Friday 29 May 2015
 
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Islamic

Islamic State claims blast killing 4 at Saudi mosque

Islamic State claimed responsibility for a bombing that killed four people at a Shi'ite Muslim mosque in eastern Saudi Arabia on Friday, the second attack claimed by the Sunni militant group in a week in the world's top oil-exporting cou

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As sovereign issues grow, pricing and design stymie corporate sukuk

Sukuk issuance by governments around the world is expanding, helping to bring Islamic finance into the mainstream. But in one respect, the sovereign issues are proving a disappointment: they are not encouraging sukuk sales by companies.

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Key Islamic finance training launched in Bahrain

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has launched its first executive programme on strategy and leadership for Islamic financial institutions.

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Key Islamic finance training launched in Bahrain

The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, has launched its first executive programme on strategy and leadership for Islamic financial institutions.

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UAE banks mull centralised Islamic finance board

The United Arab Emirates' bank industry association has discussed a proposal to create a centralised sharia board that would monitor Islamic banking, which could spur the growth of the industry. The central bank had proposed s

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IS hacks website of cultural centre in Bahrain

Hackers claiming allegiance to the Islamic State (IS) terrorist group have brought down the website of a Bahraini cultural institution. The website of the Isa Cultural Centre (www.icc.gov.bh), in Juffair, was targeted on May 18 by

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ADIF, SRB to establish Kazakhstan as 'Islamic financial hub'

The Association for Development of Islamic Finance (ADIF) has signed a deal on co-operation with Shariyah Review Bureau (SRB) to establish Kazakhstan as an Islamic financial hub of Central Asia. ADIF solely supported by National B

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Islamic asset managers 'need to boost services'

Almost 70 per cent of Middle Eastern wealth is transferred overseas, an expert has warned. To attract this wealth, Islamic asset managers need to compete with institutions overseas by providing both attractive yields and a superio

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Islamic investments, funds up 10pc in Bahrain

Bahrain's Islamic investments and funds have grown by about 10 per cent annually for the last few years and prospects remain positive, a senior regulatory official has said. Central Bank of Bahrain (CBB) executive director of

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Islamic funds 'playing major role in sector'

More than 200 industry leaders and key decision-makers representing over 115 international and regional organisations have gathered in Bahrain to discuss prospects in the Islamic investments industry. Convened under the patronage

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