Friday 28 November 2014
 
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Islamic Banking

Islamic banking: The three keys to new growth

The global Islamic finance industry is estimated to be worth $1.3 trillion and is growing at a rate of between 15 per cent and 20 per cent per year. However, growth comes at a cost. Many Islamic banks haven’t had the time to develop a true

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BIBF to develop Islamic Banking MBA with UK Institute

Bahrain Institute of Banking and Finance (BIBF) has signed a memorandum of understanding (MoU) with the University of Bolton (UK) to develop an MBA in Islamic Banking. As per the MoU, BIBF will act as lead content provider for the Islam

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Islamic banks rebranding in bid to go global

Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names - a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming m

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Islamic banking assets to top $3.4 trillion by 2018

Global Islamic banking assets with commercial banks are on course to exceed $3.4 trillion by 2018, fueled by growing economic activity in core Islamic finance markets according to specialists at EY’s Global Islamic Banking Center.

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Thomson Reuters wins Islamic banking award

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has been named the Best Technology Provider for Islamic Banking in The Asset magazine’s Triple A Islamic Finance Awards 2014.

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Commercial Bank of Kuwait goes Islamic

Commercial Bank of Kuwait, the country's fifth largest lender by assets, said a majority of shareholders had approved a plan to convert the bank into a full-fledged Islamic lender, state news agency KUNA reported. The bank'

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Pakistan launches new Islamic banking rules

Pakistan's central bank has issued new rules for the operation of Islamic banking windows, aiming to strengthen their role in the world's second-most populous Muslim nation. The new requirements come at a time when Pakista

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New Islamic banking push by BIBF

The Bahrain Institute of Banking and Finance (BIBF) plan for the year is focused on Islamic banking, said the institute's top official. Briefing the Specific Council for Vocational Training (Banking Sector), BIBF director Solv

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Islamic banking ‘sustainable way forward’

Islamic banking could be the more economically viable and sustainable model of financing going forward, a report said. Following last week’s World Islamic Banking Conference (WIBC) in Manama, Bahrain, the report published by

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Lifetime Achievement Award for Al Lootah

Saeed bin Ahmed Al Lootah, the founder of Dubai Islamic Bank, was presented with the Ethical Finance and Innovation Challenge Awards (EFICA) Lifetime Achievement Award on Tuesday for his crucial role in developing the global Islamic banking indu

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