Bahrain-based Islamic lender Alkhair said its Istanbul Fund has topped the rankings with annualized returns of 23.22 per cent to the end of May.
The ranking was given by Eurekahedge, the world's largest alternative investment
Saudi Arabian sharia-compliant investment bank Alkhair Capital expects to expand its $2 billion of assets under management by 10 per cent annually as it attracts foreign investors to the kingdom, its chairman said.
Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has completed due diligence on a proposed merger with another Bahraini lender Bank Alkhair, said a report.
KHCB shareholders were told yesterday by chairman Dr
The Bahrain Chamber of Dispute Resolution (BCDR) has issued a verdict in favour of Bank Alkahir against its former chief executive officer Majed Al-Refai and has also asked him to repay a $2 million loan he had taken during his tenure in