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Thursday, 26 November 2009 23:28 UAE time

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Monday, 27 April 2009

Dubai Islamic Bank gets approval for capital increase

Islamic Finance
EGM confirms $1.2bn increase to fund expansion and protect lending position.

Dubai Islamic Bank gets approval for capital increase

Sunday, 26 April 2009

Qatar Islamic Bank launches Global Sukuk Plus Fund

Islamic Finance
QIB's affiliate, EFH initiates European platform for Shariah-compliant investment.

Qatar Islamic Bank launches Global Sukuk Plus Fund

Wednesday, 22 April 2009

Bahraini Islamic bank eyes France

Islamic Finance
Al Baraka Banking Group plans to tap into Western Europe's largest Muslim community.

Bahraini Islamic bank eyes France

UK gov't removes hurdles for Islamic debt issuance

Islamic Finance
Tax changes aimed at encouraging growth of London as an Islamic finance hub.

UK gov't removes hurdles for Islamic debt issuance

Tuesday, 21 April 2009

Saudi's Al Rajhi eyes Asia for M&A deals

Islamic Finance
World's largest Islamic bank eyes opportunities to capitalise on the economic slump.

Saudi's Al Rajhi eyes Asia for M&A deals

Sunday, 19 April 2009

New $10bn Islamic bank to launch $3bn IPO - bankers

Islamic Finance
Gulf investors launching new Islamic investment bank to tap interest in sharia-compliant institutions.

New $10bn Islamic bank to launch $3bn IPO - bankers

Saturday, 18 April 2009

SIB posts 7% profits increase

Islamic Finance
Profits increase at Sharjah Islamic Bank comes against backdrop of rise in total assets to Dh15.7bn.

SIB posts 7% profits increase

Tuesday, 14 April 2009

Unicorn Investment Bank in merger talks

Islamic Finance
CEO also confirms plans to sell an Islamic bond worth $425mn by Q3 to fund Bahrain bank's future expansion.

 Unicorn Investment Bank in merger talks

Islamic insurance market forecast to hit $7.7bn by 2012

Islamic Finance
Untapped Muslim markets offer potential to insurers, says Ernst & Young report.

Islamic insurance market forecast to hit $7.7bn by 2012

Crisis looms for Islamic banks amid property downturn

Islamic Finance
Islamic banker warns of 'real threat' to industry if liquidity does not return by Q3.

Crisis looms for Islamic banks amid property downturn

Monday, 13 April 2009

Mashreq Capital plans sukuk fund

Islamic Finance
Dubai-based firm to exploit sukuk offering high returns as Islamic bond market attracts greater interest.

Mashreq Capital plans sukuk fund

Islamic banks lack size for energy role

Islamic Finance
Senior exec claims few Gulf Arab Islamic banks have sufficient scale to take advantage of growing energy sector.

Islamic banks lack size for energy role

Mortgage securitisation to drive Islamic growth

Islamic Finance
Islamic banks may gradually eye consumer mortgage business including tangible assets like cars - analyst.

Mortgage securitisation to drive Islamic growth

Wednesday, 08 April 2009

Al Ghurair Group seals loan facility

Islamic Finance
Syndicated loan facility to be used to fund further expansion of Dubai’s mixed use Al Ghurair City.

Al Ghurair Group seals loan facility

Islamic finance industry to grow to $1.6tn by 2012

Islamic Finance
Growth to come from opportunities in underpenetrated markets.

Islamic finance industry to grow to $1.6tn by 2012

Monday, 06 April 2009

KFH unit seals Russia Islamic finance deal

Islamic Finance
Liquidity Management House and Russia’s VTB Capital team-up to develop Islamic products across Russia.

KFH unit seals Russia Islamic finance deal

Sunday, 05 April 2009

Profits surge at SALAMA

Islamic Finance
Takaful insurer proves resistant to global crisis by posting 42 percent increase in gross written premiums.

Profits surge at SALAMA

Wednesday, 01 April 2009

Fitch downgrades Kuwait Finance House

Islamic Finance
Ratings agency revision reflects KFH’s exposure to distressed Kuwaiti investment companies.

Fitch downgrades Kuwait Finance House

Tuesday, 31 March 2009

Islamic 'mega bank' on course for launch

Islamic Finance
Sheikh Saleh Kamel to launch world's largest Islamic bank in 2009, says CEO of Al Baraka Banking Group.

Islamic 'mega bank' on course for launch

Monday, 30 March 2009

Qatar Islamic Bank to launch sukuk fund

Islamic Finance
Bank's QIB European Finance House unit intends raising $200m for London-managed fund.

Qatar Islamic Bank to launch sukuk fund

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No, I’m spending the same.
No way, it's champers and caviar for dinner every night!
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