Thursday 27 July 2017
 
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Islamic bank

Al Salam Bank-Bahrain takes over BMI business

Al Salam Bank-Bahrain (ASBB), one of the pioneering Shari’a-compliant banks in the kingdom, has announced that it has successfully taken over the entire business of its subsidiary BMI Bank. Pursuant to the Resolution No. (22

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DIB launches Panin Dubai Syariah Bank in Indonesia

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has celebrated the launch of Panin Dubai Syariah Bank in Indonesia. Following regulatory approvals in 2015, Dubai Islamic Bank acquired almost 40 per cent in PT Bank P

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Ithmaar Bank launches new services for customers with special needs

Ithmaar Bank, a Bahrain-based Islamic retail bank, has introduced additional new services at its main branch for customers with special needs. The new services, which were introduced before the end of last year on the request of the Cen

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Ithmaar wins WIBC award for top Islamic bank

Ithmaar Bank, a Bahrain-based Islamic retail bank, was singled out among the world’s Islamic banks for a prestigious international award in recognition of its corporate social responsibility and financial disclosure. The ind

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Abu Dhabi, Bahraini firms to set up $100m Islamic bank

Abu Dhabi Financial Group (ADFG) and Bahrain's GFH Financial Group are jointly setting up an Islamic bank in Abu Dhabi's new financial free zone with initial capital of $100 million, ADFG's chief executive told Reuters on Monday.

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Al Baraka eyes French, Indonesian markets

Bahrain's Al Baraka Islamic Bank plans to open a sharia-compliant bank in France next year as the lender seeks to expand into Europe, its chief executive Adnan Ahmed Yousif said on Sunday. France has one of the largest Muslim

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Tadhamon exits investment in UK school

Tadhamon Capital, the Bahrain-based investment arm of Tadhamon International Islamic Bank, announced the successful exit from its investment in Coxlease School in Lyndhurst, Hampshire, UK. The school is a specialist residential ed

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Sudanese lender to open Bahrain branch

Sudanese Bank of Khartoum, has launched its first overseas branch office in Bahrain.   The new entity, known as Bank of Khartoum International (BOK-I), was recently awarded the Islamic banking licence by the Cent

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Ibdar Bank H1 revenues up 51pc to $11m

Bahrain-based Ibdar Bank, a wholesale Islamic investment bank, has reported total revenues of $11.1 million during the first half of the year, an increase of 51 per cent above the prior-year period in 2014. Total profits for the p

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Ithmaar Bank H1 net profit soars 634pc

Ithmaar Bank, a Bahrain-based Islamic retail bank, has posted a net profit of $13 million for the first half of 2015, as compared to a net profit of $1.77 million for the same period last year, marking a rise of 634 per cent. Net

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