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KFH-Bahrain closes 3-way Islamic bank mergerKuwait 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 More… |
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IFSB issues draft standards on capital adequacyThe 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. T More… |
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Oman money market curbs may hurt Islamic banksAs Oman prepares to introduce Islamic finance, a restriction on the money market instruments which banks can use may curb their ability to manage funds in the market, hurting profitability. Authorities are expected to release Isla More… |
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IFSB to revise capital adequacy guidelinesThe Kuala Lumpur-based Islamic Financial Services Board (IFSB) plans to revise its capital adequacy guidelines for Islamic financial institutions, with a draft to be released in November for industry feedback. The IFSB sets global More… |
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New Islamic banks in Oman 'facing challenges'New Islamic banks set up in Oman will struggle initially to compete with established conventional banks offering Sharia-compliant services when the country opens up its banking sector, according to Fitch Ratings. "While there More… |
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Bahrain’s top banks to vote on 3-way mergerBahrain-based Islamic banks Capivest, Elaf Bank and Capital Management House will vote on a proposed three-way merger in shareholder meetings to be held by the end of June. The transaction is the first three-way merger to take pl More… |
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Islamic banks 'facing market challenges'Islamic banks have outperformed their conventional peers in most markets, but a closer look suggests the market dynamics are changing, demonstrating a new trend, said a report. Two key indicators are cause for reflection: slowing growth ra More… |
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Islamic banks 'need mergers to fill in gap'Small and medium-sized Islamic banks may need to merge if they want to become bigger regional players capable of filling the funding hole left by shrinking Western banks, the head of Islamic finance at Deutsche Bank, told Reuters. 'Th More… |
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KFH advising Islamic banks on key mergerKuwait Finance House - Bahrain (KFH-Bahrain) is advising three local Islamic investment banks that are looking to merge, said its top official. Speaking at the opening of KFH-Bahrain's ninth branch at Isa Town Mall on Sunday, managing More… |
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Islamic banks 'to thrive after Qatar ban boostIslamic finance has been given the boost it needed in the Gulf by a Qatari ban on conventional banks offering Sharia-compliant services, according to experts. Qatar's move last month draws a line in the sand between Islamic banks and their More… |
