Dubai's financial district hires ex-Emaar exec as deputy CEO
A former Emaar Properties senior executive has been appointed deputy CEO of the Dubai International Financial Centre (DIFC) Authority, it…
Regulation, Risk & Compliance
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Tamwily, SRB in deal to meet shariah compliance needs
Saudi Arabia-based finance company Tamwily and Shariyah Review Bureau (SRB) have signed a partnership deal covering shariah supervision, monitoring and…
US Court Directs Bank Creditors To File Claims
A US court has directed the "reorganised Arcapita Bank BSC" to initiate transfer of claims by eligible holders. Through…
Russian Banks Warm to Shariah as Crisis Looms: Islamic Finance
Russian lenders are stepping up efforts to tap Islamic finance as international sanctions and a slump in oil prices push…
KFH: USD 350 Mln Syndicated Club Murabaha Facility for KFH-Turkey with Participation of 12 Global and Regional Banks
Kuwait Finance House has announced the successful conclusion of USD 350 Mln syndicated club murabaha facility for KFH -Turkey. …
Interview: Julius Baer CEO On Bank’s Mid-East Growth Plans
It’s around 10 am on an expectedly sunny Dubai morning as I’m escorted through to a dining table in the…
Turkey’s regulator puts Adabank up for auction again
Turkey’s Savings Deposit Insurance Fund will auction off Adabank on Feb. 4, 2015 after previous auctions did not yield results,…
Oman’s Bank Dhofar to raise capital as much as $300m
Oman’s Bank Dhofar, the third-largest lender in the sultanate by assets, plans to boost its capital by issuing up to…
Kazakhstan's Majilis ratifies double tax treaty between Kazakhstan and Qatar
Majilis, a lower chamber of Kazakhstan's Parliament has ratified the Agreement to Avoid Double Taxation between Kazakhstan and Qatar, Tengrinews…
Turkey's VakifBank eyes $300m loan for new Islamic bank
Turkey’s VakifBank’s board of directors has authorized a major loan procurement to set up an Islamic banking operation. On…
Tehran, Abu Dhabi to expand banking cooperation
Iran’s Melli (National) Bank CEO and the Head of Central Bank of the UAE met and discussed banking cooperation today.…
Al Baraka Bank complies with Basel III requirement
The General Council for Islamic Banks and Financial Institutions, the global umbrella organisation for Islamic financial institutions, Held a…