Wednesday 26 September 2018
 
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Islamic

Islamic New Year holiday on Sept 11 in Bahrain

Bahrain's ministries, departments and official institutions will be closed on Tuesday, September 11, corresponding to Muharram 1, marking the 1440H New Year.    Prime Minister His Royal Highness Prince K

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DGCX in deal to boost Dubai’s Islamic finance status

The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) have signed a MoU to share knowledge, promote shari’ah compliant finance, and help foster Dubai as the global capital of Islamic econom

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DGCX in deal to boost Dubai’s Islamic finance status

The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) have signed a MoU to share knowledge, promote shari’ah compliant finance, and help foster Dubai as the global capital of Islamic econom

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Bank ABC Islamic posts H1 profit of $15.6m

Bank ABC Islamic today announced that its net profit for the first half of 2018 was $15.6 million, 3% higher than the net profit of $15.1 million reported in the first half of 2017.    Second quarter 2018 ne

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Al Hilal Bank partners with ADGM to promote Islamic finance

Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic finance in Abu Dhabi and across the UAE.   

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Dubai Islamic Bank donates $4m to Sharjah charity

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has donated Dh15 million ($4.08 million) of Zakat money to Sharjah Charity International, said a report. Abdul Razzaq Al Abdullah, head of Community Services Departmen

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Cibafi AGM focus on strategic plan 2019-2022

The General Council for Islamic Banks and Financial Institutions (Cibafi), the global umbrella of Islamic financial institutions, held its Annual General Meeting in Jeddah, Saudi Arabia and discussed the Strategic Plan 2019–2022.

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Dubai Investments to launch new Islamic bank

Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank wi

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Ithmaar Bank posts $16.55m net profit for 2017

Ithmaar Bank, a Bahrain-based Islamic retail bank and a wholly-owned subsidiary of Ithmaar Holding, reported today a net profit of BD6.24 million ($16.55 million) for the period ended December 31, 2017.    T

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Suicide bombers attack church in Pakistan; eight killed

A packed Christian church in southwestern Pakistan was targeted by two suicide bombers on Sunday, killing at least eight people and wounding up to 45, said a report. The gunmen wearing explosives-filled vests stormed the church in

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