Sunday 30 August 2015
 
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Islamic bank

Ibdar Bank H1 revenues up 51pc to $11m

Bahrain-based Ibdar Bank, a wholesale Islamic investment bank, has reported total revenues of $11.1 million during the first half of the year, an increase of 51 per cent above the prior-year period in 2014. Total profits for the p

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Ithmaar Bank H1 net profit soars 634pc

Ithmaar Bank, a Bahrain-based Islamic retail bank, has posted a net profit of $13 million for the first half of 2015, as compared to a net profit of $1.77 million for the same period last year, marking a rise of 634 per cent. Net

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Abu Dhabi Islamic Bank eyes expats as industry growth slows

Abu Dhabi Islamic Bank will focus on winning more business in the United Arab Emirates' expatriate community this year as growth in the national banking sector slows, chief executive Tirad Mahmoud said. Total UAE banking secto

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Barwa Q3 net profit surges 43pc

Qatar-based Barwa Bank has registered a 43 per cent jump in its net profit for the third quarter which hit QR641 million ($176 million) compared to QR447 million ($123 million) for the same period last year. Qatar’s fastest

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DIB, Air Arabia sign $230m aircraft financing deal

Dubai Islamic Bank (DIB) and Sharjah-based Air Arabia have signed a $230 million aircraft financing deal to facilitate the delivery of six new Airbus A320 aircraft in 2015. The signing ceremony was held in the DIB head office in the pre

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Islamic bankers association gets 6 new members

The Association of National Development Finance Institutions in Member Countries of Islamic Development Bank (Adfimi) has accepted the membership of six new banks including a Jordanian lender and two Sudanese banks. The new member

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Al Baraka posts near-flat Q1 profit

Bahrain-based Al Baraka Banking Group reported near-flat first-quarter net profit on Sunday. The Islamic lender recorded a net attributable profit of $36.6 million in the three months to March 31, compared with $36.8 million in th

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Malaysia bank sets up $1.5bn sukuk programme

Public Islamic Bank, the sharia-compliant arm of Malaysia's third-largest lender, has set up an Islamic bond programme to raise as much as 5 billion ringgit ($1.53 billion). The subordinated sukuk murabaha is Basel-III complia

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Nizwa to set high Shariah standards

Bank Nizwa, Oman's first Islamic bank, aims to reach far beyond the boundaries of conventional banking and set new standards in Islamic finance sector, said its top official. Addressing the shareholders of Bank Nizwa, chairman

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KFH inks Islamic banking deal with Meethaq

Kuwait Finance House (KGH)-Bahrain has signed a deal with Meethaq Islamic Banking Group, a unit of Bank Muscat, to support joint business opportunities in the Islamic banking sector. This relates to areas of treasury transactions,

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