HSBC completes the first government guaranteed Sukuk in Saudi Arabia
HSBC announced that it has completed the first ever government guaranteed Sukuk in Saudi Arabia for Saudi Arabia's General Authority…
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QNB Hires Barclays, Citigroup, HSBC for Possible Bond Sale
Qatar National Bank SAQ, which is bidding to buy Dexia SA’s Turkish unit Denizbank AS, hired banks to arrange meetings…
Eversheds appoints distinguished Middle East projects expert
International law firm Eversheds has appointed Trowers & Hamlins partner and energy and infrastructure specialist, Tim Armsby as a partner…
RMB Private Bank scoops 6 2012 Euro money awards
The 2012 Euromoney Private Banking Survey has awarded RMB Private Bank six awards for private banking services, most prominent of…
SEI Islamic funds' assets under management up in 2011
SEI, announced that assets under management in its Shariah-compliant SEI Islamic Investments Fund Plc increased by more than 25% in…
BNP Paribas to Continue With Bahrain Operations, Durand Says
BNP Paribas SA will continue operations in Bahrain, said Jean-Christophe Durand, the Paris- based lender’s head for the Middle East…
UAE sovereign fund tops global ranking: SWF Institute
The US-based Sovereign Wealth Fund (SWF) Institute has released its latest rankings for state-owned investment funds worldwide, with funds in…
Major Bahraini lender launch the latest Shari'a compliance product for personal finance
The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of " Tayseer "…
ITS Group Recognized for Innovative, Cutting-Edge Islamic Banking Solutions at OIEF
ITS (International Turnkey Systems Group) won yet another regional award for its innovative, cutting-edge banking and finance technology solutions. ITS…
First Shariah-compliant hedge fund launched for retail investors
Dubai Shariah Asset Management’s flagship Kauthar Gold Fund, thought to be the world’s only Shariah-compliant equity gold hedge fund, has opened to…
UNB net profit rises 11% to Dh1.5b in 2011
Union National Bank (UNB) yesterday reported a full-year net profit of Dh1.5 billion, up 11 per cent compared to Dh1.35…
Bahraini Saudi Bank, Al Salam Bank launch 'Tayseer' Shari'a compliance product
The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of 'Tayseer' promotional media…