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ANKARA, 7 Rabi al-Awwal/30 Jan (IINA)-Bahraini lender Al Baraka Bank’s Turkish subsidiary will go ahead with a $200 million Islamic bond issue in the first quarter, after delaying a sale last month due to pricing concerns, the bank’s chief executive said. |
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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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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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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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Al Baraka Banking Group (ABG) announced today that Standard & Poors (S&P) reaffirmed ABG’s investment grade long term counterparty credit rating of BBB- / A-3 (Short Term) with a Negative Outlook, according to a new rating methodology just introduced by S&P and applied to all institutions rated by it. |
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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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International Islamic (QIIB) chairman and managing director Sheikh Dr Khalid bin Thani al-Thani, also vice chairman of the Qatari Businessmen Association, met Morocco’s new Prime Minister Abdelilah Benkirane and discussed the prospects of setting up an Islamic bank and an insurance company in the North African country |
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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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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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Al Baraka Islamic Bank BSC (c), a subsidiary banking unit of Al Baraka Banking Group, announced that it continued to achieve excellent results during the first nine months of 2011. The financial statements of the Bank for the first nine months of 2011 show that net income has amounted to BD 1.36 million during the first nine months of 2011 compared to BD 388 thousand during the same period of 2010. |
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