|
|
|
|
|
|
|
Dubai Islamic eyes benchmark sukuk |
|
|
|
Dubai Islamic Bank (DIB), the largest sharia-compliant lender in the emirate, is planning to issue a benchmark-sized, dollar-denominated Islamic bond, or sukuk, lead arranging banks said |
 |
|
|
|
|
|
|
|
|
|
|
Sharjah Islamic Bank appoints 45 Emirati employees |
|
|
|
Sharjah Islamic Bank (SIB) announced the appointment of 45 UAE nationals in the differennt branches and departments of SIB, during an open-day held at SIB's headquarters under the patronage and presence of HE Tariq bin Khadim, Chairman of the Directorate of Human Resources in Sharjah and HE Mohammed Abdullah, CEO of Sharjah Islamic Bank. |
|
|
|
|
|
|
Qatar picks banks for sukuk issue |
|
|
|
Qatar has mandated five banks to help arrange a new sovereign sukuk, four sources familiar with discussions said yesterday, the Gulf state's first Islamic bond in almost 10 years |
|
|
|
|
|
|
QIIB honours deputy CEO |
|
|
|
A function was organised by QIIB (International Islamic) in honour of its Deputy CEO Mohsen Mustafa, who retired from the bank service recently |
|
|
|
|
|
|
|
|
|
|
|
|
Al Baraka backs major forum |
|
|
|
Al Baraka Banking Group (ABG), as part of its leading role in supporting the development of the Islamic financial industry and in continuation of its past participations, sponsored as a platinum partner the activities of a major Islamic banking conference |
|
|
|
|
|
|
|
|
|
DIB to issue sukuk |
|
|
|
Dubai Islamic Bank (DIB) has mandated five banks for an Islamic bond, or sukuk, due to be issued at the end of May, three sources familiar with the matter said yesterday |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ithmaar Bank backs major Sharia forum |
|
|
|
Ithmaar Bank has once again extended its support for a major Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI) event in Bahrain |
|
|
|
|
|
|
Four subsidiary banking units of Al Baraka Group receive international awards |
|
|
|
Four subsidiary banking units of the Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. (ABG) received the "Best Islamic Bank" Award of 2012, as part of the annual awards that the Global Finance Magazine, which is specialized in banking and finance, awards to banks and financial institutions. |
|
|
|
|
|
|
|
|
|
KHCB-Meydan Group in $40m financing deal |
|
|
|
Khaleeji Commercial Bank (KHCB), a leading Bahrain-based Islamic retail bank, has arranged a financing deal with Meydan Group worth $40 million for the group's general working capital requirements |
|
|
|
|
|
|
Top finance award for Gatehouse Bank |
|
|
|
Gatehouse Bank, a London-based wholesale Sharia-compliant institution, has been named by Global Finance magazine as the Best Islamic Real Estate Finance Provider, at the World's Best Islamic Financial Institutions 2012 awards |
|
|
|
|
|
|
Emirates Islamic Q1 profit hits 2-year high |
|
|
|
Emirates Islamic Bank, a top Islamic financial institution, posted operating profits of Dh138 million ($37.5 million) for the first quarter of 2012, marking a 56 per cent growth as well as its highest operating profit in the last two years |
|
|
|
|
|
|
Turkish Albaraka Bank Opens Branch in Erbil |
|
|
|
The Turkish bank Albaraka has opened its first branch in Erbil, the capital of Kurdistan Region, the latest move in a series of ventures by Turkish banks to enter the Kurdish market |
|
|
|
|
|
|
|
|
|
|
|
|
Dubai launches $1.25bn, two-part Islamic bond |
|
|
|
The Dubai government launched a $1.25bn two-tranche Islamic bond yesterday, issue arrangers said, at the lower end of earlier indicated yield guidance, signalling healthy appetite for the emirate’s latest debt market foray |
|
|
|
|
|
|
Dubai plans to launch $1bn sukuk |
|
|
|
Dubai plans to launch a dual-tranche Islamic bond imminently, the issue arrangers said yesterday, that could raise at least $1 billion and attract healthy demand as the emirate puts its 2009 debt debacle behind it |
|
|
|
|
|
|
Al Rajhi plans debut sukuk sale |
|
|
|
Saudi Arabia’s Al Rajhi Bank, the world’s largest Islamic lender, is turning to the ringgit-denominated debt market for its debut sukuk sale to fund the opening of new branches in Malaysia |
|
|
|
|
|
|
Bank Nizwa IPO expected to receive good response |
|
|
|
The initial public offer (IPO) of Oman’s first Islamic bank ‘Bank Nizwa’, opened yesterday and market analysts expect a good response from both retail and institutional investors, and many believe that the IPO will be oversubscribed |
|
|
|
|
|
|
Adib launches US property investment solution |
|
|
|
Adib Private Bank, a unit of Abu Dhabi Islamic Bank (Adib), recently launched a diversified US real estate investment portfolio with Investcorp, one of largest investors in the US real estate market, as the investment manager |
|
|
|
|
|
|
SIB donates property |
|
|
|
As part of its community involvement strategy, Sharjah Islamic Bank (SIB) announced the donation of a residential property to the value of Dhs66 million |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
IFC, IDB to Invest $100 Million in MENA Infrastructure |
|
|
|
The International Finance Corp (IFC), a member of the World Bank Group, and Islamic Development Bank (IDB) jointly plan to invest up to $100 million on major infrastructure projects across the Middle East and North Africa, IFC said on Monday |
|
|
|
|
|
|
Paris seeks to become Islamic finance hub in Europe |
|
|
|
A report prepared by KFH-Research stated that new global markets are seeking to join the main players in the Islamic financing industry and services, such as France. France is working relentlessly to make numerous legal and organizational reformations to facilitate the offering of Islamic financial services and products |
|
|
|
|
|
|
|
|
|
ICD transaction adviser for Mauritanian $300m sukuk |
|
|
|
The Islamic Corporation for the Development of the Private Sector, a private sector arm of the Islamic Development Bank Group (IDBG), and the government of Mauritania yesterday inked a deal, which entitles ICD to act as the transaction adviser for the proposed revolving sukuk offering by Mauritania to the tune of $300 million |
|
|
|
|
|
|
|
|
|
ISO boost for KFH-Bahrain data centre |
|
|
|
Bahrain's (KFH-Bahrain) data centre has been awarded the information security certification ISO 27001, following a stringent audit by an international certification body. |
|
|
|
|
|
|
|
|
|
Bank Nizwa’s RO60m-IPO to open for subscription on Apr. 23 |
|
|
|
The much-awaited initial public offering of Oman’s first Islamic bank - Bank Nizwa - will open for subscription on April 23. The bank is offering 600 million shares, with a par value of 102 baisas each, including two baisas for meeting issue expenses |
|
|
|
|
|
|
Bank Albilad income up 821.6% |
|
|
|
Bank Albilad reports a net income of SR511.5m for Q1 2012 compared to the net income of SR55.5 million for the same period in 2011, with an increase of 821.6 percent and compared to net income for Q4, 2011 of SR107 million with an increase of 378 percent |
|
|
|
|
|
|
KFH-Bahrain launches new savings scheme |
|
|
|
Kuwait Finance House – Bahrain (KFH-Bahrain), a leading provider of Islamic banking services, has launched a Shari’a compliant savings account that offers prizes every month |
|
|
|
|
|
|
|
|
|
QIB net profit up 21% |
|
|
|
Earnings from its core business have helped Qatar Islamic bank (QIB) post a net profit of QR388mn in the first quarter of 2012, up 20.9% on the result for the same period last year |
|
|
|
|
|
|
Nakheel plans Dh4.8b sukuk |
|
|
|
Nakheel is all set for the second tranche of Dh4.8 billion Islamic bond, or sukuk, to be issued to its trade creditors by the end of April, chairman Ali Rashid Lootah said on Wednesday |
|
|
|
|
|
|
|
|
|
Al Baraka Banking Group is a Platinum Sponsor of AAOIFI Conference |
|
|
|
The Bahrain based leading Islamic banking group Al Baraka Banking Group (ABG), announced that, it would be taking part as a platinum sponsor in the activities of the Annual Islamic Banking and Finance Conference organized by the Accounting and Auditing Organization for Islamic Financial Institutions |
|
|
|
|
|
|
Bank AlJazira Q1 net up 131 per cent on year-ago at SAR 143 million |
|
|
|
Bank AlJazira reports net profit during Q1 amounting to SAR 143 million, compared with net profit of SAR 62 million for the same quarter in last year, which reflects a 131 per cent increase; compared to the previous quarter results with net income of SAR 110 million, that’s an increase of 30 per cent in the current period |
|
|
|
|
|
|
Dubai Bank and EIB unify top management team |
|
|
|
Emirates Islamic Bank (EIB) and Dubai Bank, two Islamic banking subsidiaries of Emirates NBD, announced yesterday that they have finalised the appointment of the unified top management team and the establishment of a unified executive committee that will manage both banks. |
|
|
|
|
|
|
Ithmaar Bank B.S.C. : Ithmaar supports university student conference |
|
|
|
In line with its long-standing commitment to playing a real and meaningful role in the local community, Ithmaar Bank, a Bahrain-based Islamic retail-focused bank, extended its support to organisers of a regional student conference that starts in Bahrain 10th of April 2012 |
|
|
|
|
|
|
|
|
|
4th Session of Khartoum Forum for Islamic Financial Products Kicks-off |
|
|
|
The 4th session of Khartoum Forum for Islamic Financial Products, organized by Bayan Centre for Islamic Financial Engineering in collaboration with the General Council for Islamic Banks and Financial Institutions, Khartoum Stock Exchange, Basant International Institution and El-Nilain Bank Group |
|
|
|
|
|
|
|
|
|
IDB approves $1.96bn in new projects |
|
|
|
The closing ceremony of the 37th annual meeting of the board of governors of the Islamic development bank (IDB) hosted in Khartoum on Thursday was marked by the signing of a number of financing agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1bn Islamic bank in Doha |
|
|
|
A tripartite agreement has been signed here yesterday to establish a large Islamic bank in Doha with a capital of $1 billion. Sudan President Omar Al-Bashir attended the signing by Qatar Islamic Bank, Islamic Development Bank and Dallah Albaraka Group. |
|
|
|
|
|
|
|
|
|
|
|
|
QIIB banks on national workforce |
|
|
|
International Islamic (QIIB) is actively participating in Qatar Career Fair as part of the bank’s initiative at developing the national workforce in its cadre. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Islamic banks soon to arrive in Croatia |
|
|
|
Islamic banks, banks which prohibit the payment or acceptance of interest or fees for loans of money, will soon arrive in Croatia. Dr. Sukrija Ramic, a member of the Sharia Board of the first Islamic bank on European soil, Bosna Bank International, has announced that legal regulations have been completed that will open the way for new Islamic banks to open in the region. |
|
|
|
|
|
|
|
|
|
|
|
|
KFH offers competitive offers for travel insurance |
|
|
|
KFHclients can also take advantage of the family protection program with monthly installments that start from KD 3, where clients select the category they wish to join, which are KD 3-7 per month per person, or KD 5-12 per month per family. |
|
|
|
|
|
|
|
|
|
|
|
|
Private sector to spur sukuk market in Gulf |
|
|
|
Growing trade in Islamic bonds or sukuk in the Gulf region this year could be driven further by increased private sector interest in sukuk on the back of strong activity by banks, said an expert ahead of a world financial congress in Dubai |
|
|
|
|
|
|
ABG pays $597m as dividend |
|
|
|
AlBaraka Banking Group (ABG) has paid $597 million to its shareholders as dividend since 2006, reflecting on the sustainable growth patterns as a group, a senior official at the bank said. |
|
|
|
|
|
|
Masraf Al Rayan, Qatar Red Crescent sign agreement for launch of charity card |
|
|
|
In a step that reinforces its commitment to serve the community and facilitates the implementation of its charitable initiatives, Masraf Al Rayan [MAR] - one of the leading Islamic banks in Qatar - signed a partnership agreement with Qatar Red Crescent Society [QRCS] to launch its charity card to help people benefit from the services of QRCS. |
|
|
|
|
|
|
SABB named best commercial bank |
|
|
|
The Saudi British Bank (SABB) has been named Best Commercial Bank Saudi Arabia 2012 by Global and Banking Finance Review, one of the most reputable online portal for news on global banking and finance industry. |
|
|
|
|
|
|
|
|
|
|
|
|
Bank Nizwa names CEO |
|
|
|
Jamil el Jaroudi has been named as the Chief Executive Officer of Bank Nizwa, following the Central Bank of Oman's formal approval |
|
|
|
|
|
|
Al Ansari Exchange partners with Islamic Finance House |
|
|
|
Al Ansari Exchange, the UAE's exchange house network that provides worldwide remittance and foreign exchange services, has announced a new partnership with Islamic Finance House (IFH) across its branches whereby IFH will issue labour guarantees for companies. |
|
|
|
|
|
|
QIB wins top award again |
|
|
|
The Qatar Islamic Bank (QIB) has been named the ‘Best Islamic Bank in Qatar’ for 2011 at the Islamic Finance News (IFN) awards |
|
|
|
|
|
|
DIB wins 3 Islamic Finance News awards |
|
|
|
Dubai Islamic Bank (DIB) won three awards at the recent Islamic Finance News Awards in the categories of “Corporate Finance,” “Restructuring” and “Structured Finance” Deal of the Year categories |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capivest buys Naseej stake in $30m deal |
|
|
|
Bahrain-based Islamic investment bank Capivest has concluded a deal worth more than $30 million with Cemena Holding Company and now owns nine per cent of Naseej, the real estate and infrastructure development company |
|
|
|
|
|
|
SIB shareholders approve Dh145.5m cash dividend |
|
|
|
Sharjah Islamic Bank (SIB) announced that its general assembly has approved the Board of Directors’ proposal to distribute a cash dividend of 6 per cent of capital, amounting to Dh145.5 million. |
|
|
|
|
|
|
Bank nizwa unveils logo |
|
|
|
At a press conference at the Grand Hyatt Muscat earlier this week, members of the founding committee including the chairman Ahmed al Rawahi and member Dr Ashraf al Nabhani, also announced its aim to launch the bank this July, and the progress they have made so far |
|
|
|
|
|
|
QIB to finance Al Sulaiteen’s expansion |
|
|
|
Qatar Islamic Bank (QIB) has signed a memorandum of understanding (MoU) with Al Sulaiteen Agricultural and Industrial Complex, to facilitate the financing of landscaping of house gardens and grounds. |
|
|
|
|
|
|
KFH mulls global real estate deals |
|
|
|
International Real Estate Department Manager at Kuwait Finance House (KFH) Ali Al-Ghannam, said that KFH is currently considering a group of real estate opportunities in global markets |
|
|
|
|
|
|
Kuwait Finance House KSC : KFH-Turkey links GCC interests to Turkey |
|
|
|
Kuwait Finance House (KFH) CEO and KFH-Turkey Chairman Mohammed Al-Omar asserted that Turkey is considered to be one of the few markets around the world that managed to avoid the negative impact of the financial crisis and the debts crisis that affected other countries that are geographically close to Turkey |
|
|
|
|
|
|
|
|
|
|
|
|
First Islamic bank from July |
|
|
|
Bank Nizwa, the first dedicated Islamic bank in Oman, is likely to start its branch operations in July this year. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tunisia Eyes Sukuk Share |
|
|
|
Tunisia's Islamist government is planning to issue the country's first Islamic bonds (sukuk) this year. |
|
|
|
|
|
|
|
|
|
Islamic banking industry in Pakistan |
|
|
|
Ripah International University deserves to be highly appreciated for its efforts in arranging events that bring together distinguished speakers from around the globe enabling the local audience to benefit from its incisive work in Islamic Finance. |
|
|
|
|
|
|
Islamic finance a viable option as alternative, says SBP chief |
|
|
|
Islamic finance is one of the most dynamic areas of financial services today and after the recent financial crisis, the Islamic financial system is increasingly being looked at as a prudent, stable and viable alternative to the conventional system. |
|
|
|
|
|
|
Anwar terms Islamic finance a dynamic area |
|
|
|
ICIB- 2012) began at National Institute of Banking & Finance (NIBAF), in Islamabad on Tuesday. The theme of the Conference is ‘Management Shariah Conforming Business: Prospects, Practices and personnel’. |
|
|
|
|
|
|
|
|
|
Shari`ah Investment for Canada Muslims |
|
|
|
Ontario – Celebrating a growing market of Shari`ah-compliant funds, Canadian Muslims are resorting to products that comply with Islamic principles for their retirement income and investments |
|
|
|
|
|
|
KZHF educational program receives financial support |
|
|
|
The educational program of the Khalifa bin Zayed Al Nahyan Humanitarian Foundation (KZHF) has received a financial support from the Dubai Islamic Humanitarian Foundation in the framework of cooperation and social partnership between the charitable and humanitarian institutions in the state |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Your Partner Bank |
|
|
|
Net Income of Al Baraka Banking Group Jumped by 10% to US$ 212 Million and Assets by 8% to US$ 17.2 Billion by End of 2011 |
|
|
|
|
|
|
|
|
|
Islamic banks 'need mergers to fill in gap' |
|
|
|
Small and medium-sized Islamic banks may need to merge if they want to become bigger regional players capable of filling the funding hole left by shrinking Western banks, the head of Islamic finance at Deutsche Bank, told Reuters |
|
|
|
|
|
|
|
|
|
Bahrain: Mega Islamic bank may be launched in 2012 |
|
|
|
hlul Bayt News Agency) - A long-awaited mega Islamic bank to be headquartered in Bahrain may be launched this year and $600 million of its $one billion capital will be contributed by Islamic banks in the Arab region, a senior banker has said |
|
|
|
|
|
|
|
|
|
Libya amending bank law to attract foreigners |
|
|
|
Libya is amending its banking laws to attract foreign investment and stimulate its private sector as it seeks to create an investor-friendly environment following last year's war that ousted Muammar Gaddafi, the central bank governor said. |
|
|
|
|
|
|
UAE third-richest Islamic country |
|
|
|
The UAE residents are estimated to be third richest in the Muslim world with per capita income of $49,600 (Dh182, 000), according to the latest study on Islamic finance and wealth management. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capinnova deploys Islamic banking solution |
|
|
|
International Turnkey Systems (ITS), a leading solution provider for Islamic and conventional banks, has completed deploying its Ethix Core solution for Islamic banking at Capinnova Investment Bank, the Sharia-compliant investment banking arm of BBK. |
|
|
|
|
|
|
|
|
|
Mega Islamic bank may be launched in 2012 |
|
|
|
A long-awaited mega Islamic bank to be headquartered in Bahrain may be launched this year and $600 million of its $one billion capital will be contributed by Islamic banks in the Arab region, a senior banker has said |
|
|
|
|
|
|
|
|
|
|
|
|
KFH Turkish unit plans lira sukuk this year |
|
|
|
Kuwait Finance House's Turkish bank Kuveyt Turk, which issued a $350 million sukuk last year, may issue a lira sukuk in Turkey this year, Murat Cetinkaya, Kuveyt Turk deputy chief executive, told Reuters. |
|
|
|
|
|
|
|
|
|
Al Hilal launches debut Sukuk fund |
|
|
|
The flagship fixed-income fund's objective is to generate regular income as well as achieve capital appreciation by investing in globally-diversified Shari’ah-compliant fixed-income securities (Sukuk) issued by sovereign, quasi-sovereign and corporate organisations. The structure of the fund is open-ended and the initial offering period will last for one month beginning February 19, 2012 |
|
|
|
|
|
|
EIB offers chance to win 12 times salary |
|
|
|
The campaign is in keeping with the values of EIB as a customer-oriented bank, where customer needs are addressed promptly and efficiently to ensure customer satisfaction, while at the same time creating a climate of greater transparency and credibility within the financial services system,” he added. |
|
|
|
|
|
|
KFH 2011 net profit reaches KD 80.3 mln |
|
|
|
Kuwait Finance House (KFH) Chairman Samir Al-Nafisi announced that the bank achieved total revenues of KD 872.1 million for the fiscal year 2011 with an increase of KD 135.8 million and 18.4% over last year, and total profit for the same year reached KD 234.8 million, including profits for investment depositors that reached KD 152.7 million. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Islamic Banking: Nigeria seeks loan from IDB |
|
|
|
Nigeria is in talks to secure a $600 million no-interest loan for infrastructure work from the Islamic Development Bank (IDB) , Minister of State for Finance Yerima Lawan Ngama said on Thursday |
|
|
|
|
|
|
Ithmaar opens new branch |
|
|
|
MANAMA: Ithmaar Bank yesterday officially opened its Busaiteen branch in its fast growing retail banking network |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Clifford Chance advises on $5bn of new sukuk issuances in January 2012 |
|
|
|
The Dubai office of Clifford Chance LLP has advised Emirates Islamic Bank P.J.S.C. (EIB) and Emirates NBD P.J.S.C. (ENBD) on the issuance by EIB Sukuk Company Ltd. of London Stock Exchange listed $500m trust certificates due 2017 (the EIB Sukuk) under its $1bn Trust Certificate Issuance Programme |
|
|
|
|
|
|
ADIB *161# Mobile Banking Enables Salik Payment |
|
|
|
Abu Dhabi Islamic Bank, top-tier Islamic financial services institution and an industry leader in new technology initiatives, has announced that customers are now able to check their balance and top up Salik accounts using the ADIB *161# Mobile Banking service |
|
|
|
|
|
|
Australia Launches First Islamic Index |
|
|
|
The international financial services information company Thomson Reuters and Australia’s first Islamic wealth manager have launched an Islamic index that will offer investors means to build an Islamic-compliant Australian equities portfolio |
|
|
|
|
|
|
Dubai's MAF profit rate guidance set, pricing due Tuesday |
|
|
|
Jan 31 (Reuters) - Price guidance for a debut dollar-denominated Islamic bond, or sukuk, from Dubai mall developer Majid Al Futtaim (MAF) Holding is in the range of 5.9 percent to 5.95 percent profit rate, with final pricing expected Tuesday, leads said. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KFH leads KBC League |
|
|
|
The Kuwait Finance House claimed top spot of the KBC Football League after beating the International Bank 4-0 in second week of competition, which also saw the National Bank Club rout the Industrial Bank 7-0. |
|
|
|
|
|
|
Islamic Banking Booms in Pakistan |
|
|
|
KARACHI – Driven by faith which prohibits usury, Pakistanis are increasingly turning to Islamic banking, making it one of the fastest growing sectors in the South Asian Muslim country. |
|
|
|
|
|
|
Islamic banking forum to be held on Jan. 23 |
|
|
|
MUSCAT Oman First Islamic Finance & Banking conference, organised by Al Iktissad Wal Aamal Group in collaboration with the Central Bank of Oman (CBO), will be opened on January 23 at Al Bustan Palace Hotel. |
|
|
|
|
|
|
UAE Islamic Banks Account For 30% Of Global Islamic Banking Industry |
|
|
|
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, highlighted the important role played by the Islamic banking sector in promoting economic and financial growth in the UAE. This was revealed in Abu Dhabi 2011 Report unveiled by Oxford Business Group in collaboration with ADIB. |
|
|
|
|
|
|
NCB named the Best Islamic Bank 2011 in GIFA Awards |
|
|
|
The National Commercial Bank has achieved a new prestigious title that reconfirmed its leadership position in the Islamic banking arena, following an announcement that was recently made in Oman, naming NCBNCB as the Best Islamic Bank of the year. |
|
|
|
|
|
|
|
|
|
|
|
|
Islamic finance values hold key to innovation |
|
|
|
In the aftermath of the global financial crisis which was precipitated inter alia by the conduct and perceived greed of bankers chasing profits and bonuses seemingly at any cost, there has been a revisiting of the philosophy of banking and finance especially its relationship to the public good and the real economy |
|
|
|
|
|
|
|
|
|
OIC sends humanitarian mission to Mindanao |
|
|
|
JEDDAH: The Organization of Islamic Cooperation (OIC) is sending a humanitarian mission to Mindanao in Philippines, to take account of the situation there following a devastating storm last week. |
|
|
|
|
|
|
Dubai's Discourse on Islamic Finance in UAE and Europe |
|
|
|
The Dubai International Financial Centre ("DIFC"), the financial and business hub connecting the region's emerging markets with the developed markets of Europe, Asia and the Americas, hosted "UAE and Spain: Economic and Financial Cooperation", an investment conference held in association with the Madrid Centro Financiero ("MCF"). |
|
|
|
|
|
|
QFIB bags Best Investment Bank award |
|
|
|
Doha: Qatar First Investment Bank (QFIB), Qatar’s independent shariah compliant investment bank, has won the accolade of “Best Investment Bank in the GCC for 2011” amongst 11 regional players in this category. |
|
|
|
|
|
|
ADIB migrates all cards to Chip and PIN technology |
|
|
|
Abu Dhabi Islamic Bank, a top-tier Islamic financial services institution, announced today that it is on track to migrate all of its Visa Covered and Debit cards to the new generation Chip & PIN cards.. |
|
|
|
|
|
|
ADIB pays off $800m sukuk |
|
|
|
Abu Dhabi Islamic Bank said it had fully paid an $800 million, five-year Islamic bond which matured on December 12, 2011. |
|
|
|
|
|
|
Oman readying itself to welcome Islamic banking |
|
|
|
Since Islamic banking and finance has become a reality in Oman following the Royal Directive, authorities have rushed to take necessary steps to establish a regulatory atmosphere for sharia compliant banking and investment. |
|
|
|
|
|
|
Asiamoney awards KFH Best Islamic Bank in Kuwait in 2011 |
|
|
|
Kuwait Finance House (KFH) AGM for Investment Sector Abdul Nasser Al-Subeih received the Best Islamic Bank in Kuwait in 2011 award from Asiamoney during a celebration at Hong Kong for the second consecutive year. This new accomplishment cements KFH's status as best Islamic bank in Kuwait, and reflects its keenness to offer quality services to its clients. |
|
|
|
|
|
|
|
|
|
|
|
|
Islamic finance may double in assets by 2016 |
|
|
|
The global debt crisis may help Islamic finance nearly double to $1.8 trillion in assets by 2016 as stagnant corporate lending pushes institutions to seek alternative financing to traditional methods, according to a report by Deutsche Bank. |
|
|
|
|
|
|
|
|
|
Al Baraka Banking Group Holds its Twelfth Group Strategy Meeting in Bahrain |
|
|
|
The Bahrain based Al Baraka Banking Group will hold its 12th Group Strategy Meeting in Bahrain on 16th and 17th November 2011. Member of the Board of Directors and President & Chief Executive of Al Baraka Banking Group, Mr. Adnan Ahmed Yousif will chair the meeting which will be attended by the President and Chief Executive Officers and General Managers of the Group’s Units around the world . |
|
|
|
|
|
|
|
|
|
SBP launches Islamic financing for farmers |
|
|
|
The State Bank of Pakistan (SBP) has announced that it has developed a model Islamic product based on the concept of “Salam” to meet production finance (working capital) needs of the farming community. |
|
|
|
|
|
|
West African Bankers Exposed To Islamic Banking |
|
|
|
Member countries of the West African Institute for Financial and Economic Management (WAIFEM) are currently on a weeklong regional training course on rudiments of interest free banking under the Islamic Law. |
|
|
|
|
|
|
Dubai Islamic Bank wins Credit Excellence Award at international industry conf.. |
|
|
|
: Dubai Islamic Bank (DIB) announced today that its Retail Credit Department has won the "Credit Excellence Award" at the world's leading credit industry conference. Reflecting DIB's overall focus on international best practice risk management, the award, offered in the "Risk Category," was presented to the bank at a high-profile ceremony earlier this month in London. |
|
|
|
|
|
|
Al Baraka Banking Group is Expanding in the Saudi Market |
|
|
|
Al Baraka Banking Group BSC (ABG), the leading Islamic banking group based in the Kingdom of Bahrain, announced the acquisition of 60% of the issued shares of Al Tawfeek Financial Group through its subsidiary in Bahrain, Al Baraka Islamic Bank. |
|
|
|
|
|
|
Islamic banking growing |
|
|
|
Islamic system of banking is rapidly growing in Pakistan with annualised growth rate of one percent. That is the highest growth rate of this industry in the world. “The market share of Islamic banking in Pakistan has gone up to 7 percent and, with the current annualised growth rate, it is expected to achieve 15 percent market share in the next five year”, Pervez Said, President and CEO of Burj Bank. |
|
|
|
|
|
|
|
|
|
Dubai Bank receives 'Best Call Centre Performance' award |
|
|
|
Dubai Bank announced today that it has won the Ethos Consultancy award for "Best Bank - Call Centre Performance" at the 2011 Bank Benchmark Index Awards. Hisham Hammoud, Chief Operating Officer and Head of Retail of Dubai Bank, was presented with the accolade by Philip Forrest, President of The International Customer Service Institute, during UAE Customer Service Week. |
|
|
|
|
|
|
ADIB named UAE’s overall top bank in customer service |
|
|
|
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic finance institution, was named UAE’s ‘Overall Top Bank in Customer Service’ at the 7th Annual Bank Benchmarking Index for service excellence by Ethos Consultancy. Over the years, ADIB has made a consistent and continuous journey towards the top rank. |
|
|
|
|
|
|
KFH-Malaysia wins Best Islamic Product in Malaysian market award |
|
|
|
Kuwait Finance House Malaysia (KFH-Malaysia) won Best Islamic Product in Malaysian market award through its gold account at the Islamic Finance Forum in Malaysia. The award was handed to the bank's CEO Jamila Jamal Al-Deen in a celebration that was attended by Malaysian Minister Nour Bin Yaqoub, in addition to other senior officials at various Islamic banks around the world. |
|
|
|
|