Saturday 18 April 2015
 
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Islamic

Customer deposits surge at Oman Islamic banks

Oman's two full-fledged Islamic banks have yet to post a profit but their customer deposits are surging, increasing pressure on authorities to develop sharia-compliant money market tools and make a long-awaited issue of Islamic bonds (sukuk)

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Qatar Islamic Bank Q1 net profit rises 19 pc

Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 19 per cent jump in first-quarter net profit, broadly in line with analysts' forecasts. The bank was one of three Islamic lenders i

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Islamic fund issues to be discussed at Bahrain forum

More than 350 key players, regulators and thought leaders in the global Islamic funds and investments industry are set to gather in Bahrain next month for a key forum. The 11th Annual World Islamic Funds and Financial Markets Conf

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Sharia-compliant dispute resolution mechanism 'vital'

A leading Islamic finance expert has called for the creation of a Sharia-compliant dispute resolution mechanism at the global level with participation from all countries active in Islamic finance. According to Malaysia-based Islam

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Islamic finance ‘faces several key challenges'

The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary Fund (IMF) said. Islamic finance - the provision of financial services in accordance with

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Islamic insurance leaders to meet at forum in Dubai

More than 400 key players and thought leaders in the global takaful sector will gather at a conference in Dubai, UAE to discuss to chart a new way for for the Islamic insurance industry. The 10th anniversary special edition of the

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Dubai delegation takes part in halal summit in Malaysia

A delegation from Dubai International Academic City (DIAC) met with international counterparts at a leading conference to share experience in developing a top Islamic centre. Hosted by the Ministry of International Trade and Indus

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BIBF signs deal with Malaysian Islamic finance academy

Bahrain Institute of Banking and Finance has signed a memorandum of understanding with Malaysia's International Shariah Research Academy for Islamic Finance. Signed by BIBF academic studies and Islamic finance studies centre h

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BIBF signs deal with Malaysian Islamic finance academy

Bahrain Institute of Banking and Finance has signed a memorandum of understanding with Malaysia's International Shariah Research Academy for Islamic Finance. Signed by BIBF academic studies and Islamic finance studies centre h

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Coalition campaign cripples terror group

The US Navy says a five-month air strike campaign against the Islamic State in Iraq and Syria is showing results, but so far only a quarter of the territory once controlled by militants in Iraq has been won back. The Gulf Dail

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