Sukuk moving westward?
Though the Chicken Littles of the world may have been concerned that this would signal an abandonment of Sukuk across…
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Regulatory Changes Cause A Shakeout In Gulf Islamic Insurance Markets, Says Report
The Gulf states have experienced massive regulatory change with respect to insurance over the past 12 months. Recent measures…
New report explores the Egypts cards and payments industry forecasts for 2014 up to 2018
Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions…
European court rules against another Turkish bank seizure
In its ruling, the court held that, amidst the 2001 banking crisis, both the seizure of Demirbank and its sell…
Union National Bank records first-half 2015 profit of AED 1,186 million, up by 15%
Union National Bank, one of the leading banks based in the United Arab Emirates, recorded a strong increase in profit…
Kuveyt Turk subsidiary opens for Islamic business in Frankfurt
Kuveyt Türk opened a representative office in Germany back in 2004 and received a partial banking licence in 2010. The…
Saudi Arabian sovereign wealth fund eyes big return on Russia investments
The Saudi Arabia Public Investment Fund is investing $10 billion in Russia, and will create a partnership with the Russian…
UBS boosts Middle East investment banking team with Citigroup hire
UBS Group AG hired Citigroup Inc. banker Jad Damaj in Dubai to bolster its Middle East investment bank business. …
Morocco to introduce Islamic banking framework
Regional banks are looking to capitalise on Morocco’s plans to introduce Islamic banking also known as participation banking services in…
Exclusive: After EU labelling, paper proposes banking steps on Israel
The European Union agreed this week to push ahead with labelling Israeli goods made in settlements in the occupied West…
Abu Dhabi Islamic Bank Q2 net profit rises 10.5 pct, beats estimates
Abu Dhabi Islamic Bank on Wednesday posted a 10.5 percent rise in second-quarter net profit, beating analysts' estimates, as fee…
Islamic Finance System In Turkey
The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system…