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Bahrain Islamic banking assets up 13pcThe total assets of Islamic banks in Bahrain have increased 13 per cent at the end of last year – up from 4 per cent in 2003, said Islamic Banks and Financial Institutions general council secretary general Dr Omar Al Hafiz. More… |
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OMA Emirates opens Serbia officeSharjah-based OMA Emirates-Solution Gulf, a leader in payment technologies, recently opened a new office in Serbia. A dedicated team of local sales, after sales and support staff has been put into place to provide the company&rsqu More… |
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Experts discuss Islamic banking issuesThe governance of special purpose vehicles (SPVs) in the Islamic banking industry has been occupying the minds of key stakeholders, said leading experts at a major meeting held in Bahrain. The roundtable discussion themed, "S More… |
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RakBank launches Islamic banking serviceRakBank, also known as the National Bank of Ras Al-Khaimah, has launched its new Islamic banking services including a wide range of products from accounts, loans and cards to Takaful policies. The services will be offered through More… |
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SABB seminars focus on Islamic bankingThe Saudi British Bank (SABB) recently held three seminars in Riyadh, Jeddah and Al Khobar on the opportunities and challenges facing Islamic banking. The seminars also discussed the promising future of Islamic banking in light of More… |
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Oman takes strict approach in Islamic banking rulesOman's central bank took a strict approach to regulating Islamic banking in rules for the sector which it released on Wednesday, setting higher standards for the industry than many other countries. The sultanate announced last More… |
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Islamic banking assets 'set to reach $1.1trn’Islamic banking assets with commercial banks globally, will reach $1.1 trillion this year and continue growing at a rate of 15 to 20 per cent per year, said an expert. "The Mena Islamic banking industry is expected to more th More… |
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United Arab appoints key officialsUnited Arab Bank recently appointed Yusra Abdul Ghaffar and Faisal Al Najjar to the strategic roles of head of Branches & Islamic Banking and head of Liabilities respectively. The bank has also appointed eight new local branch More… |
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KFH-Bahrain deploys key Islamic banking solutionKuwait Finance House – Bahrain (KFH) signed an agreement with International Turnkey Systems (ITS) Group to deploy the latter’s Ethix Core Solution for Islamic banking which will provide new IT solutions to the bank’s financial More… |
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Kuwaiti lender sees Islamic banking boomIslamic banking is growing at more than double the pace of conventional banking in Kuwait and strong demand is expected throughout the Arab region, said the chairman of Boubyan Bank, a leading lender in the country. Credit volumes More… |
