Friday 17 August 2018
 
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Islamic Banking

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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Largest Islamic banking forum opens in Bahrain

The largest and most prestigious gathering of Islamic banking and finance leaders in the world will open today in Bahrain with the participation of over 1,300 global industry leaders, policy makers, innovators and stakeholders. &n

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UAE consumer uptake of Islamic banking on the rise

UAE consumer uptake and perception of Islamic banking products and services has risen for the third consecutive year, according to the 2017 Islamic Banking Index by Emirates Islamic. The results of the 2017 survey show that over h

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Bahrain to host major Islamic banking conference in Dec

The 24th edition of World Islamic Banking Conference (WIBC), the world’s longest running Islamic banking conference, is set to return to Bahrain this December, and will take stock of the most pressing issues affecting the global financia

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Islamic banking products ‘losing appeal in UAE’

The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, a leading comparison site in the Middle East. By analysing statistics from its financial c

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