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Friday, 27 November 2009 16:08 UAE time

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Monday, 03 August 2009

Ajman Bank sees break even by Q4 or earlier - CEO

Islamic Finance
Lender, which began operations at start of 2009, aims to open 10 branches in 2010.

Ajman Bank sees break even by Q4 or earlier - CEO

Wednesday, 29 July 2009

Dubai to free 3 ex-Tamweel property execs on bail

Islamic Finance
Detentions were part of a series of high-level arrests as gov't aims to root out corruption.

Dubai to free 3 ex-Tamweel property execs on bail

ADIB sees Q2 profits slump 30%

Islamic Finance
Abu Dhabi Islamic Bank says expects rest of year to be tough as credit environment remains weak.

ADIB sees Q2 profits slump 30%

Monday, 27 July 2009

Dow Jones expands Islamic market measure

Islamic Finance
Eleven new countries takes the firm's total number of markets to 68.

Dow Jones expands Islamic market measure

Wednesday, 22 July 2009

NBK buys 13.2% of KIA’s stake in Boubyan for $295m

Islamic Finance
NBK buys 154 million shares for $295m, taking its holding to 27.5%.


Thursday, 16 July 2009

Sukuk defaults expose Islamic finance soft spot

Islamic Finance
Most sukuk investors may not have better legal redress than conventional bondholders - analysts.

Sukuk defaults expose Islamic finance soft spot

Tuesday, 14 July 2009

Saudi Saad's sukuk investors mull setting up committee

Islamic Finance
Investors in troubled conglomerate look for representation at creditor meetings.

Saudi Saad's sukuk investors mull setting up committee

Monday, 13 July 2009

Gulf corporate Islamic bonds to flow only in 2010

Islamic Finance
ABC Islamic Bank's MD says sluggish investor confidence set to keep market pricing high.

Gulf corporate Islamic bonds to flow only in 2010

Islamic finance sector too reliant on real estate - report

Islamic Finance
New banking study says industry needs to diversify after seeing 'significant shrinkage'.

Islamic finance sector too reliant on real estate - report

Friday, 10 July 2009

Sukuk defaults seen rising as global slowdown weighs

Islamic Finance
$1 trillion Islamic finance industry begins to feel the chill of the global downturn.

Sukuk defaults seen rising as global slowdown weighs

Monday, 06 July 2009

RAK starts marketing sukuk - report

Islamic Finance
Sheikdom reported to have started investor meetings to sell Islamic bonds, say two bankers and an investor.

RAK starts marketing sukuk - report

Saturday, 04 July 2009

Saudi Electricity set to sell more sukuk

Islamic Finance
CEO of state-owned enterprise indicates market may be tapped again after last week's pricing of $5bn issue.

Saudi Electricity set to sell more sukuk

Friday, 03 July 2009

Islamic banks need to revamp business model - E&Y

Islamic Finance
Liquidity constraints will force Islamic banks to look for new customers, funds sources.

Islamic banks need to revamp business model - E&Y

Wednesday, 01 July 2009

Dow Jones launches Islamic Index

Islamic Finance
International Titans 100 Index will provide exposure to leading Shari'ah-compliant companies outside US.

Dow Jones launches Islamic Index

Sunday, 28 June 2009

Former Islamic finance company chief jailed

Islamic Finance
Ex-chairman and four board members sent to prison in breach of trust case.

Former Islamic finance company chief jailed

Saturday, 27 June 2009

Bahrain's Capinnova to co-invest in $50m retail sector project

Islamic Finance
Bank of Bahrain & Kuwait unit signs Islamic project finance deal for local mall.

Bahrain's Capinnova to co-invest in $50m retail sector project

Monday, 22 June 2009

Kuwait's KIA to auction stake in Boubyan

Islamic Finance
UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

Kuwait's KIA to auction stake in Boubyan

Saturday, 20 June 2009

Saudi developer Jabal Omar plans sukuk issue

Islamic Finance
Saudi developer had earlier faced problems in raising a multi-billion dollar financing.

Saudi developer Jabal Omar plans sukuk issue

Thursday, 18 June 2009

NBK raises Boubyan Bank stake

Islamic Finance
National Bank of Kuwait becomes third-largest shareholder in the Islamic lender.

NBK raises Boubyan Bank stake

Tuesday, 16 June 2009

Albaraka sees '09 net profit flat

Islamic Finance
Bahrain-based Islamic bank says expected numbers due to systems investment and branch openings.

Albaraka sees '09 net profit flat

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