Tuesday 6 December 2016
 
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Islamic Banking

WIBC brings back Leaderboard for Islamic banking

After a very successful introduction of the first of its kind assessment tool for Islamic banks last year, the World Islamic Banking Conference (WIBC) 2016 is set to continue its efforts to enhance the performance and quality of the Islamic bank

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Morocco to launch Islamic banking operations in 2017

Morocco's central bank said it would start issuing approvals for Islamic banks this year, with the aim of allowing them to begin business in early 2017. Islamic banks and insurers are setting up in Morocco after it adopted leg

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UAE to create central Islamic finance authority

The United Arab Emirates' cabinet has approved the creation of a centralised sharia authority that will monitor and set standards for Islamic finance in the country, aiming to boost growth of the industry. The authority, to be

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Islamic banking summit “a huge success”

The World Islamic Banking Conference which recently concluded in Bahrain was a resounding success, having attracted 1,300 high-level industry attendees from over 50 countries.    Held under the theme New Rea

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AAOIFI to host World Bank summit on Islamic banking

Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) will host the AAOIFI – World Bank Annual Conference on Islamic Banking and Finance on December 6 and 7 in Manama, Bahrain. The conference is or

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SRB to supervise CBI Islamic banking window

Shariyah Review Bureau (SRB), an independent Sharia audit entity, will supervise the board functions and product management of Al Islami, the new Islamic banking window launched by Commercial Bank International (CBI). Ali Amri, he

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CBI boosts Islamic banking services

UAE-based Commercial Bank International (CBI) has launched Al Islami, its new Islamic Banking window that offers a wide range of Shari’ah compliant financial solutions and banking services aimed at the corporate financial world.

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Oman cbank sets up Islamic banking department

The Omani central bank has established an independent department to handle Islamic banking, it said on Wednesday, in a step expected to help further growth of the country's fledgling sharia-compliant finance industry. Oman was

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Dubai’s CBI names new Islamic banking head

Dubai-based Commercial Bank International (CBI), a leading financial institution in the UAE, has appointed Mamoon Abdel Kader as its new head of Islamic Banking. Mark Robinson, chief executive officer of CBI said: “We are pl

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UAE Islamic banking assets to hit $263bn by 2019

The UAE is en route to achieve $263 billion of Sharia-compliant assets by 2019, according to audit company EY’s World Islamic Banking Competitiveness (WIBC) report. The industry was estimated to be worth $127 billion in 2014

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