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…
Islamic Finance
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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…
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…
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…