Friday 31 October 2014
 
»
Tag
 
»
Islamic lender

KFH client settles $297m debt

Kuwait Finance House, the Gulf Arab state's largest Islamic lender, said on Monday that a customer had settled $296.6 million of debt owed to the bank and that the impact of the receipt would be reflected in its second-quarter results.

More…

Dubai, Abu Dhabi property prices 'up 10-15pc'

UAE-based Islamic home finance provider Tamweel said the sale price of properties in its portfolio in Dubai and Abu Dhabi increased by 10 to 15 per cent from January 2011 and June 2012. Releasing the data on the sale prices of propertie

More…

Sakana sponsors finance seminar

Bahrain-based Islamic mortgage finance provider Sakana Holistic Housing Solutions has confirmed its sponsorship for the upcoming seminar of Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI). The seminar, which wil

More…

BisB, Al Salam name advisor for merger

Bahrain Islamic Bank and Al Salam Bank have named KPMG Fakhro as advisor after receiving approval from the central bank for their planned merger, Al Salam Bank said in a statement on the Bahrain bourse late Tuesday. The two banks said they

More…

Dubai mortgage lender Amlak's Q2 loss widens

Troubled Islamic mortgage lender Amlak posted a wider second quarter net loss as income from its core business fell and impairments more than doubled, the company said in a statement on Tuesday. The Dubai lender made a net loss of 52.2 mil

More…

KFH Q2 profit falls 43pc to $83m

Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 43 percent fall in the second-quarter net profit, missing analysts forecasts for the fourth consecutive quarter.      Net profit in the

More…

KFH seals $180m debt restructuring deal

Kuwait Finance House, the country's biggest Islamic lender, said on Sunday it has signed a deal with Gulf Investment House to restructure the KD49.5 million ($180 million) it owes in debts. The agreement 'includes converting the cu

More…

Dubai's Noor Islamic may break even in 2011

Dubai's Noor Islamic Bank could break even in 2011, a year ahead of target, and will consider merger and acquisition opportunities later to expand overseas, its chief executive said on Wednesday. Noor Islamic Bank focuses mainly on cor

More…

Amlak Q1 loss soars on higher provisions

Dubai-based lender Amlak said on Thursday net loss for the first-quarter soared hurt by higher provisions and a sharp drop in revenues. The Islamic mortgage lender made a net loss of Dh53.9 million ($14.67 million) for the quarter, compare

More…

KFH to expand residential investments

Kuwait Finance House, the country's biggest Islamic lender, is looking for real estate investments in southern China and Europe to expand its assets under management, a senior official said on Wednesday. Kuwait Finance House has $1.5 b

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads