Saturday 12 July 2014
 
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Islamic

Bahrain in deal to promote SMEs growth

The Economic Development Board (EDB) has signed an agreement with the Islamic Corporation for the Development of the Private Sector to promote the growth of small and medium enterprises (SMEs) in Bahrain. This will be done by prov

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Kuwait's CBK gets nod for $425m bond

Commercial Bank of Kuwait, the country's fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank. In April, C

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Airbus, IDB back Islamic aircraft leasing fund

Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa. The fund,

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Dutch firms hit by Saudi retaliation over anti-Islam campaign

Dutch companies are facing problems doing business in Saudi Arabia after the Saudis imposed sanctions in response to anti-Islamic stickers distributed by populist politician Geert Wilders, the Dutch foreign minister said. Foreign

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Khaleeji launches Islamic investment account

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has announced the launch of an investment account based on the Sharia principle of Mudharabah. The Call Mudharabah Account combines the flexibility and convenie

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UNB Islamic unit joins DMCC platform

Al Wifaq Finance Company, the Islamic unit of UAE-based Union National Bank, said it has joined the Dubai Multi Commodities Centre (DMCC) Tradeflow platform. With this move, Al Wifaq aims to conduct new innovative commodity Muraba

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UK firm plans Islamic green energy project

UK-based Simply Sharia, a company of independent financial advisors, said it has become the first to launch a Sharia-compliant green energy project. Simply Sharia will take a leading role in the scheme - the first of its kind in t

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UK firm plans Islamic green energy project

UK-based Simply Sharia, a company of independent financial advisors, said it has become the first to launch a Sharia-compliant green energy project. Simply Sharia will take a leading role in the scheme - the first of its kind in t

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BIBF launches training course

The Bahrain Institute of Banking and Finance (BIBF) is launching a training course to highlight new Sharia standards that were recently announced by  the Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions

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ITS banking solution for Barwa

ITS (International Turnkey Systems), a regional ICT provider that specialises in supplying Islamic Banking technology, has announced another successful regional upgrade for a financial institution, offering increased performance and reduced oper

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