Monday 15 October 2018
 
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Islamic Banking

Islamic finance assets ‘on track to hit $3.2trn’

Islamic finance assets are projected to grow to $3.2 trillion by 2020, with Islamic banking reaching $2.6 trillion, said the organisers of the upcoming World Islamic Banking Conference (WIBC) in Bahrain.   Under the patronage

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UAE project pipeline 'boon for Islamic banking sector'

The UAE banking sector is set to benefit from the emirates’ project pipeline of construction and infrastructure-related initiatives, which forms a key component of the country's drive to diversify the economy away from oil, said senior

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UAE project pipeline 'boon for Islamic banking sector'

The UAE banking sector is set to benefit from the emirates’ project pipeline of construction and infrastructure-related initiatives, which forms a key component of the country's drive to diversify the economy away from oil, said senior

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Islamic banking assets hit $1.69trn in Q1: IFSB

With the inclusion of new countries’ data, the total assets of the Islamic banking industry grew to $1,699 billion in the first quarter of 2018 (2018Q1) from $1,573 billion in 2017Q1, marking an increase of 8 per cent, said the Islamic Fin

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KFH's net profit surges 16.6pc to $314m

Kuwait Finance House (KFH), a global pioneer in Islamic banking services, has reported a KD95.2 million ($314 million) net profit for the first half of the year, up 16.6 per cent compared to KD81.64 million ($269 million) for the same period las

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Lombard Odier launches Islamic banking services

Bank Lombard Odier & Company, a leading global wealth and asset manager based in Geneva, Switzerland, has announced the launch of its full suite of Shariah-compliant investment solutions - the first in its 222-year history, in the Middle Eas

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Lombard Odier launches Islamic banking services

Bank Lombard Odier & Company, a leading global wealth and asset manager based in Geneva, Switzerland, has announced the launch of its full suite of Shariah-compliant investment solutions - the first in its 222-year history, in the Middle Eas

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IMF endorses core principles of Islamic Finance Regulation

The International Monetary Fund (IMF) Executive Board has endorsed a proposal on the use of the core principles for Islamic Finance Regulation (CPIFR), which were developed by the Islamic Financial Services Board (IFSB) with the participation

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Islamic banking assets set for 5pc growth, says CBB chief

The Islamic banks' asset growth has slowed from the historical level of 14 to 15 per cent and is set to grow at around 5 per cent for the next couple of years amid the economic slowdown experienced by the GCC countries, said a top official.

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Islamic banking assets set for 5pc growth, says CBB chief

The Islamic banks' asset growth has slowed from the historical level of 14 to 15 per cent and is set to grow at around 5 per cent for the next couple of years amid the economic slowdown experienced by the GCC countries, said a top official.

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