Global Takaful industry set to hit $25bn mark
Leading industry players, thought leaders and key regulators in the international Takaful (Islamic insurance) industry will take part in the…
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Bank Sohar brings in Dar Al Sharia to help launch Islamic window
Bank Sohar has entered into an agreement with Dar al Sharia Legal & Financial Consultancy of Dubai, to help it…
Emirates NBD plans 15 pct staff cut
Emirates NBD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of…
Warba Bank names retail banking chief
Kuwait-based Warba Bank has appointed Adnan Salman Al Salem as its chief retail banking officer. Al Salem was one of…
Bank Nizwa heralds new era for banking in Oman
Bank Nizwa launched its brand-mark today and moved towards the establishment of the first Islamic Bank within the country. The…
Turkey: A bumper year for Islamic finance
The Turkish fi nancial market maintained its constant development in 2011 and recent reports from reputable international fi nancial institutions…
KFH total assets up 467% to KD 13.5 bn
Most basic financial Kuwait Finance House (KFH) indices have witnessed significant growth during the past 11 years, where the bank…
ABK posts KD 50.3m 2011 net profit
Al Ahli Bank of Kuwait (ABK) posted a net profit of KD 50.3 million and earnings per share of 35…
Dubai bourse appoints ex-BarCap futures chief
The Dubai Mercantile Exchange, which is looking to expand following a capital injection by its largest shareholder, has appointed a…
Julius Baer celebrates opening of Representative Office in Tel Aviv
Official opening on Rothschild Boulevard complements global network Julius Baer, the leading Swiss private banking group, today celebrates the opening…
HSBC solely issues Almarai's debut Sukuk
HSBC Saudi Arabia said it had solely arranged and issued the first ever Sukuk program worth SR1 billion ($267 million)…
BNY Mellon appointed delegate and paying agent on new sukuk programme
BNY Mellon, the global leader in investment management and investment services, has been appointed delegate, principal paying agent, registrar and…