Thomson Reuters announces findings of its annual Sukuk perceptions and forecast study
Thomson Reuters has released the findings of a Sukuk Perceptions and Forecast Study conducted by Thomson Reuters and Zawya in…
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Saudi Arabia tops World Islamic Banking Competitiveness Report – RESEARCH
Global Islamic banking assets held by commercial banks are set to cross $1.8 trillion in 2013, up from the $1.3…
Ominvest CEO and board member resign
Oman International Development and Investment (Ominvest) said on Tuesday its CEO Shariq Azhar and a board member had resigned, with…
Wealth management will be the next area of development for Islamic finance
Wealth management will be the next area of development for Islamic finance. The availability of products and services for Muslim…
BankDhofar ready to launch Islamic Banking Services
BankDhofar is ready to launch ‘Maisarah’ Islamic Banking Services subject to the Central Bank of Oman (CBO) approval. ‘Maisarah’, meaning…
Union Bank of India to expand its overseas presence; to open offshore unit in Dubai
Public sector bank, Union Bank of India, has announced that it has been allowed to set up an offshore banking…
Standard Chartered hit by $300m in Iran fines
The UK-based bank has been fined $100m by the Federal Reserve while it will also pay the Department of Justice…
JP Morgan appoints EMEA banking head
JP Morgan has promoted Viswas Raghavan to the position of head of banking for the Europe, Middle East and Africa…
Bank Sarasin-Alpen recognized as the “Best Wealth Manager” for the second year in a row
Bank Sarasin-Alpen has won the Best Wealth Manager award at the Islamic Business and Finance Awards 2012 for the second…
CBO Board revises rules to implement Islamic banking
The Board of Governors of the Central Bank of Oman (CBO) has revised the legal framework for the banking system…
ITS receives Best Islamic Technology Provider
International Turnkey Systems was recently anointed with a new global achievement by winning the Best Islamic Technology Provider and the…
Burgan wins approval to acquire Turkish bank
Kuwait’s Burgan Bank said it has won approval from Turkey's Banking Regulation and Supervision Agency (BRSA) on a share purchase…