Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has made a renewed call to Bahraini Islamic banks to merge or acquire other institutions.
In his keynote address at the opening of the 22nd annual World Islamic Banking Confe
The micro and small and medium sized enterprises (MSME) finance industry serves as a key driver of sustainable growth of Islamic banks, according to a recent report.
Expanding this business line depends on the development of exter
Bahrain’s economy is expected to grow by at least four per cent this year despite global financial challenges and declining oil prices, said a top banking executive.
Non-oil sectors would play a crucial role in boosting the
Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said.
Most Islamic ba
As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits.
In most ways, Islamic bank
Two of Morocco's biggest banks, BMCE and BCP are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Islamic banks and sukuk issues, banking sources said.
Parliament's approval w
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful, or Islamic insurance, as the industry body expands its activity and membership base.
Islamic banks have an incentive to issue perpetual sukuk with Basel III in the offing, a leading Islamic finance scholar has said.
According to Shaikh Nizam Yaquby, perpetual bonds/sukuk are classified as tier
Kuwait Finance House-Bahrain (KFH-Bahrain) has announced the closing of the first ever merger between three Bahrain-based Islamic banks, Elaf Bank, Capital Management House and Capivest.
The merger created a strengthened financial
The Islamic Financial Services Board (IFSB) released new draft guidelines on capital adequacy for Islamic banks and the risk management of takaful (Islamic insurance) companies, the industry body said in a statement on Thursday.