Alizz Islamic Bank Achieves Investment Grade Credit Rating
MUSCAT: Alizz Islamic Bank (SAOG) has been assigned by Capital Intelligence (CI), the international credit rating agency, an initial long-term rating …
Finance
UK Banks Arrange First Islamic-Structured Helicopter Financing Deal
The Bank of London and the Middle East (BLME), a Sharia compliant bank based in London along with Lloyds Bank have arranged the World’s First …
Turkey: Islamic Finance System In Turkey
The Islamic finance system has arisen due to various religious and economical reasons and, in general, it is a system where any and all kinds of …
Kuveyt Turk Subsidiary Opens For Islamic Business In Frankfurt
KT Bank is the first bank in Germany to offer a comprehensive range of financial products and services under the principles of Islamic banking.
Kuveyt …
Capital Intelligence Lowers KFH’s Financial Strength, Long-Term Foreign Currency Ratings
Capital Intelligence (CI) has lowered the Financial Strength Rating (FSR) of Kuwait Finance House K.S.C. (KFH) to ‘BBB’ from ‘BBB+’. The new rating is …
KFH Posts Net Profit Of KWD 62.3 Million In H1 2015 An Increase By 14.1 Per Cent
Kuwait Finance House (KFH) has achieved net profit of KWD 62.3 million for the first half of 2015 compared to KWD 54.6 million over the same period …
Bank ABC Islamic Announces 47% Increase In Half-Year Profit to US$10.9 Million
Bank ABC Islamic today announced that its net profit for the first half of 2015 was US$10.9 million, 47% higher than the profit of US$7.5 million …
Indonesia Vying To Host World Islamic Infrastructure Bank
Indonesia is currently competing against Turkey in a bid to host the World Islamic Infrastructure Bank (WIIB), which will act as the infrastructural …
Malaysia Expects Its Islamic Finance Sector To Grow By 18% Annually
The Shariah-compliant banking sector in Malaysia, already among the largest in the world by assets, is forecast to grow at an average annual rate of …
Bank Of Tokyo-Mitsubishi UFJ Gets Dubai Islamic Finance Licence
Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) said it had obtained permission from the Dubai Financial Services Authority to operate a so-called …
Knowledge Of Islamic Finance Mandatory For Every Muslim: Prof Irfan Shahid
Chennai: Asserting that acquiring knowledge of Islamic Finance (Ilmul Muamilat) is mandatory for every Muslim, Professor Irfan Shahid, Islamic finance …
Islamic Finance Poised To Jump On The Asian Infrastructure Bandwagon
Islamic finance aims to move into longer-term infrastructure projects in Asia, and, Africa, as governments and Islamic bankers plan a new organisation …
Japan’s 3 Major Banks Eye Islamic Finance Services Overseas
TOKYO – Japan’s 3 megabanks are trying to conceive how they will offer financial services under Islamic law overseas now that the …
Belgian University Launches Diploma Courses In Islamic Finance
The School of Management of the University of Louvain in Belgium launched a diploma in Islamic Finance. The courses which will run with the help of …
Gulf Bank Joins Hands With National Fund’s SME Debt Program in Kuwait
Developed by the Kuwait National Fund for SMEs Development and established under law to encourage centralized business activities in Kuwait by …
Turkey’s Bank Asya Sells Stake In Tamweel Africa To ICD
In a statement to Borsa Instanbul on 8 January, Bank Asya (Asya Katilim Bankasi) revealed it is selling the whole of its 40 per cent stake in Tamweel …
Bangladesh To Seek ITFC Funds At Reduced Interest Rates
Bangladesh bids for further cut in interest rate on loan from the International Islamic Trade Finance Corporation (ITFC) to help lower the cost of …
Top Four Reasons To Ban Interest From Banks
The author of this blog post and President of the Japan Institute Of Islamic Finance (JIIF), H. Maqsood Ahmed, recently got a chance to go through an …
Islamic Financial Services: SBP To Launch 3rd FICF Round On January 9
State Bank of Pakistan will launch the 3rd Financial Innovation Challenge Fund (FICF) round on 9th January 2015, in Islamabad. Finance Minister Ishaq …
Is Japan Ready To Enter Into the Field Of Islamic Finance Yet?
Although Japan is the third-largest economy in the world, it does not yet allow its banks to involve in any non-banking-related activities such as …
DIEDC Sets Ambitious Course Ahead to Achieve Dubai’s Islamic Economy Goals
Board Reviews Initiatives, Progress and Outlines Future Plans
Dubai – His Excellency Mohammed Abdullah Al Gergawi, Chairman of the Sheikh …
12th Islamic Financial Services Board Summit To Be Held In Almaty
The 12th Sammit of the Islamic Financial Services Board (IFSB) will take place in Almaty from May 19 to 21, Tengrinews reports citing BNews.kz. It is …
Scarcity Of Professionals Hurting Islamic Finance Industry
As we mentioned in one of our previous articles on this website, the Islamic banking & finance industry is facing a huge shortage of experts who …
Jordan Likely To Issue Islamic Sukuk Next Month
Jordan likely to issue Islamic sukuk next month.
The Central Bank of Jordan (CBJ) is likely to begin managing the first issue of Islamic sukuk …