual Conference on Islamic Banking and Finance…
Doha Bank expands into Abu Dhabi
Doha Bank Branch in the Emirate of Abu Dhabi will be the second branch after Dubai branch in the UAE.…
Islamic banks got good prospects: HSBC
Recent regulatory changes in Kuwait and Qatar, retail client preferences for Shariah-compliant banking products, and stronger balance sheets and funding…
Islamic banks need 'shake up'
Islamic banks must do more than merely rely on the Muslim faith of potential customers if they are to secure…
HSBC’s Islamic unit says funds to exceed $10bn
HSBC Amanah Securities Services, part of HSBC Holdings, will more than double the value of the Islamic funds it services…
Asiamoney awards KFH Best Islamic Bank in Kuwait in 2011
Kuwait Finance House (KFH) AGM for Investment Sector Abdul Nasser Al-Subeih received the Best Islamic Bank in Kuwait in 2011…
Middle East private equity players upbeat on prospects
Representatives of the global private equity industry, who are gathered in Dubai for the SuperReturn Middle East conference, yesterday said…
DIB launches 4-year Islamic certificate
Dubai Islamic Bank (DIB) has launched the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by sharia-compliant assets.…
Islamic finance gaining growth
The Islamic finance industry is gaining growth with each passing day due to its rising demand, and the Middle East…