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UAE Islamic Banks Arrange $175m Financing for Sri Lankan Airlines

UAE Islamic Banks Arrange $175m Financing for Sri Lankan Airlines

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Tuesday, 03 July 2012 01:58
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Qatari Islamic Financial Group Secures Mall Deal

Qatari Islamic Financial Group Secures Mall Deal

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Tuesday, 03 July 2012 01:58
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Omans First Islamic Bank to Reap Profits in 2014

Omans First Islamic Bank to Reap Profits in 2014

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Tuesday, 03 July 2012 01:56
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Experts opine that Islamic investment industry has the potential to widen its customer base by adopting a socially responsible model

Islamic Finance Seeks Social Model

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Sunday, 01 July 2012 21:59
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Morocco to Commence Islamic Banking

Morocco to Commence Islamic Banking

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Friday, 03 February 2012 03:15
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Doha Bank Continues to Find Success

Doha Bank Continues to Find Success

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Sunday, 22 January 2012 19:48
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Standard Chartered New Islamic Banking Branch Opens

Standard Chartered New Islamic Banking Branch Opens

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Sunday, 22 January 2012 19:47
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HSBC Amanah Opens New Branch in Malaysia

HSBC Amanah Opens New Branch in Malaysia

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Sunday, 22 January 2012 19:46
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Morocco's Scope for Islamic Finance

Morocco's Scope for Islamic Finance

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Sunday, 22 January 2012 19:44
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Bangladeshi Government Reduces Import Financing

Bangladeshi Government Reduces Import Financing

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Sunday, 22 January 2012 19:43
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Ahli Bank Plans Launch of Islamic Banking Services in Oman

Ahli Bank Plans Launch of Islamic Banking Services in Oman

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Sunday, 22 January 2012 19:42
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CIMB Launches Three Islamic Funds for Global Investors

CIMB Launches Three Islamic Funds for Global Investors

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Sunday, 22 January 2012 19:41
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ITFC Signs Islamic Trade Finance Deal with Indonesia

ITFC Signs Islamic Trade Finance Deal with Indonesia

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Sunday, 22 January 2012 19:40
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Islamic Development Bank Assists with Power Project

Islamic Development Bank Assists with Power Project

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Sunday, 22 January 2012 19:39
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Sarawak Increases Sukuk Issuances in 2012

Sarawak Increases Sukuk Issuances in 2012

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Sunday, 22 January 2012 19:38
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Islamic Banking and Finance Forum Commences in Oman

Islamic Banking and Finance Forum Commences in Oman

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Sunday, 22 January 2012 19:32
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The delivery into receivership of Canada’s largest Islamic bank last November, UM Financial, has triggered a debate over the status of Islamic finance within Canada, with some critics having called for it to be banned from the nation.

Collapse of UM Financial Raises Doubts about Future of Islamic Banking in Canada

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Monday, 09 January 2012 20:37
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Key figures within the Islamic finance industry from across the world participated in the Oman Islamic Economic Forum 2011, a two day event held from the 17-18th December in the nation’s capital of Muscat at the Al Bustan Palace Ritz Carlton Hotel.

Oman Islamic Economic Forum a Success

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Saturday, 07 January 2012 00:11
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A report upon the retail market in Oman has found that 85% of Omani consumers would use Islamic financial products and services if they were available within the sultanate.

Islamic Finance Set To Shape Oman’s Future

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Saturday, 07 January 2012 00:10
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With the Central Bank of Oman due to introduce Islamic finance models in Oman by the end of this year’s first quarter, PricewaterhouseCoopers (PwC) has announced the launch of an Oman-based academy.

PricewaterCoopers to Launch Professional Services Academy in Oman

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Saturday, 07 January 2012 00:10
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The Central Bank of Oman (CBO) is due to offer a new Islamic banking model within the next year, bringing Islamic financial structures into the country for the first time.

Oman to Offer Islamic Financing Models

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Saturday, 07 January 2012 00:09
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The Dean of Islamic Banking and Financial Institutions at International Islamic University Malaysia has been appointed Director General of the Islamic Research and Training Institute (IRTI).

Islamic Research and Training Institute Appoints First Malaysian Director General

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Saturday, 07 January 2012 00:09
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Bank Negara, the central bank of Malaysia, has released it’s Financial Sector Blueprint (FSBP) for 2011-2020, which sets out an ambitious path for the development of Malaysia’s economy, and places emphasis on the financial sector being the key source of growth over the coming years.

Central Bank of Malaysia Releases Plans for up to 2020

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Saturday, 07 January 2012 00:08
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The International Turnkeys Systems Group (ITS) was awarded the title of ‘Best Technology Provider of the Year’ at the Islamic Banking and Finance Awards Ceremony.

ITS Wins Technology Provider Award

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Saturday, 07 January 2012 00:07
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Following the announcement of Saudi Arabia’s budget last week in the capital of Riyadh, despite the lack of mention of Islamic finance models, they are expected to grow in popularity within the nation over the coming year.

Saudi Budget Report Suggests Growing Role for Islamic Finance Across Nation

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Saturday, 07 January 2012 00:06
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International law firm Norton Rose has stated that it has advised Emaar Properties on the 3.6 million Dirham (US $1 billion) Shariah-compliant investment secured for The Dubai Mall.

Norton Rose Advises On Dubai Mall Development

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Saturday, 07 January 2012 00:06
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Leading lawyer Christopher Aylward has joined the international law firm Baker Botts as a partner. A well-known figure within the Islamic finance sector, Aylward has worked extensively within the areas of project finance, trade finance and syndicated facilities, and has been credited for his innovative approach within a number of transactions.

Leading Lawyer Joins Law Firm's Bahrain Office

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Saturday, 07 January 2012 00:03
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It has been reported that the Kingdom of Saudi Arabia are nearing the issuance of their 2012 debut sukuk but whether the sovereign Saudi Arabia is any nearer to issuing a debut sukuk in early 2012 as market speculation suggests must remain a moot point.

Saudi Arabia 2012 Debut Sukuk

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Tuesday, 27 December 2011 18:00
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It has been reported that a leader of the ruling Congress Party of India has emphasized the need to introduce an interest-free Islamic banking and financial system in the country in order to improve the economic condition of its poor through microfinance and mobilize funds required for the country's infrastructure projects.

India Encouraged to Promote Shariah Compliant Banking

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Tuesday, 27 December 2011 17:59
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It has been reported that the Students of the College of Commerce and Economics at the Sultan Qaboos University (SQU) who participated in the first Islamic economic forum.

Oman Holds Two Day Islamic Finance Forum

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Tuesday, 27 December 2011 17:56
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Bangladesh Bank is going to introduce the Islamic money market by this month to facilitate liquidity management of the Shariah-based Islamic banks, a top official at the central bank said.

Bangladesh To Introduce Islamic Money Markets

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Friday, 23 December 2011 18:12
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It has been reported that the Malaysian Prime Minister Najib Razak unveiled fresh plans to liberalise the country’s financial sector in a bid to develop it as an international Islamic hub.

Malaysia Plans to Spur Islamic Banking Sector

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Friday, 23 December 2011 18:12
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It has been reported that Barwa Bank, one of the country’s fastest growing Shariah compliant banking provider has launched "Prestige Banking", its branded service.

Barwa Bank Launches A Prestige Banking Line

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Friday, 23 December 2011 18:11
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Path Solutions has received the 'Best Islamic Technology Provider of 2011' award at the recently concluded Global Islamic Finance Awards organized by Edbiz Consulting in Oman.

Path Solutions Wins Best Islamic Technology Provider 2011

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Friday, 23 December 2011 18:10
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It has been reported that regulators, leaders of the key global industry standard-setter the Islamic Financial Services Board, professional services firms, and executive Islamic bankers joined Deloitte experts to focus on the topics of risk management and regulation of institutions offering Islamic financial services, as well as lessons learned from the global financial crisis.

Deloitte Experts in Islamic Finance Address Risk Management

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Friday, 23 December 2011 18:09
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It has been reported that the Malaysian Prime Minister Najib Razak unveiled fresh plans to liberalise the country’s financial sector in a bid to develop it as an international Islamic hub.

Malaysia Plans to Spur Islamic Banking Sector

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Friday, 23 December 2011 18:08
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Bank Muscat announced the decision of its Board of Directors to set up an independent Islamic banking window at the Bank and launch Islamic banking operations by unveiling the logo of its Islamic banking window under the brand name "Meethaq," that includes a number of scholars from within and outside the Sultanate.

Meethaq Islamic Banking Window Launches in Oman

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Friday, 23 December 2011 18:07
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Oman Chamber of Commerce and Industry (OCCI) and the Federation of the GCC Chambers in conjunction with the Islamic Development Bank will organise a forum on ‘Invest in Oman 2011’ on December 21st 2011.

Investment Forum for GCC Countries

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Friday, 23 December 2011 18:07
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It has been reported that Mashreq Al Islami, the Islamic banking division of Mashreq was awarded "Best Islamic Window" for the second consecutive year at the Annual Islamic Business and Finance Awards.

Mashreq’s Islamic Unit Wins Top Award

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Friday, 23 December 2011 18:05
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The manager of Kazakhstan’s National Export and Investment Agency (KANEX INVEST) has extended an invitation for foreign businesses to invest in its Islamic finance sectors, voicing hopes that Kazakhstan will go on act as a ‘regional hub for Islamic finance’.

Kazakhstan extends invitation for foreign investment in Islamic services

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Friday, 23 December 2011 18:04
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It has been reported that Emaar Properties PJSC,one of the United Arab Emirates’ biggest developers, agreed to 3.6 billion dirhams ($980 million) in financing at a price lower than its existing debt in order to help extend maturities.

Emaar Raises $980 Million Financing

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Friday, 23 December 2011 18:02
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It has been reported that the renowned Bank Islam Malaysia is working towards its third initial public offering (IPO), in line with the bank’s efforts to increase its non-fund based income.

Bank Islam Malaysia Seeks to Win Third IPO

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Friday, 23 December 2011 18:02
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It has been reported that Qatari commercial banks must transfer accounts from Islamic windows into a portfolio to be held by the central bank until they mature but commentators concerned over future competition in bankingQatar Central Bank (QCB) will manage the Islamic assets separately.

Qatar Central Bank to Hold Islamic Assets

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Friday, 23 December 2011 18:01
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The Islamic Development Bank (IDB) would extend long term lease finance (Ijara) facility up to US $60 million to Star Hydro Power Limited for the development of the Patrind hydropower project.

IDB Issues $60 Million for Hydropower Project

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Monday, 19 December 2011 14:39
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It had been reported that more than 250 distinguished regional and global industry professionals from around the world joined together in honouring the outstanding performance of leading Islamic financial institutions and individuals at yesterday’s prestigious annual Islamic Business & Finance Awards, where a total of 31 accolades were granted. Held at Emirates Towers hotel in Dubai, the gala ceremony celebrated achievement among top Islamic bankers, financiers and Islamic banking and finance institutions.

Islamic Business & Finance Awards Sees Two First Time Winners

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Monday, 19 December 2011 14:39
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"The sukuk market is the fastest growing part of Islamic finance. Indeed it is one of the fastest growing segments in the global financial market. Having attracted interest from the business community worldwide, it has helped place Islamic finance as a viable industry and as an asset class that is not confined to Muslim countries but as part and parcel of the international financial market," says Muhammad Al-Bashir Muhammad al-Amine.

The Flourishing International Sukuk Market

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Monday, 19 December 2011 14:38
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It has been reported that RAM Ratings has reaffirmed the enhanced AAA(s) rating of KL International Airport Berhad's ("KLIA Berhad" or "the Company") RM4.06 billion Bai' Bithaman Ajil Notes Issuance Facility (2003/2015) ("KLIA Notes Facility"), with a stable outlook.

RAM Ratings reaffirms AAA(s) rating of KLIA Berhad's Islamic Notes

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Monday, 19 December 2011 14:37
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Malaysia is expected to continue its strong 60% contribution to global sukuk issuance next year, bolstered by projects under the Economic Transformation Programme (ETP).

Malaysia's Continued Global Sukuk Market Domination

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Monday, 19 December 2011 14:36
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The Islamic mortgage finance provider Sakana recently completed its 5thanniversary of successful commercial operations.The boutiquemortgage provider continues to be a catalyst for the prosperity of the housing sector by offering wide range of holistic housing solutions.

Sakana Rewards Customer Loyalty

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Monday, 19 December 2011 14:35
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It has been reported at the launch of the World Bank's Multilateral Investment Guarantee Agency (MIGA's) 2011 World Investment and Political Risk report in London, Ravi Vish, director and chief economist of MIGA, confirmed that demand for political risk insurance (PRI) has increased to unprecedented levels, with PRI supply by members of the Berne Union remaining robust and pricing reflecting a buyer's market.

Shariah Compliant Political Risk Insurance Demand Rises

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Monday, 19 December 2011 14:35
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The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, said that Elaf Bank, a wholesale Islamic bank licensed by the Central Bank of Bahrain, has become a registered user of Bait Al Bursa, the Islamic finance division of the BFX.

Elaf Bank joins the BFX’s Bait Al Bursa Platform

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Monday, 19 December 2011 14:34
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Saudi Arabia is in talks with banks about issuing a riyal-denominated Islamic bond, or sukuk, five banking sources said.

Saudi Arabia to Issue Innovative Riyal Sukuk By Early 2012

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Monday, 19 December 2011 14:33
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It has been reported that the Islamic Finance Advisory and Assurance Services IFAAS, the international Islamic finance consultancy, today announced the impending launch of its report, 'Islamic Finance in Oman - Sizing the retail market', analysing the retail market for Islamic finance in Oman.

IFAAS Launches First Study of Oman's Islamic Finance Sector

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Wednesday, 14 December 2011 21:03
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It has been reported that Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’ capital bases, a senior official said

Bahrain Seeks Islamic Bank Mergers to Boost capital

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Wednesday, 14 December 2011 21:02
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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.

QIIB Leads Plan for Morocco Islamic Banking

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Wednesday, 14 December 2011 21:01
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KPMG announced member firm combined revenues totaling $22.7 billion for the fiscal year ending September 30, 2011, a 10.1 percent increase in U.S. dollars, or 6.2 percent in local currency terms.

KPMG Reports FY11 Revenues of US$22.7 Billion

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Wednesday, 14 December 2011 21:00
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The Islamic Bank of Britain has unveiled its new purchase plan where it has entered the buy-to-let market with the launch of a Shariah-compliant financial product aimed at landlords who are both Muslim and Non Muslims.

Islamic Bank of Britain Unveils Purchase Plan

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Wednesday, 14 December 2011 20:59
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It has been reported that Barwa Bank has formed a strategic partnership with Allianz Takaful, - QFC Branch, Qatar, a major player in the Family Takaful segment, to become the first Islamic bank to offer a comprehensive range of Shari'ah compliant unit linked takaful products to its customers.

Barwa Bank to Offer Shari'ah Compliant Unit Linked Takaful Products in Qatar

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Wednesday, 14 December 2011 20:58
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United Arab Emirates (UAE)’s leading businesswomen are looking into investment opportunities to work with Malaysians in two areas – Islamic finance and halal food.

UAE Business Women Looking For Investments in Islamic Finance

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Wednesday, 14 December 2011 20:58
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Bank Islam Malaysia Bhd is eyeing opportunities for expansion in Indonesia and Bangladesh, which have sizeable Muslim populations and adequate Islamic banking regulatory policy and supporting infrastructure for syariah-based financing and banking operations.

Bank Islam Seeks M&As in Indonesia and Bangladesh

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Wednesday, 14 December 2011 20:57
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It has been reported that the Kingdom of Saudi Arabia's General Authority for Civil Aviation (Gaca) will issue a sukuk, or Islamic bond, within one or two months to help finance its new SR27 billion ($7.2 billion) airport in Jeddah, its president said on Al Arabiya television channel.

Saudi Arabia plans sukuk to fund $7bn Jeddah airport

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Wednesday, 14 December 2011 20:54
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Saudi Hollandi Bank recently organised a number of seminars and forums focused on Islamic banking. The country-wide events, which brought together customers, Shari’ah banking experts, Islamic scholars and the bank's management, were titled "Islamic banking from a contemporary perspective" and conceived to showcase the latest Shari’ah-compliant banking products and services.

Saudi Hollandi Bank introduces Innovative Islamic banking Services

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Friday, 09 December 2011 22:10
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The UK and London will remain the world's leading international and Islamic financial centres, said British Ambassador Iain Lindsay at a UK roundtable discussion at the WIBC.

UK 'to remain top Islamic financial Hub in Europe

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Friday, 09 December 2011 22:03
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Malaysia and Qatar agreed to work together to set up a RM6.3 billion Malaysia-Qatar fund, Prime Minister Najib Tun Razak said.

Malaysia-Qatar agree on RM6 billion investment fund

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Friday, 09 December 2011 22:03
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The insolvency of an Islamic mortgage lender in Canada may hinder the growth of sharia-compliant finance in North America, where the industry has struggled to gain traction in the absence of a supportive regulatory framework.

Islamic Finance May Hinder in North America

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Friday, 09 December 2011 22:02
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Emirates NBD, the UAE's largest bank by assets, intends to sell an Islamic bond (sukuk) this month, said Rick Pudner, CEO of the bank .

Emirates NBD Sees Sale in Sukuk

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Friday, 09 December 2011 22:00
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Kuwait Finance House-Bahrain CEO and MD Abdul Hakim Al-Khayyat said that Islamic banking has numerous advantages and capabilities that allow it to play a pivotal role in solving many economic problems in the GCC.

KFH Bahrain CEO Outlines Benefits of Islamic Finance

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Friday, 09 December 2011 21:59
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It has been reported that the Islamic Corporation for Private Sector Development (ICD) is ready to start work on Islamic banking development in Russia the request of Dagestan banks’ association, although this country is not a member of Islamic Development Bank.

Islamic Development Corporation Launches Islamic Banking in Russia

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Wednesday, 07 December 2011 22:52
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Deutsche Bank has appointed Salah Jaidah as the chairman of Islamic Finance and Ibrahim Qasim as the head of Islamic Finance Structuring.

Deutsche Names New Islamic Finance Officials

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Wednesday, 07 December 2011 22:51
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Islamic finance provides an ethical and Shariah compliantmodel and is currently the only area with strong growth, said Professor Ignacio dela Torre, Academic Director of the Master in Finance Programmes at Spain's Instituto de Empressa (IE) Business School

Islamic Finance Studies Prospers in Dubai

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Wednesday, 07 December 2011 22:50
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The Eversheds conference highlighted the use of Basel III in Islamic banking and further brought to attention its suitability in the Islamic finance industry. I

Eversheds Conference Highlights Basel III in Islamic Banking

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Wednesday, 07 December 2011 22:48
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It has been reported that the Islamic Bank of Britain (IBB) has entered the buy-to-let mortgage market with the launch of its Sharia compliant Buy to Let Purchase Plan (BTLPP).

Islamic Bank of Britain launches Shariah compliant buy-to-let mortgage

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Wednesday, 07 December 2011 22:46
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It has been reported that Dubai Islamic Bank (DIB) has announced the opening of its new learning and development centre that will help deliver the industry’s best training programme.

Dubai Islamic Bank Opens Learning Centre

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Wednesday, 07 December 2011 22:44
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London-based global banking and financial services provider HSBC Holdings plc has identified Malaysia as one of its seven priority markets in Asia-Pacific.

HSBC identifies Malaysia as a priority market in Asia-Pacific

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Monday, 05 December 2011 17:16
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Emaar Properties, the United Arab Emirates’ biggest developer by market value, agreed on an $800m Islamic loan with three banks that pays 3.5 percent more than the benchmark rate, two bankers familiar with the transaction said.

Dubai’s Emaar Properties said to raise $800m loan

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Monday, 05 December 2011 17:15
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It has been reported that French academics have shown their keenness to make use of Saudi expertise and experience in Islamic banking and finance, said Saudi Ambassador to Paris, Muhammad bin Ismail Al Asheikh.

France Takes Tips from Saudi Islamic Banking

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Monday, 05 December 2011 17:13
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Qatar raised $5 billion from a bond sale, the biggest from the Persian Gulf this year, as investors snapped up debt from the world’s fastest growing economy.

Qatar Returns to Global Debt Market With $5 Billion Fund-Raising

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Monday, 05 December 2011 17:12
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It has been reported that Ernst and Young has announced the appointment of Sameer Abdi to lead its Transaction Advisory Services (TAS) practice in Qatar. Sameer was previously Ernst and Young's Global Leader of the Islamic Financial Services Group (IFSG) and the MENA Financial Services Industry Leader for Advisory Services.

Ernst and Young Appoints Sameer Abdi For Islamic Finance in Qatar

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Monday, 05 December 2011 17:12
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Al Baraka Banking Group (ABG) has joined Bait Al Bursa, the Islamic finance division of Bahrain Financial Exchange (BFX), it was announced. The BFX Bait Al Bursa's offerings come at an appropriate time when the Islamic market is eager for new pioneering and innovative products.

Al Baraka Joins BFX Islamic Finance Unit

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Monday, 05 December 2011 17:10
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The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, is pleased to announce that MAC Securities has become a Trading Member of the BFX.

MAC Securities Joins Bahrain Financial Exchange as Trading Member

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Monday, 05 December 2011 17:09
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Entrepreneur James Caan had reported to have said that, "The global financial crisis could have been avoided if banks had abided by Islamic rules that forbid investment in collateralised debt obligations and other toxic assets".

Islamic Finance May Have Prevented the Credit Crunch in Middle East

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Monday, 05 December 2011 17:09
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It had been reported that more than 150 C level delegates from banking institutions across the region will be attending the Middle East Banking Innovation Summit set to open in Dubai.

Middle East Banking Innovation Summit 2012

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Monday, 05 December 2011 17:08
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More international banks are attracted to the world's first Shariah compliant interbank benchmark. It has been reported that the recently launched Islamic Interbank Benchmark Rate (IIBR) aimed at raising the quality of the Islamic capital profile has some more banks knocking at its door.

More Banks Attracted to Worlds First Shariah Compliant Interbank

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Monday, 05 December 2011 17:07
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International Islamic Financial Market (IIFM) expects to launch a template for sharia-compliant profit-rate swaps, designed to help in hedging risk in frequent cross-currency transactions, in the first quarter of next year, its chief executive said.

Islamic Profit-Rate Swap in Q1

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Monday, 05 December 2011 17:06
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The Egyptian government may ask the International Monetary Fund for the $3 billion loan it rejected this year after domestic borrowing costs soared, Deputy Prime Minister Hazem El Beblawi said.

Egypt May Seek $3 Billion Loan From IMF as Debt Costs Soar

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Monday, 05 December 2011 17:05
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It has been reported that Bahrain Financial Harbour Holding Company backed the 18th annual World Islamic Banking Conference (WIBC), the world's largest and most influential annual gathering of international industry leaders in the global Islamic finance industry.

Bahrain Financial Harbour Backs Islamic finance Conference

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Monday, 05 December 2011 17:04
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It has been reported that the recently offered Islamic banking in Nairobi is attracting new customers from Muslims and non-Muslims alike who praise the growing industry for offering low-risk Islamic Sharia financial solutions

Kenya's Flourishing Islamic Finance Sector

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Monday, 05 December 2011 17:03
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Islamic banking industry maintained strong growth momentum with over 30 per cent average annual growth during the last six to seven years, said Mohammad Kamran Shezad, Deputy Governor, State Bank.

Islamic Banking Grows in Pakistan by 30pc

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Monday, 05 December 2011 16:57
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It has been reported that Bahrain has sold $750 million Islamic Bonds. Bahrain sold $750 million in seven-year Islamic bonds, becoming the first Arab country affected by the Arab Spring this year to tap global bond markets.

Bahrain sells $750m Islamic Bond

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Monday, 28 November 2011 21:56
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Abu Dhabi Commercial Bank, one of the largest commercial banks of the UAE, has raised $500 million (Dh1.8 billion) via five-year, dollar-denominated Islamic bonds, or sukuk, at 275 basis points over mid swaps, two bankers familiar with the deal said.

ADCB Raises $500m in Dollar-Denominated Sukuk

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Monday, 28 November 2011 21:54
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Alliance Financial Group (AFG) recorded an 18.2% increase in net profit to RM121mil for the second quarter ended Sept 30, 2011 compared to the same corresponding period last year.

Malaysia Islamic Alliance Financial Group Reports Higher Q2

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Monday, 28 November 2011 21:53
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The world’s first benchmark for Islamic Interbank lending was launched by a group of international financial institutions; it is an alternative to the London Interbank Offered Rate (LIBOR). LIBOR currently the global benchmark does not comply with the Shariah principles. This resulted in the development of a new system which fulfills the need for profit sharing and complies with the Shariah principles.

Thomson Reuters launches the first Islamic Interbank funding rate

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Friday, 25 November 2011 14:43
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The high profile opening at the gulf International conventional centre verified the position of the world’s largest annual gathering of Islamic finance leaders. The 18th Annual World Islamic Banking Conference (WIBC 2011) gained the patronage of HRH the Prime Minister of the Kingdom of Bahrain and the official encouragement of the Central Bank of Bahrain.

The world’s largest annual gathering of Islamic finance leaders had a record 1,300 international delegates

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Friday, 25 November 2011 14:42
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The Republic of Indonesia gets advice about the international Sukuk issuance from Norton Rose Group, the international legal practice with more than 2600 lawyers operating in 40 offices around the world. The Sukuk issuance was governed by English law and structured as a Shariah-compliant issuance. Aspects of the transaction show the expertise of the practice across a range of areas. The issuance closed on Monday 21st of November 2011 and was structured as a Sukuk al ijara (sale and lease back). It has a maturity of seven years, with distributions of 4 percent per annum.

Norton Rose gives advice on the US$1 billion international Sukuk issuance

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Friday, 25 November 2011 14:41
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It has been reported that Standard & Poor's Ratings Services said that it assigned its 'A' issue rating to the proposed sukuk trust certificates to be issued late November, subject to investor demand, by ADCB Islamic Finance (Cayman) Limited, a special purpose company (SPC) of Abu Dhabi Commercial Bank (ADCB; A/Stable/A-1).

Abu Dhabi Commercial Bank's Proposed Sukuk Certificates Assigned 'A' Rating

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Friday, 18 November 2011 17:15
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Abu Dhabi Securities Exchange (ADX) has announced the listing of Watania Takaful Company, within its listed companies in the insurance sector starting tomorrow Monday, November 14, under the ticker symbol "Watania".

National Takaful Company 'Watania' shares set to be listed

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Friday, 18 November 2011 17:15
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Dunia Finance, stylised as dunia, will sustain double-digit revenue growth as it moves forward on the road to success with a strong customer base and steady rise in deposits this year, its top official said.

Dunia Finance on track to post first full-year net profit in 2011

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Friday, 18 November 2011 17:14
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'The World Islamic Banking Competitiveness Report 2011/12,' developed in collaboration with Ernst & Young, will be officially launched on November 22 at a top Islamic banking forum in Bahrain.

Key Islamic banking report to be released

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Friday, 18 November 2011 17:13
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The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), and Kolon Corporation, a diversified company in South Korea, signed a memorandum of understanding (MoU) for jointly establishing Islamic leasing (ijara) companies to support small and medium enterprises (SMEs) in 57-member countries of the Organization of Islamic Cooperation (OIC).

ICD, Kolon in deal to set up Islamic leasing companies in OIC

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Friday, 18 November 2011 17:12
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Islamic finance in a changing global landscape Following the events of the Arab Spring and after much theorizing over the ability of Islamic finance to play an important role in the rebuilding of the MENA nations, it seems the industry is finally putting its money where its mouthis.

Shariah Auditing for the Islamic Finance Prospers

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Friday, 18 November 2011 17:12
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It has been reported that Indonesia plans to sell seven-year Shariah-compliant bonds today, helping the nation revive Islamic debt sales from the slowest half in three years.

Indonesia to Price Seven-Year Global Islamic Bonds

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Wednesday, 16 November 2011 11:08
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Meezan Bank, the largest Islamic bank in Pakistan, is launching a generator financing product in summer next year, in view of its growing demand amid increasing electricity outages, Muhammad Raza, Head of Consumer Banking, Meezan Bank, said.

Meezan Bank to Finance Generators from 2012

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Wednesday, 16 November 2011 11:08
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As international markets are perched precariously on the edge of a global financial abyss, a small window of opportunity has sprung up for Malaysia to spread its Islamic finance wings internationally.

Opportunity to Expand Islamic Finance Offerings

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Wednesday, 16 November 2011 11:07
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The Bank of Khyber (BoK) has launched 'Raast Islamic Banking' in Sarai Naurang, district Lakki Marwat. The Managing Director of BoK, Bilal Mustafa, formally inaugurated the new branch in Lakki Marwat .

Bank of Khybar opens branch in Sarai Naurang

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Wednesday, 16 November 2011 11:06
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Some conventional and Islamic banks in the UAE have started filing cases against mortgagors of foreclosed properties in order to recoup their losses.

Selected UAE banks Sue Property Defaulters

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Wednesday, 16 November 2011 11:06
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It has been reported that along with the rest of the global financial markets Bahrain needs to reposition itself in the wake of the financial crisis of 2008 but it is well placed to achieve this.

Bahrain is Set for Major Growth

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Wednesday, 16 November 2011 11:04
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International Chamber of Commerce (ICC) UAE will host its first gala conference "ICC UAE Trade Finance Conference 2011"on November 20, 2011 at Fairmont Hotel, Sh. Zayed Road, Dubai. The keynote address will be delivered by H.E. Dr. Ahmed Saif Belhasa, Chairman, ICC UAE.

International Chamber of Commerce UAE to host ICC UAE Trade Finance Conference 2011

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Monday, 14 November 2011 18:15
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It has been reported that Al Tamimi & Company's Kuwait office was the Bronze Sponsor and the only Law Firm participating in MEED's highly publicized Kuwait Energy & Infrastructure Projects Event that was held at the Courtyard Marriott Al Raya Center in Kuwait.

Al Tamimi & Company sponsors MEED Kuwait Energy & Infrastructure Projects Event

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Monday, 14 November 2011 18:14
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Abu Dhabi Commercial Bank (ADCB) announced its participation in the Middle East Manufacturing Exhibition (MEMEX), taking place from the 14th to 16th November in Abu Dhabi.

Abu Dhabi Commercial Bank to be the Islamic banking partner to Middle East Manufacturing Exhibition 2011

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Monday, 14 November 2011 18:14
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It has been reported that the European lenders now ‘risk averse’ says Emirates as airline considers Islamic finance solutions to fund aircraft deliveries

European Lenders Risk Averse as Emirates Looks on to Islamic Finance

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Friday, 11 November 2011 21:05
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It has been reported that the Centre of Islamic Banking and Economics, Islamic agricultural and rural finance can bring genuine green revolution to an economy

Islamic Agricultural Finance Spurs Ethical Economy

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Friday, 11 November 2011 21:05
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It has been reported that investors in Aldar Properties' $ 1.1 billion sukuk, which is due on November 10, are betting the indebted developer will repay the issue even if it means more aid from Abu Dhabi which bailed the company out this year.

Aldar will Repay $ 1bn Sukuk say Investors

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Friday, 11 November 2011 21:04
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The World Islamic Banking Competitiveness Report 2011/12, developed in collaboration with Ernst & Young,will be officially launched on November 22 at a top Islamic banking forum in Bahrain.

World Islamic Banking Report 2011-12 Due to Release

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Thursday, 10 November 2011 17:10
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It has been reported that Tamkeen and Bahrain retail and commercial banking institution BMI Bank announced the extension of its successful Sharia-compliant financing scheme for enterprises within the local private sector to fulfil their financial needs at a competitive cost.

Tamkeen-BMI Bank extend Shariah Compliant Key Scheme

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Thursday, 10 November 2011 17:09
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Ithmaar Bank, a Bahrain-based, retail-focused Islamic bank, inaugurated its Budaiya branch, the newest branch in its fast growing retail banking network. The inauguration ceremony aimed to further demonstrate support for, and commitment to, Bahrain's economic growth.

Ithmaar Islamic Bank Opens New Branch

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Thursday, 10 November 2011 17:08
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The prestegious Islamic financial window of HSBC Amanah have developed the first global Islamic finance training to its staff around the world.

HSBC Amanah First to Offer Global Islamic Finance Training

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Thursday, 10 November 2011 17:08
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It has been reported that Australia’s first Islamic wealth manager, is targeting a significant opportunity for its managed funds to attract investment from Malaysia, which is home to the world’s second-largest Islamic funds market with about US$5 billion under management.

Australia Targets Malaysia Investors with Crescent Wealth

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Thursday, 10 November 2011 17:07
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Sharjah Islamic Bank has announced the launch of the 40th Sharjah Islamic Discount Festival to mark the 40th UAE National Day. The festival includes a promotional campaign on the SIB's banking products with incredible discount up to 40% on the car finance and personal banking products including shares financing.

Sharjah Islamic Bank marks 40th UAE National Day

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Thursday, 10 November 2011 17:06
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The trade financing arm of the Islamic Development Bank (IDB) has offered $400 million to help Egypt finance imports of petroleum products, wheat and other foodstuffs, Egypt's official news agency MENA reported on .

Egypt gets $400 million from Islamic Trade Financier

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Tuesday, 08 November 2011 16:37
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It has been reported that a lecturer at the department of Arabic and Islamic Studies, University of Ibadan, Dr Muritala Kareem, has identified Islamic banking as a tool for eradication of poverty in Nigeria.

Islamic Banking Helping To Eradicate Poverty in Nigeria

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Tuesday, 08 November 2011 16:36
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Elaf Bank BSC (Elaf), licensed by the Central Bank of Bahrain (CBB) to operate as a wholesale Islamic bank, and Ohad Trust BSC (Ohad) -- a fund administration, custodian and trust services provider also licensed by the CBB -- have formed a joint venture in Labuan, Malaysia.

Elaf Bank forms joint venture with Ohad Trust in Malaysia

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Tuesday, 08 November 2011 16:35
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KLIFF, the Kuala Lumpur Islamic Finance Forum, held its annual meeting recently with the support of Minister for the Malaysian Prime Minister’s Office Nor Mohamed Yakcop.

Islamic Finance Award for Rusd Group Chairman

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Tuesday, 08 November 2011 16:34
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An Indonesian delegation that was headed by Deputy Head of Indonesian parliament Mohammed Anees visited Kuwait Finance House (KFH) as part of its official visit to Kuwait. The delegation met with KFH’s Chairman Sameer Al-Nafisi and CEO Mohammed Al-Omar where they discussed recent economic developments and investment opportunities.

Indonesian Prestigious Delegation Visits KFH

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Tuesday, 08 November 2011 16:34
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Doha Bank QSC, Qatar’s fifth-largest lender by market value, may make an acquisition before the end of 2012 as part of a broader plan to expand, Chief Executive Officer Raghavan Seetharaman said.

Doha Bank Considers 2012 Acquisition in Emerging Market

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Tuesday, 08 November 2011 16:33
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Noor has been mandated to arrange and lead manage more than US $1.4 billion Islamic finance capital market deals in Turkey in the last 18 months, making it the most active UAE bank in the republic.

Islamic Finance Mandates in Turkey By Noor Islamic Bank Leads US $1.4bn

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Friday, 04 November 2011 20:28
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It has been reported that the Minister of Agriculture of Tajikistan (MoA) Qosim Qosimov met with Ramil Muharramov, Country Operations Manager (Tajikistan and Kyrgyzstan) at Islamic Development Bank Group (IDB), Asia-Plus reported referring to the press center of the MoA.

Islamic Development Bank Offers Three Year Investment Plan to Tajikistan

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Friday, 04 November 2011 20:27
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Oman International Bank (OIB) is adding 300 new machines to its ATM network nationwide.Dr Juma Ali Juma al Juma, Chairman of the Board, said in the Directors Report for the nine months ended September 30, 2011, that the 105 existing ATMs at the bank’s branches will be replaced with new systems before the year-end.

Oman Islamic Bank to Install 300 New ATMs

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Friday, 04 November 2011 20:27
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Albaraka Banking Group BSC (ABG), the Islamic banking group based in Bahrain, has announced the acquisition of 60 percent of the issued shares of Al-Tawfeek Financial Group through its subsidiary in Bahrain, Al-Baraka Islamic Bank.

Albakara Islamic Banking Group Acquires Al Tawfeek Shares

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Friday, 04 November 2011 20:26
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Some conventional and Islamic banks in the UAE have started filing cases against mortgagors of foreclosed properties in order to recoup their losses, has learnt.

UAE Banks Sue Property Defaulters with Assets to Spare

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Friday, 04 November 2011 20:26
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Dubai Islamic Bank (DIB) declared more than 10 per cent year-on-year increase in its net profit for the third quarter that beat analysts expectations.

Dubai Islamic Bank Posts 10.5% Profit Growth

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Friday, 04 November 2011 20:25
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Saudi Arabia’s Al-Rajhi group maintained its position as the world’s largest Islamic bank at the end of 2010 while four in the UAE were among the 10 top Shariah-compliant banks, according to Arab bank data.

Saudi Al-Rajhi Remains Biggest Islamic Bank

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Friday, 04 November 2011 20:25
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RAM Ratings has assigned respective long- and short-term ratings of AA1 and P1 to Sabah Credit Corporation's ("SCC" or "the Corporation") Proposed Islamic Medium-Term Notes ("IMTN") Programme of up to RM1 billion and Proposed Islamic

RAM Ratings assigns AA1/ P1 ratings to Sabah Credit Corp's Proposed RM1 Billion Sukuk

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Friday, 04 November 2011 20:24
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The Islamic Development Bank (IDB) latest $75 million line of financing to Turkiye Finans Participation Bank, one of the four participation (Islamic) banks in Turkey and in which Saudi Arabia's National Commercial Bank has a controlling stake, underlines the proactive involvement of the multilateral development bank of the Muslim world in Turkey over the last three decades.

IDB Boosts Financing Cooperation with Turkish Corporates

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Thursday, 03 November 2011 05:59
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Capital Management House the Bahrain based Islamic investment bank, announced that it has made a 3rd distributionof dividends to GCC investors of its aircraft leasing investment fund for the third quarter ending 30 September 2011.

Capital Management House Pays Q3 Dividends to GCC Investors

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Thursday, 03 November 2011 05:58
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Al Tomooh Scheme launches two new small businesses in Khorfakan, Sharjah financed by Emirates Islamic Bank.

Two New Small Businesses Kick Off in Khorfakan with Emirates Islamic Bank

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Thursday, 03 November 2011 05:57
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Kuwait Finance House (KFH) AGM for Investment Sector Abdul Nasser Al-Subeih said that KFH achieved $6.5m (KD1.8m) as profit when exiting Asia 2 real estate fund.

Kuwait Finance House Considers Investment Opportunities

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Tuesday, 01 November 2011 07:55
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It has been reported that The Islamic Development Bank (IsDB) is to grant US$68.3 million to finance projects in Mozambique during the 2011-2013 triennium, Planning and Development Minister Aiuba Cuereneia announced in Maputo.

Islamic Development Bank to Finance Projects in Mozambique

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Tuesday, 01 November 2011 07:53
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It has been reported that QInvest, Qatar's leading investment bank, has launched the 'Qatar Equity Protected Note' that aims to replicate the movements of the most liquid Sharia'a compliant equities with full capital protection.

Strong Investment Demand to QInvest Shariah Compliant 'Equity Protected Note'

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Tuesday, 01 November 2011 07:52
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It has been reported that Jordan Islamic bank (JIB), a subsidiary of Bahrain-headquartered AlBaraka Banking Group (ABG)reported $29.8 million at end of nine months compared to $29.2 million for the same period in the last year with an increase by two per cent.

Jordan Islamic Bank Achieves $29.2 Million Profit

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Monday, 31 October 2011 16:01
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The CIMA Advanced Diploma in Islamic Finance (CADIF) is the first qualification of its kind to be offered by an international professional accountancy body.

CIMA Launches Advanced Diploma in Islamic Finance in UAE

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Monday, 31 October 2011 15:59
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Islamic Finance is growing at an unprecedented speed as it estimated to be worth over $1 trillion dollars by 2012 but can it remain successful in its speed of growth? Industry experts feel that it can not only maintain its level of growth due to its influential products and services but it can also grow further at an outstanding rate.

Islamic Finance Spurring Real Growth

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Monday, 31 October 2011 15:58
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The rise in Islamic capital markets will be fuelled by more cross-border deals but the disparity in tax and legal framework across jurisdictions needs to be addressed, Malaysia's market regulator said .

Cross-Border Deals seen Driving Shariah Finance Growth

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Friday, 28 October 2011 20:37
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Bahrain Islamic Bank has implemented the international bank account number, or IBAN, standard for all customer accounts as part of compliance with the ISO system.

Bahrain Islamic Bank implements IBAN standard

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Tuesday, 25 October 2011 22:56
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Kuwait Finance House in Bahrain (KFH-Bahrain) revealed that it leads efforts to arrange the merging of three Bahraini Islamic banks, which will result in the birth of the biggest Islamic bank in Bahrain and one of the biggest in the region; thus serving as a platform for further merging operations in Bahraini and other markets in the area.

KFH To Advise on 3 Islamic Banks Merger

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Tuesday, 25 October 2011 22:54
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Emirates NBD, the largest Gulf bank by assets, has taken over Dubai Bank, an Islamic bank fully owned by the Government of Dubai.

Emirates NBD Increases as it takes over Dubai Bank

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Tuesday, 25 October 2011 22:53
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Islamic Finance is growing at an unprecedented rate and it is no surprise that many investors are tapping into the Shariah compliant sector. It is already estimated that Islamic Finance will be worth $2 trillion dollars by 2012 and this figure my soar in the upcoming years.

Islamic Finance Ideal for Funding Infrastructure

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Tuesday, 25 October 2011 22:52
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It has been reported that 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.

State Bank of Pakistan Launches Islamic Financing for Farmers

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Tuesday, 25 October 2011 22:49
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It has been reported that Masraf Al Rayan [MAR], one of the leading Islamic banks in Qatar announced record growth in net profits in the first nine months of 2011 increase of 11% compared to the same period in 2010.

Masraf Al Rayan Achieves QR1,012m Net Profit in the First Nine Months of 2011

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Tuesday, 25 October 2011 22:48
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It has been reported that the recent IFN 2011 Issuers & Investors Asia Forum in Kuala Lumpur, Nik Ramlah Mahmood, theManaging Director of the Securities Commission Malaysia (SCM), said that, for the Islamic capital market to make further progress, more jurisdictions would need to put uniform tax frameworks into place.

Malaysia Calls For Uniform Islamic Finance Tax Framework

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Monday, 24 October 2011 16:03
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Pakistan’s largest Islamic lender Meezan Bank has launched Car Ijarah – the country’s first interest free car financing based on the Islamic financing mode of leasing or Ijarah.

Meezan Bank launches Shariah compliant Car Ijarah

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Monday, 24 October 2011 16:03
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Simmons & Simmons, an international law firm, has announced that Ahmed Butt has joined its Middle East financial markets practice to focus on the Saudi Arabian market.

Islamic Finance Expert Joins Simmons & Simmons

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Monday, 24 October 2011 16:02
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Dubai Islamic Bank (DIB) announced the launch of the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by Sharia-compliant assets.

Dubai Islamic Bank launches Al Islami Emerging Cappuccino Certificate

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Saturday, 22 October 2011 15:55
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Abraaj Capital plans to sell up to four of its investments in the next 18 months, a senior executive said . Abraaj has been trying to offload its stake in Turkish hospital group Acibadem in a deal that could be worth at least $500 million (Dh1.83 billion). Matteo Stefanel, senior partner, said other exits were likely.

Abraaj Plans To Sell Future Islamic Investments

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Saturday, 22 October 2011 15:54
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Innovation is the key to the future success of the Islamic finance industry and to meet the challenges of contributing to economic growth and to facilitate internationalization of the industry.

Innovation Key to Success of Islamic Finance Industry

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Saturday, 22 October 2011 15:53
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In line with its commitment to the professional development of UAE Nationals, Al Hilal Bank, one of the UAE's leading Islamic banks, has signed a fellowship Memorandum of Understanding (MoU) with Deloitte, the second largest private professional services organisation in the world.

Al Hilal Islamic Bank and Deloitte Team Up

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Thursday, 20 October 2011 21:38
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It has been reported that International Centre for Education in Islamic Finance (INCEIF), is supplying world class talent for the fast-growing Islamic finance, according to Malaysia’s central banker Tan Sri Dr Zeti Akhtar Aziz, whois also Chairman and Chancellor of INCEIF

Malaysia Offers World Class Talent for Islamic Finance, says Zeti

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Thursday, 20 October 2011 21:37
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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.

ADIB Named UAE’s Overall Top Bank In Customer Service

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Thursday, 20 October 2011 21:37
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It has been reported that Majid Al Futtaim (MAF) Holding LLC, sole franchisee of hypermarket chain Carrefour in the Gulf, is planning to set up a sukuk programme this year, Daniele Vecchi, treasurer of MAF Holding, said in a statement.

MAF Holding Will Set up Sukuk Programme in 2011

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Thursday, 20 October 2011 21:36
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Boubyan Bank's announced results for the first 9 months of this year (till the end of Q3) showed a net profit of KD6.9m compared to a net profit of KD4.5m for the same period of last year; growing by 53%, with KD2.5m recorded in the Q3.

Boubyan Islamic Bank Announces Net Profits of KD6.9m

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Thursday, 20 October 2011 21:35
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Islamic financial institutions operating in the region are keen to tap into the long term corporate financing opportunities,including project finance that exist in the market, bankers told a gathering of Islamic finance experts and corporate treasurers in Abu Dhabi .

Islamic Bodies Eye Corporate Funding Opportunities

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Thursday, 20 October 2011 21:35
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Kuwait International Bank (KIB) presented its competitive range of Shariah-compliant banking products and services to staff and visitors of the Public Authority for Industry at its temporary booth on the authority's premises.

Kuwait International Bank Presents Shariah Compliant Services

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Tuesday, 18 October 2011 21:42
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Conventional banks operating in the Sultanate can offer Sharia-based financial services upon approval from Central Bank of Oman (CBO), its Executive President stated here .

Islamic Banking Open to all Commercial Banks, says CBO

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Tuesday, 18 October 2011 21:37
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Mashreq Al Islami, the Islamic finance company belonging to the Mashreq group, said yesterday that the company is in talks with three entities, including corporates and government related entities, to establish sukuk programmes.

Mashreq Al Islami Aims to Set up Sukuk Market

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Tuesday, 18 October 2011 21:33
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Citigroup announces the appointment of Izzat Dajani as the Chief Executive Officer for Citi Qatar, replacing Farhan Mahmood who has transferred within Citi as Head of Public Sector Group covering the Middle East. In his new capacity.

Citigroup appoints Izzat Dajani as the Chief Executive Officer for Citi Qatar

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Monday, 17 October 2011 05:09
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The influential leading company Thomson Reuters and Bond Pricing Agency Malaysia launches a family suite of indices across a range of Shariah compliant Islamic instruments to provide transparent guidelines for investors interested in Malaysia.

Thomson Reuters and BPA Malaysia Launch Co Branded Sukuk

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Monday, 17 October 2011 05:09
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The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, is pleased to announce that Taib Bank, a rapidly growing regional investment bank, has become a Trading Member of the BFX.

Taib Bank Joins Bahrain Financial Exchange as Trading Member

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Monday, 17 October 2011 05:08
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Bank Muscat, the leading financial services provider in the Sultanate, hosted a seminar on Islamic banking at Grand Hyatt Muscat.

Bank Muscat Creating Awareness in Islamic Banking

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Friday, 14 October 2011 12:27
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Ethica's Islamic finance e-learning platform helps Dubai extend its global reach in training and certification. The Government of Dubai today announced that it is partnering with e-learning and certification specialist Ethica Institute of Islamic Finance.

Dubai Government Joins Hands with Ethica Islamic Finance

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Friday, 14 October 2011 12:26
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The National Bank of Abu Dhabi (NBAD), is the Strategic Partner and sponsor of Middle East SME Forum 2011 in Abu Dhabi and contributed to organising the two-day event to discuss subjects critical to small- and medium-sized enterprises.

National Bank of Abu Dhabi Strategic Partner of SME Forum

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Friday, 14 October 2011 12:25
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Jafza and NASDAQ Dubai will host the first of its kind interactive seminar for prominent companies based in the free zone to share ways in which they can raise capital to fund their expansion, including through a listing on the region's international exchange.

Jafza and NASDAQ Dubai to host seminar on Capital-raising Opportunities

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Thursday, 13 October 2011 14:11
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Gatehouse Bank plc (Gatehouse), a Kuwaiti-owned wholesale Shariah compliant investment bank based in the City of London, has completed the £30m acquisition of a newly built student accommodation property in Glasgow, Scotland.

Gatehouse Bank Leading the UK in Shariah Real Estate

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Thursday, 13 October 2011 14:04
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It has been reported that Capinnova Investment Bank, the Shari'a compliant investment banking arm of BBK, has confirmed their partnership at the 7th Annual World Islamic Funds and Financial Markets Conference (WIFFMC 2011) as Gold Strategic Partner.

Capinnova Investment Bank Participates at the 7th Annual World Islamic Funds and Financial Markets Conference

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Thursday, 13 October 2011 14:02
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The first Pakistani backed advisory firm in Bahrain, Tajweez Advisory Co. WILL has recently launched the Islamic finance 360 training project at the Institute of bankers, Pakistan. The workshop will be lead by the top Shariah Scholars and technicians lasting 2 days. The workshop is titled ‘Islamic Product Structuring and Pricing: Tools and Techniques’ and was held from the 7th till the 9th of October.

Tajweez Bahrain begin the Islamic finance 360 training project

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Wednesday, 12 October 2011 12:48
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The Leading Islamic bankers and corporate borrowers held discussions about the development of Islamic corporate finance at the International Summit on Islamic Corporate Finance. The two day Summit held on the 10th and 11th of October was in partnership with Noor Islamic bank. The keynote address was given by the senior vice-president and head of treasury at MAF Holdings, Daniele Vecchi.

The International Summit on Islamic Corporate Finance opened its doors

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Wednesday, 12 October 2011 12:47
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The director of the Durham Centre for Islamic Economics and Finance at the UK-based Durham University, Mehmet Asutay at a seminar held in Istanbul predicts the future of Islamic finance within Malaysia. He says that the country’s positioning itself to capture 25% of the Islamic banking and finance market by the year 2012. Malaysia plans to widen its product range and expand its network in the future.

Malaysia taking Islamic finance to another level

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Wednesday, 12 October 2011 12:47
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Malaysia holds the position as the global hub of Islamic finance according to a government report. The Malaysian banking assets rose by 15 percent to $123 billion during the first seven months of 2011.

Malaysia’s Islamic Banking Asset rose by 15 percent in 2011

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Saturday, 08 October 2011 22:30
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The 7th Annual World Islamic Funds and Finance Market Conference 2011 discusses the Islamic Asser Management Industry facing the challenges in growth as the industry aims to expand globally.

The Islamic Funds and Investment Market focus on Long Term

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Thursday, 29 September 2011 18:39
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It has been reported that Bahrain has approved an additional budget spending of BD388.5 million ($1.03 billion) over two years to cover wage increases for government employees, the state news agency BNA said Of the total sum, BD96.9m dinars will be spent this year and the rest in 2012, according to a decree issued by His Majesty King Hamad.

Bahrain Approves Extra Budget Spending for Islamic Finance

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Tuesday, 27 September 2011 16:36
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Malaysia aims to capture 25 percent of the market share in the Islamic banking and finance sectors by 2012, according to an expert speaking in Istanbul.

Malaysia Eyes 25 pct Share in Islamic Banking

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Tuesday, 27 September 2011 16:35
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Oracle has reportedly announced the new update of its leading Basel II application that provides open, quick, out-of-the-box compliance with Basel II guidelines in multiple jurisdictions, while enabling strategic decision making and capital planning with the extensibility to meet future regulatory requirements.

Oracle Announces Basel II For Islamic Finance Services

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Tuesday, 27 September 2011 16:35
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It has been reported that the former justice Mufti Taqi Usmani said that the ongoing global financial crisisgave credence to the Islamic financial system, which prohibited interest and short sale.

Islamic Finance Summit Banking Gaining Credence

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Monday, 26 September 2011 14:47
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It has been reported that The Sharjah Government will work with Emirates Islamic Bank to provide grants and loans for all public housing projects.

Emirates Islamic Bank Offer Shariah Compliant Home Loans

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Monday, 26 September 2011 14:44
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Qatar First Investment Bank sponsors the Arab Banking Summit

Qatar First Investment Bank sponsors the Arab Banking Summit

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Friday, 23 September 2011 03:05
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AL-Beit Al-Mali surpass their benchmark of total returns by 44.3% since inception

AL-Beit Al-Mali surpass their benchmark of total returns by 44.3% since inception

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Friday, 23 September 2011 03:05
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Islamic Finance The 'Greener' Ethical Option

Islamic Finance The 'Greener' Ethical Option

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Friday, 23 September 2011 03:04
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KPMG Appoints Neil D Miller As New Global Head Of Islamic Finance