International Bank of Qatar sells its Islamic banking operations to Barwa Bank
International Bank of Qatar (IBQ) announced the sale of its Al Yusr Islamic banking retail operations to Barwa Bank. This…
Islamic Finance
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How to become an ethical investor
Question: As a Muslim and as part of the spirit of Ramadan I have been thinking about becoming more ethically…
National Bank of Oman sees profit growth slowing
National Bank of Oman, the sultanate's second-largest lender by assets, may see its profit growth slow for the full year…
Bahrain bank merger a litmus test for Gulf
The planned merger of two Bahraini banks, intended to create the largest Islamic lender in the Gulf Arab kingdom, could…
Bahrain's Al Salam Bank and BISB hire KPMG Fakhro for planned merger
Bahrain Islamic Bank (BISB) and Al Salam Bank have hired KPMG Fakhro for their planned mega merger. The two Bahraini…
Alpen Capital to offer Islamic advisory services
Alpen Capital LLC, Oman has received approvals from the Capital Market Authority, Sultanate of Oman to provide advisory services in…
Alpen Capital gets ok for Islamic services in Oman
Investment bank Alpen Capital has gotten approval to become the first firm to offer Islamic advisory services in Oman, the…
Hawkamah and ICLIF sign MoU for partnership
Dubai-based Hawkamah Institute for Corporate Governance, its sister institute Mudara Institute of Directors and the Kuala Lumpur-based ICLIF Leadership and…
Global financial turmoil casts shadow over recovery of sukuk market
The cost of insuring Islamic bonds has risen to a six-week high as global financial turmoil threatens a regional recovery…
Islamic finance industry needs consolidation
One of the most overused words in Islamic finance is consolidation. Islamic banks, leasing companies and Takaful companies need to…
BankMuscat gears up for Islamic banking
BankMuscat, the Sultanate' biggest bank, is fully geared to roll out Islamic banking products, once the regulatory framework is in…
Al Baraka’s H1 income surges 15pc to $353m
After deducting all operating expenses, net operating income was up 13 per cent to $170m. The net income…