Tamweel disputes to be moved into Dubai courts system
Disputes involving Tamweel, an Islamic home finance company based in Dubai, are being shifted to the emirate's courts and away…
Islamic Finance
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Kuwait Finance House eyes Indonesia
Kuwait Finance House (Malaysia) Bhd (KFH) is keen on expanding in Indonesia to tap Islamic banking opportunities in the world's…
KFH leads efforts to merge three Islamic banks to establish USD 400 million entity
Kuwait Finance House in Bahrain revealed that it leads efforts to arrange the merging of three Bahraini Islamic banks, which…
Emirates Islamic Bank names new CEO
Emirates Islamic Bank has named a new chief executive officer and elected a board of directors, it said in a…
Action on lack of Islamic expertise
Bahraini group that sets standards for Islamic finance in 45 countries is helping universities start courses in Sharia-compliant business practices…
HSBC Saudi introduces new commodity fund
HSBC Saudi Arabia has launched its new HSBC Amanah Commodity Index Fund. The objective of this new open-ended Shariah compliant…
Iran detains 19 suspects in $2.6bn bank fraud case
Iranian authorities have detained 19 people suspected of being involved in a $2.6 billion bank fraud scheme which is regarded…
E&Y advisor to CBO on Islamic banking rules
The Central Bank of Oman (CBO) has appointed Ernst & Young to advise the apex bank on formulating a separate…
Takaful market Set to grow in S. Africa and beyond
Another sign that the mainstream banks in South Africa are taking Islamic finance as a serious niche market business is…
Ajman Bank appoints new Chief Risk Officer
Ajman Bank recently announced the appointment of Talal Soubra as its new Chief Risk Officer (CRO). Mr. Soubra brings to…
Barclays opens Islamic window in the Dubai International Financial Centre
Barclays Bank plc announced that it has received approval to operate an Islamic Window in the Dubai International Financial Centre…
Oasis Group's CEO outlines expansion strategy
Cape Town-based Oasis Group Holdings is the pioneer of Shariah-compliant asset management, retirement and investment fund products - both equity…