A well-established Islamic finance infrastructure coupled with depth of intellectual capital make Bahrain an ideal platform for Sharia-compliant market funding, a top banking official said.
According to Central Bank of Bahrain exe
Gulf Installments Company, a Saudi-based company focused on providing Shariah-compliant installment and leasing to businesses across a variety of sectors and assets, has opened a full-fledged branch office in Jeddah.
The company w
Kingdom Holding Company (KHC), the investment company chaired by Saudi Prince Alwaleed, said it has set up a new sharia committee based on the recommendation of KHC board members.
The new sharia committee will help study the gradu
Gatehouse Bank, a Shariah compliant investment bank based in London, has completed the sale of the Procter & Gamble (P&G) UK headquarters building, in a deal worth GBP33.68 million ($54.12 million).
The sale representing a
The Saudi British Bank (SABB) recently held three seminars in Riyadh, Jeddah and Al Khobar on the opportunities and challenges facing Islamic banking.
The seminars also discussed the promising future of Islamic banking in light of
NCB Capital has become the first Saudi company to launch non-Saudi registered funds under the Undertakings for Collective Investment in Transferable Securities (UCITS) platform registered in Ireland.
Saudi Arabia’s largest w
Saudi Arabia-based Sidra Capital, a Shariah compliant financial services company and Swiss-regulated Inoks Capital SA, an investment house, announced that investments in various transactions by its jointly managed fund reached $13.5 million.
The First Investor (TFI), the investment banking division of Qatar-based Barwa Bank Group, has announced the closing of the first Shari'ah compliant closed-end income generating fund in Brazil.
The TFI-Hines Brazil Income Real Estate F
Gatehouse Bank, a London-based Sharia-compliant investment bank, has announced the successful delivery of its realised investment in UK real estate through the sale of two properties in a deal worth £34.4 million ($55.5 million).
Dubai Islamic Bank’s (DIB) said its Sharia consultancy and advisory unit, Dar Al Sharia Legal & Financial Consultancy, has reached an agreement to provide consultancy services to Bank Sohar, the fourth largest bank in Oman.
The Bank So