IFG Islamic finance 2014 outlook survey: Hopes of a transitory slowdown in growth
As the current year began, the Islamic Finance Gateway team reached out to readers to hear their expectations for the…
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Waqf Fund joins hands with University of Bahrain
The Waqf Fund, a Bahrain-based special fund to support Islamic finance training, education and research, has joined hands with University…
CBI and Zurich International Life sign bancassurance agreement
Dubai-based Commercial Bank International (CBI) has reached an agreement to market and distribute Zurich International Life's different insurance products, including…
Saudi bank NCB prices $1.33bn sukuk
National Commercial Bank, Saudi Arabia's largest lender, has completed a 5 billion-riyal ($1.3 billion) Islamic bond issue, two banking sources…
Courting UAE investment, Lord Mayor of London talks up sukuk
Islamic financing could be used for infrastructure projects in the United Kingdom, according to the Lord Mayor of London, Fiona…
Top Barwa Bank execs speak at Islamic finance summit in London
Senior Barwa Bank executives served as resource persons during key industry discussions at Euromoney Seminars’ 13th Annual Islamic Finance Summit…
JPMorgan Said Cut Tie to Saudi Bank Amid Focus on Control
JPMorgan Chase & Co. dropped Al-Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push…
Alternatives, Technology To Highlight Asset Management in 2020: Report
Alternative assets, cost pressures and new technology are expected to take center stage in the asset management industry by the…
AUB net profit soars to $579m
Bahrain-based Ahli United Bank has reported a a record net profit of $579.4 million for 2013, up 72.6 per cent…
Dubai agrees roll-over of $10 bln crisis debt to UAE
Dubai has reached agreement on rolling over $10 billion in debt extended by the central bank of the United Arab…
Arab Banking Corp announces key revamp
Bahrain-headquartered Arab Banking Corporation has revamped its group management structure in line with its regional strategy growth strategy. ABC…
Al Salam Bank Bahrain net profit up 20%
For the quarter ended 31 December 2013, the net profit was BD3.2 million as compared to BD4.2 million for the…