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Warba Bank offers free Takaful insuranceWarba Bank, an Islamic bank based in Kuwait has unveiled new offers for the customers of its personal finance products and credit cards including a Free Takaful insurance policy. These customers will be given a free triple Takaful More… |
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Major trade success for BBK BrokerageBBK Brokerage Services, a division of BBK, has announced it successfully executed one of the largest trades on Bahrain Bourse. BBK Brokerage Services represented its institutional client in the selling side for the total of 484,07 More… |
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Turkey hails investment ratingTurkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of economic reform. Investors joined in, driving sovereign bond yields to record lows. Go More… |
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BLME eyes 15pc asset growth, stronger Gulf tiesThe Bank of London and The Middle East (BLME), Britain's largest standalone Islamic bank, is targeting 15 per cent growth in assets this year, with plans for a Dubai office to help boost its capital markets and wealth management offerings. More… |
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Al Baraka to raise $200m with sukukAl Baraka Islamic Bank yesterday announced that it was raising $200 million through trust certificates in a Sukuk Al Wakala issue which will mature in 2015. The 18-month sukuk is aimed at raising cash to help increase the bank' More… |
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Oman's Alizz Islamic Bank eyes Q3 launchOman's Alizz Islamic Bank , the second full-fledged Islamic bank in the sultanate, plans to begin operations in the third quarter of this year, chief operating officer Jamal Darwiche said. O More… |
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Bank mergers 'vital for fair competitiveness'Bahrain's financial institutions must seek more mergers to achieve fair competitiveness between Islamic banks and traditional ones, said Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj. Maraj was speaking at the openin More… |
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Oman's Islamic banks get extension on overseas holdingsOman's central bank has granted Islamic banks a one-year relaxation of rules on the amount of foreign assets which they can hold, to give time for Islamic financial instruments to be developed domestically. Oman's first fu More… |
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GCC Islamic bank assets surge 14pc to $445bnThe Sharia-compliant assets at commercial banks in the GCC region climbed 14.1 per cent from a year earlier to $445 billion at the end of 2012, according to a report. While Islamic banking assets posted solid growth the conventional ban More… |
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Qatar to set up giant global Islamic bankQatar, the world's largest exporter of natural gas, expects to go ahead soon with its plan to establish a big, international Islamic bank, said Finance Minister Youssef Kamal on Monday. Last April the Qatari government had sig More… |
