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…
Islamic Finance
6049 articles found
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…
Abu Dhabi Islamic Bank and UAE Exchange partner for card payments
UAE Exchange has a wide network of branches across the UAE at which ADIB Covered Cardholders can…
Abu Dhabi Islamic Bank posts 5% net profit increase
Abu Dhabi Islamic Bank (ADIB) posted a record net profit of AED 316.6 million for Q2 2011, an increase of…
Bahrain Islamic Bank, Al Salam eye $4.5 bln merger
Bahrain Islamic Bank and Al Salam Bank are in merger talks to form the Gulf Arab state's largest Islamic lender…
The holy Month of Ramadan is a time for clever marketing in UAE banks and in the Islamic banks in general
During the Holy Month of Ramadan, Islamic banks traditionally re-focus on their Corporate Social Responsibility (CSR) programmes and get into…
ABC Islamic Bank announces 264% increase in half-year profit to US$5.1 million
Net profit for the second quarter was $2.1 million compared to $3.0 million in the first quarter. Total income…
Abu Dhabi Islamic Bank gets approval to operate in Qatar
Abu Dhabi Islamic Bank has received approval from the Qatar regulator to open an Islamic branch in the wealthy Gulf…
Oman's first Islamic bank may open by end-2011
Oman's first standalone Islamic bank, Bank Nizwa, may open its doors by the end of the year or early 2012,…
NBD offers new Sharia-compliant financing
Egypt’s National Bank for Development (NDB), in collaboration with Abu Dhabi Islamic Bank (ADIB), launched a new Sharia-compliant service that…
Qatar or Bahrain to be Islamic megabank base
A long-touted $3bn Islamic megabank is more likely to be established in Bahrain although a final decision has not yet…