Islamic State is still extracting and selling oil in Syria and has adapted its trading techniques despite a month of strikes by US-led forces aimed at cutting off this major source of income for the group, residents, oil executives and traders s
Islamic State wrested a Sunni Muslim village in western Iraq on Thursday from tribal defenders who put up weeks of fierce resistance, and the insurgents tightened a siege of the Yazidi minority on a mountain in the north.
Islamic finance is growing at twice the rate of the traditional banking industry in its core markets, which include Malaysia, Indonesia, Turkey and the GCC countries, according to an expert.
The industry currently boasts $1.6 tril
Iraqi pilots who have joined Islamic State in Syria are training members of the group to fly in three captured fighter jets, a group monitoring the war said on Friday, saying it was the first time that the militant group had taken to the air.
Bahrain's stock exchange plans to launch a range of Islamic investment products, including a novel equity-based murabaha financing tool and Islamic real estate investment trusts (REITs), its chief executive told Reuters.
Bahrain Institute of Banking and Finance (BIBF) is collaborating with Thomson Reuters to study the knowledge dimension of the Islamic finance industry through the ICD Thomson Reuters Islamic Finance Development Indicator (IFDI) 2014.
French fighter jets struck Islamic State targets in Iraq yesterday (September 25), and the United States hit them in Syria, as a US-led coalition to fight the militants gained momentum with an announcement that Britain would join.
Iraq has received ‘credible’ intelligence that Islamic State militants plan to launch attacks on subway systems in Paris and the US, Iraqi Prime Minister Haider Al-Abadi said.
"Today, while I am here, I am receivi
In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's energy industry in their bid to build a caliphate.
Sales at Sha
The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bahrain-based ABC Islamic Bank at A+/A-1 on the national scale (long-term and short-term respectively), and A-/A-2 on the international scale with a 'Stable' ou