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Baku to host Caspian Banking and Finance Conference and Showcase 09/03/2010 Azerbaijan Caspian Banking and Finance, the 6th Caspian International Banking and Finance Conference and Showcase, will take place Apr.13-14 in the Grand Hotel Europe.

Keen on developing Islamic finance 09/03/2010 Kazakhstan During a recent visit to Astana, foreign Islamic bankers announced that Kazakhstan is strongly interested in developing Islamic finance.

GBCORP receives Best Islamic Bank in Bahrain award from the Islamic Finance News 09/03/2010 Bahrain Global Banking Corporation [GBCORP] was recently honored with the 'Best Islamic Bank' in Bahrain award, from Islamic Finance News in Malaysia, a specialized Islamic finance magazine.

SIB AGM approves distribution of 5% monetary allotments and 5% shares 09/03/2010 United Arab Emirates Sharjah, 8 March 2010, Sharjah Islamic Bank (SIB) held its 34th Annual General Meeting (AGM) on 8 March 2010 at the Sharjah Chamber of Commerce and Industry.

KFH sees earnings flat, targets US and China 09/03/2010 Kuwait    China    United States Kuwait Finance House (KFH), the Gulf state's biggest Islamic lender, expects 2010 earnings to be in line with those in 2009.

Zain, KFH-Bahrain sign online payment agreement 09/03/2010 Kuwait Zain Bahrain recently signed an agreement with Kuwait Finance House - Bahrain (KFH-Bahrain) to provide Zain customers who have a KFH - Bahrain account the opportunity to use online facilities to pay their Zain accounts.

Adib largest net lender in UAE interbank market 09/03/2010 United Arab Emirates Abu Dhabi Islamic Bank (Adib), the oldest and the only listed Islamic bank from the capital, claims to be the largest net financier in the UAE's interbank market.

Strong profitability for Saudi-based Al Rajhi Banking & Investment 09/03/2010 Saudi Arabia The affirmation of the Individual Rating reflects Al Rajhi's large domestic franchise, wide margins and strong profitability, whilst also considering some deterioration in asset quality and some name concentration within the corporate portfolio in line with other Saudi banks.

HSBC Amanah picks up 11 accolades at the Islamic Finance News Awards 2010 09/03/2010 United Arab Emirates HSBC Amanah has collected 11 awards at the Islamic Finance News Awards 2010, which recognise excellence and leadership in Islamic finance.

Masraf Al Rayan plans two new branches Masraf Al Rayan will open two more bra 09/03/2010 Qatar Masraf Al Rayan will open two more branches in Doha within two months as part of the Qatar-based bank’s expansion programme.