Monday 30 March 2015
 
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Islamic

Jordan Islamic Bank posts net profit of $63.6m

Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corp, reported 2014 net profit of BD45.1 million ($63.6 million), the same level as the year-ago period. Its assets had risen to BD3.86 billion by the end of Dec

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HSBC unit raises $205m in Malaysia sukuk sale

The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit ($205 million) from the sale of a five-year Islamic bonds (sukuk) at a yield of 4.24 per cent, IFR reported. The sale is the third tranche of the le

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UAE expands Islamic banks' access to cbank funds

The United Arab Emirates central bank said it was making it easier for Islamic banks to access its special lending facility by expanding the range of collateral they can use. From April 1 Islamic banks, which account for roughly a

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Sharia board to be set up in Bahrain for Islamic finance sector

Inconsistency in compliance with Sharia standards poses an existential threat to Islamic finance, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has said. According to Al Maraj, it was to prevent such an occurrence that t

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Al Baraka bank's units win top Islamic finance awards

Bahrain-based Islamic banking group Al Baraka Banking Group’s (ABG) has announced that four of its units won Islamic Finance News Awards 2014. They were chosen as the best Islamic banks in the region through the annual refer

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'BBK keen on buying Islamic banks’

Bank of Bahrain and Kuwait (BBK) is open to acquisitions of Islamic banks provided they offered a feasible business proposition, the bank's chairman Murad Ali Murad has said. Speaking on the sidelines of a combined annual and

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DSO forum to focus on Islamic digital economy

Dubai Silicon Oasis Authority, the regulatory body of Dubai Silicon Oasis (DSO), will highlight the Islamic Digital Economy and its contribution to Dubai’s broader Islamic economy vision during its 19th TechForum initiative in the UAE emir

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Abu Dhabi Islamic Bank wins top awards

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial services institution, has won 10 awards at the Islamic Finance News Awards Ceremony held in Dubai, UAE recently. The ceremony, which was held at the Ritz-Carlton, Dubai In

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BIBF to launch pioneering Islamic sector course

The world's first training course on the convergence of Islamic capital and halal food and Muslim lifestyle sectors will be available in Bahrain from May. Being offered by the Bahrain Institute of Banking and Finance (BIBF) th

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New alternative growth role for Islamic finance

Islamic finance can play a central role in creating an alternative, more resilient economic and financial system, Central Bank of Bahrain Governor Rasheed Al Maraj has said. According to him, at its core, Islamic finance was based

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