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Islamic finance in Tunisia could reach 40pc shareTunisia's fledgling Islamic finance industry could take a 25 to 40 per cent share of the country's financial sector in five years' time if necessary rules, consumer education and private investment plans materialise, a Thomson Reuter More… |
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VC Bank swings to quarterly profitVenture Capital Bank (VCBank), a Bahrain-based Islamic lender, has reported a net profit of $20.2 million for the 15-month period ended March 31 when compared to a loss of $58.7 million for the same period in 2011. The Islamic ban More… |
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IIB Saudi investors get solid dividendsBahrain-based Islamic lender International Investment Bank (IIB) has announced the second consecutive dividend distribution to the investors of its IIB KSA Investments, which owns an equity stake in Saudi developer Ewaan Global Residential More… |
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Takaful poised for big growthThe global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an increasingly important component of the Sharia-compliant banking and finance system, said a report. South East Asia, particularly More… |
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Saudi CPC wins $150m Islamic fundingConstruction Products Holding Company (CPC), the industrial arm of Saudi Binladin Group (SBG) has secured a $150 million Murabaha facility from Standard Chartered in a transaction rated by world-r More… |
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Warba acquires Weatherford Oman propertyKuwait-based Islamic lender Warba Bank said it has acquired the Muscat office building of leading oilfield services company Weatherford Middle East as part of its strategy to capitalise on unique investment opportunities in the region. More… |
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Warba acquires Weatherford Oman propertyKuwait-based Islamic lender Warba Bank said it has acquired the Muscat office building of leading oilfield services company Weatherford Middle East as part of its strategy to capitalise on unique investment opportunities in the region. More… |
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Mashreq plans $100m Islamic equity fundDubai-based Mashreq Capital plans to set up an Islamic equity fund of up to $100 million in the third quarter of this year to invest in stocks across the Gulf region, given lower returns in the bond market, the company's ch More… |
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Qatar's Masraf al Rayan Q1 net up 13pcQatar's largest Islamic lender by market value Masraf al Rayan has reported a 13.2 per cent increase in its first-quarter net profit, beating analysts' expectations. The net profit for the three months to the end of March More… |
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HSBC Islamic unit approves dividendsHSBC Saudi Arabia said its Islamic arm HSBC Amanah, has approved a dividend payment of $0.06 per unit for the first quarter translating in an annualized yield of 2.5 per cent at par value to its shareholders. Similarly, the More… |
