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Dubai's MAF profit rate guidance set, pricing due Tuesday |
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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. |
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KFH leads KBC League |
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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. |
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Islamic Banking Booms in Pakistan |
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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. |
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Islamic banking forum to be held on Jan. 23 |
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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. |
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UAE Islamic Banks Account For 30% Of Global Islamic Banking Industry |
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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. |
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NCB named the Best Islamic Bank 2011 in GIFA Awards |
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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. |
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Islamic finance values hold key to innovation |
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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 |
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OIC sends humanitarian mission to Mindanao |
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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. |
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Dubai's Discourse on Islamic Finance in UAE and Europe |
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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"). |
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QFIB bags Best Investment Bank award |
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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. |
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ADIB migrates all cards to Chip and PIN technology |
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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.. |
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ADIB pays off $800m sukuk |
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Abu Dhabi Islamic Bank said it had fully paid an $800 million, five-year Islamic bond which matured on December 12, 2011. |
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Oman readying itself to welcome Islamic banking |
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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. |
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Asiamoney awards KFH Best Islamic Bank in Kuwait in 2011 |
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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. |
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Islamic finance may double in assets by 2016 |
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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. |
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Al Baraka Banking Group Holds its Twelfth Group Strategy Meeting in Bahrain |
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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 . |
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Dubai Islamic Bank wins Credit Excellence Award at international industry conf.. |
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: 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. |
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SBP launches Islamic financing for farmers |
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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. |
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West African Bankers Exposed To Islamic Banking |
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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. |
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Al Baraka Banking Group is Expanding in the Saudi Market |
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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. |
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ADIB named UAE’s overall top bank in customer service |
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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. |
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Islamic banking growing |
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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. |
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Dubai Bank receives 'Best Call Centre Performance' award |
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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. |
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KFH-Malaysia wins Best Islamic Product in Malaysian market award |
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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. |
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