Financial rivalry to boost asset industry
Rising competition among financial centres such as Dubai and Doha should help to develop the Gulf's US$50 billion (Dh183.65bn) asset…
Islamic Finance
6049 articles found
GCC Sovereign Wealth Funds monitor European opportunities
The eurozone is in crisis, and many expect that Middle East money will be used to help bail out struggling…
Bahrain plans $1bn sovereign Islamic bond
Bahrain is planning to issue a $1 billion sovereign Islamic bond and has mandated three banks for the proposed sale,…
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…
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…