The global Islamic finance industry is estimated to be worth $1.3 trillion and is growing at a rate of between 15 per cent and 20 per cent per year. However, growth comes at a cost. Many Islamic banks haven’t had the time to develop a true
The Islamic Banking Division of United Arab Bank (UAB) has signed a memorandum of understanding with Minhaj Advisory for the introduction of Shari’ah-compliant products, contracts, supervision, auditing and training services.
Bahrain will establish a new multibillion dollar investment bank in the Kingdom following recent positive economic development, said officials.
The new bank, Al-Emar Bank (the Construction Bank) will be announced formally during an Organiz
The Dubai International Financial Centre (DIFC) recently hosted a meeting of the Shari’ah advisory panel of the International Islamic Financial Market (IIFM) to explain the benefits of its Tahawwut master agreement.
The agreement provides
The global presence of Oasis has been strengthened since Oasis Crescent Global Investment Fund and Oasis Global Investment Fund and their respective sub-funds were registered by the Monetary Authority in Singapore.
These funds, listed on t
The rapid expansion of Islamic financial institutions (IFIs) in recent years has resulted in them becoming increasingly entrenched in their domestic, regional and global markets, says Moody's Investors Service in a new Special Comment.
Dow Jones Indexes, a leading global index provider, has won the “Best Islamic Index Provider” award constituted by Islamic Finance News.
The selection for the award was made by a record 1,502 Islamic finance professionals worldwide.
Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies has raised price objectives for Gulf Finance House with a ‘buy’ recommendation.
Merrill Lynch raised the 12-month price objective from $37
The success of Halal World Expo, held at the Abu Dhabi National Exhibition Centre, predicts even greater growth for this fast growing global industry sector.
GCC and UAE visitors came to the most comprehensive Halal exhibition, organised