Global Halal, Islamic Finance News At Your Fingertips
Dubai Islamic Bank receives award for great significance in Mudarabah, Pakistan and Ijarah transactions Dubai – Dubai Islamic Bank (DIB), Islamic Bank in the UAE has claimed that it has won three awards at the prestigious Islamic Finance News (IFN) Awards 2015. The DIB bank has been awarded for “Pakistan Deal of the Year” for the …
Dubai Islamic Bank Get Three Awards On Islamic Finance Deal Of The YearRead More
Muscat – alizz islamic bank, Oman’s full-fledged Sharia-compliant bank has opened a new branch in Sohar to reach out to more clients. The 551 square metres` property was inaugurated on December 25 at a prominent location at the heart of Sohar, facing the main road. The bank also plans to open a new location in …
Brunei’s financial system is transitioning to one in which Islamic banking and takaful will be the dominant forms of banking and insurance, said the Oxford Business Group (OBG), a global consultancy and research company. According to the latest publication of OBG The Report: Brunei Darussalam 2014, the country’s two Islamic banks, Perbadanan Tabung Amanah Islam Brunei …
Islamic Banks To Dominate Financial Sector In Brunei DarrussalamRead More
In recognition of its role in championing the growth and expansion of the Islamic financial sector in the country, Sohar Islamic – Bank Sohar ‘s Islamic Window, has received the ‘Best Branding Award – Middle East’ at the recently held CPI Financial – Islamic Business and Finance Awards 2014. This marks Sohar Islamic’s first award …
Sohar Islamic Receives Best Branding Award From CPI FinancialRead More
The Islamic banking industry is being hampered by low profits and “mediocre” customer satisfaction despite impressive growth, officials and financial executives say at a financial conference in Bahrain. The sector, which provides banking services compliant with Islamic sharia law, has doubled in size over the past four years and is now worth more than $US2 …
Abu Dhabi Islamic Bank (ADIB) Group posted a 20.5 per cent increase in net profit to AED 476.8 million for Q3 2014. The financial performance, which included the cost of acquiring Barclay’s UAE retail banking business, was underpinned by the main banking business in the UAE, with the Group’s net customer financing assets growing 21.7 …
Abu Dhabi Islamic Bank Net Profit For Q3 2014 Rises 20.5%Read More
Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK’s only wholly Sharia compliant retail bank, today announced the launch of its new Home Purchase Plan (HPP). The home finance product is the first in the UK to be backed by the Government’s new Help to Buy: HPP guarantee scheme. Commenting on the launch, Sultan Choudhury, …
Islamic Bank of Britain launches UK’s First Home Purchase PlanRead More
The creation of a mega Islamic bank will push Malaysian banks to look beyond local shores should the proposed merger of CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd materialise. “If the merger goes through, it may be the starting point for banks to seriously look beyond Malaysia because it makes …
Mega Islamic Bank Will Boost Islamic Finance Growth, Says ExpertRead More
KUALA LUMPUR: Maybank Islamic Bhd has dimissed speculations that it is in talks with Bank Islam Malaysia Bhd over a potential merger and acqusition (M&A). Its chief executive officer Muzaffar Hisham said the proposed merger of three local financial institutions to create a mega Islamic bank has not prompted Maybank Islamic, the region’s largest Islamic …
Maybank Islamic Denies Talks Of Merger With Bank IslamRead More
CIMB Islamic, the sharia compliant unit of Malaysia’s second-biggest lender, said it will pursue a larger balance sheet to help win more business, regardless of whether a proposed merger with two smaller peers happens. In July, CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd secured regulatory approval to begin merger talks, …
Scale A Priority, With Or Without Merger, Says CIMB Islamic CEORead More
ANKARA — Turkey’s state-owned Ziraat Bank terminated the negotiations with Bank Asya, an Islamic lender known for its close ties with the Gülen Movement, and decided to establish its own participation bank that will offer interest-free finance services. According to sources close to the bank, a team was set up to found the participation banking services …
Malaysian banking giant CIMB Group, a leading ASEAN Islamic bank, is pursuing its interest to acquire the Philippines Al-Amanah Bank, which will require between $115 to $230 million in fresh investments to serve the huge Islamic financing needs in the country. Aleem Siddique Guiapal, director of the Muslim Economic Affairs of the National Commission on …
Malaysia’s CIMB To Buy Philippines Only Islamic BankRead More
