Monday 31 August 2015
 
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Islamic

Turkish jets join US-led coalition strikes on IS

Turkish jets took part in US-led coalition air strikes against Islamic State in Syria for the first time on Friday, the Turkish Foreign Ministry said.   "Our jets started last night to carry out air operatio

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Islamic finance assets to hit $3.2 trillion

The value of assets in the Islamic finance sector is expected to increase 80 per cent over the next five years, to hit $3.24 trillion in value by 2020, according to findings for an upcoming report.   The initial

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IFC gets top rating for $100m sukuk

The International Finance Corp (IFC), the World Bank's lender to the private sector, has received a preliminary AAA rating from Standard & Poor's for a proposed $100 million issuance of sukuk, or Islamic bonds. Proceed

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Key innovations in focus at major Islamic forum

The annual World Islamic Banking Conference (WIBC) in Bahrain is set to yet again galvanise the global Islamic banking and finance industry, organisers have said. WIBC 2015 in December will be the first in over two decades to fully harness tec

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AAOIFI seeks members for key technical boards

Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has announced it is inviting nominations for candidates to serve on its technical boards that are tasked to carry out development and revision of it

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WIBC plans Islamic banking benchmark

The World Islamic Banking Conference (WIBC) will be developing a comprehensive performance assessment framework to help Islamic financial institutions assess their ranking and performance vis-à-vis their competitors. The event is hosted

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Bahrain to host global Islamic finance awards

Bahrain will host the fifth Global Islamic Finance Awards (GIFA) next month. Slated for September 28 at the Gulf Hotel, this year’s awards ceremony is being held in strategic partnership with National Bank of Kazakhstan, said a report in

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Key Islamic finance training programme launched in Bahrain

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global umbrella of Islamic financial institutions, has launched its first executive programme on strategy and leadership for Islamic financial institutions

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US carrier’s pull-out ‘won’t hinder IS fight’

Military operations against Islamic State (IS) militants conducted by the US and a coalition of countries, including Bahrain, will not be affected by a high-profile aircraft carrier’s withdrawal from the region, claim officials. This wil

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Al Baraka backs drive to promote women in banking

The Central Bank of Bahrain (CBB), in cooperation with the Supreme Council for Women (SCW), has named the Al Baraka Group (ABG) as the empowerment partner for women in Islamic banking for a year-long campaign to celebrate and promote the role of

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