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…
Islamic Finance
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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…
Oman launches Corporate Governance Excellence Award Competition 2011
After the success of the last year Corporate Governance Excellence Award Competition, 2010 and the positive responses Oman Centre for…
Sovereign wealth fund over mega bank?
At this year's NBAD's Global Financial Markets Islamic Forum in Abu Dhabi, I was requested to make a presentation on…
HSBC Saudi rolls out new commodity fund
Global banking giant HSBC said its Saudi unit has launched a new open-ended Shariah compliant fund - HSBC Amanah Commodity…
Tapping Islamic funds
The 7th annual World Islamic Funds and Financial Markets Conference (WIFFMC 2011) will feature critical discussions on strengthening the Islamic…
Iran hit by massive $2.6 bn banking scam
Several Iranian banks have been targeted in one of the biggest frauds in the Islamic republic's history, losing nearly $2.6…
Islamic banks eye Qatar
Islamic banks in the UAE are seeing the market 'greener' on the Qatar side in the wake of the recent…
Nakheel wrote off $21.4bn after Dubai property crash
Nakheel, Dubai’s biggest developer, told creditors it wrote down AED78.6 billion ($21.4 billion) from the value of its real estate…
BankDhofar signs agreement with Environment Society of Oman
BankDhofar recently signed an agreement with the non profit organization, the Environment Society of Oman (ESO), enabling customers to donate…
International links to boost Turkey’s Islamic banks?
Turkey’s Islamic banking sector has grown strongly over the past five years, with total sector assets accounting for about five…