Turkish Islamic lender Bank Asya said an exclusive deal with Qatar Islamic Bank (QIB) to acquire a stake in the Turkish lender was annulled, opening the way for alternative suitors.
Bank Asya attempted earlier this year to form a partne
Qatar Islamic Bank (QIB) has entered into exclusive discussions to acquire a stake in Turkey's Bank Asya, the Qatari lender said in a statement.
"QIB is seeking to finalise the transaction within the next few months, subj
Doha-based QInvest and Qatar Islamic Bank have jointly launched a range of multi-manager funds, as the investment firm forges closer ties with its largest shareholder.
The three sharia-compliant funds are part of broader plans to
Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, more than tripled its fourth-quarter net profit, beating analysts' expectations, as it continued to benefit from high loan growth in the country.
Commercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday.
Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before 2014, its chief executive said on Wednesday.
"I don't think it will be needed;
Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this week, arranging banks said on Tuesday.
Price guidance for the dollar-den
Qatar Islamic Bank (QIB), the country's second largest lender by market value, posted a 32.6 percent dip in fourth-quarter net profit on Wednesday, missing analysts' forecasts.
QIB made a net profit of 265 million riyals ($72.8 million), a
Qatar Islamic Bank (QIB), the largest Islamic bank in Qatar, has launched a new banking programme for micro-enterprises.
The programme aims to provide innovative finance solutions that cater to the needs of smaller start-ups and to empower
Attempts by Gulf shareholders to sell a majority stake sale in Indonesian Islamic lender PT Bank Muamalat have hit a snag after frontrunner Qatar Islamic Bank pulled out of the bidding process, sources said.
Top shareholders of Indonesia's