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NCB named the Best Islamic Bank 2011 in GIFA Awards 27/12/2011 Awards & Honors 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.

KPMG holds training on Islamic finance 27/12/2011 Training courses MUSCAT -- KPMG, a leading international firm offering audit, tax, and advisory services recently organised a training at Crowne Plaza Hotel, Muscat on Islamic finance products and their accounting treatment under IFRS.

Khartoum to Host Islamic Financial Products Forum Next April 27/12/2011 Training courses Khartoum - Al Bayan Centre for Islamic Financial Engineering is to organize the 4th session of the Khartoum Forum on Islamic Financial Products next April.

Strong appetite for Islamic finance products in Oman 27/12/2011 Universities and colleges MUSCAT: Omani consumers have expressed a strong appetite for Islamic finance with a rapid take-up of banking products expected within the first 12 months of being launched.

Islamic finance values hold key to innovation 26/12/2011 Capital increase 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

Caglayan calls for stronger economic ties among OIC states 25/12/2011 The establishment of Islamic branches JEDDAH: Turkish Economy Minister Zafer Caglayan has called for strengthening economic and trade relations among the 57-member Organization of Islamic Cooperation (OIC) countries

OIC sends humanitarian mission to Mindanao 25/12/2011 Zakah& Charity 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.

QFIB bags Best Investment Bank award 21/12/2011 Investment funds 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.

S&P REAFFIRMS ABG’S INVESTMENT GRADE RATING UNDER THE NEW RATING METHODOLOGY 20/12/2011 Results of operations 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.

ADIB migrates all cards to Chip and PIN technology 15/12/2011 CREDIT CARD 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..