Gadhafi’s exit to spur Libya’s Shariah banking
Islamic banking in Libya, where rebels stormed the capital Tripoli this week, may benefit from the departure of Moammar Gadhafi,…
Islamic Finance
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Barwa Bank's acquisition of Al-Yusr may pave way for more transactions
With four months to go for the emirate’s conventional banks which have opened Islamic banking windows (IBWs) to close them…
Al Hilal Bank plans to issue $1bn of sukuk
Al Hilal Bank is preparing for its first foray into credit markets, courting international investors with an Islamic bond sale.…
HSBC selected as best Internet bank in Qatar
HSBC Bank Middle East has been named as the Best Corporate / Institutional Internet Bank in Qatar for the second…
Study confirms banks were mixing traditional, Islamic operations
Qatar’s banking regulator asked conventional banks to close their Islamic operations because some banks were mixing up their traditional and…
Nakheel wraps up debt restructure
Dubai property developer Nakheel on Wednesday announced a Dh4.8 billion asset-backed sukuk to its trade creditors to be listed on…
Oman – Branching into Islamic banking
Since issuing a decree to establish an Islamic financial services sector in May, Oman has seen a flurry of activity…
Al Baraka Islamic Bank operating income soars
Al Baraka Islamic Bank continued its efforts in expanding business operations in Bahrain and Pakistan by building sustainable business relations…
Ithmaar opens new branch in Bahrain
Ithmaar Bank, a leading Islamic retail bank licensed by the Central Bank of Bahrain, has announced the opening of its…
Eversheds advises Barwa Bank on first Islamic window acquisition
The Doha office of international law firm Eversheds has advised Barwa Bank on the acquisition of Al Yusr, International Bank…
Islamic banking has become a reality
A team of experts is studying the legislative requirements to bring forward integrated legislation for Islamic banking and make necessary…
Oman-based lender gets Islamic banking licence
Oman’s Al Izz International Bank, a lender under formation in the Gulf Arab state, has been given a licence to…