Friday 28 November 2014
 
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Islamic finance leaders to convene at Bahrain conference

Industry titans, pioneers and global leaders in the international Islamic banking and finance industry are set to take part a conference to be held in Bahrain from December 1. The 21st Annual World Islamic Banking Conference (WIBC

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‘Standardisation vital for Islamic finance sector'

The standardisation of Islamic finance and the future of the industry were discussed at a key conference in Bahrain yesterday (November 17). Representatives of the Islamic banking sectors from more than 35 countries converged on t

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IS leader urges attacks in Saudi Arabia

Islamic State leader Abu Bakr Al-Baghdadi called for attacks against the rulers of Saudi Arabia in a speech purported to be in his name on Thursday, saying his self-declared caliphate was expanding there and in four other Arab countries.

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ABC Islamic Bank posts 25pc profit rise

ABC Islamic Bank has posted a new profit of $11.4 million for the first nine months of the year, an increase of 25 per cent as compared to the same period last year. Its total operating income rose to $16.5 million, compared to $1

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IS fighters kill 220 Iraqis from tribe that opposed them

Islamic State militants executed at least 220 Iraqis in retaliation against a tribe's opposition to their takeover of territory west of Baghdad, security sources and witnesses said. Two mass graves were discovered containing s

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Bahrain’s Islamic finance growth to hit $80bn

Bahrain continues to be the best performing country in Islamic finance with projected growth expected to touch $80 billion by the year-end. This was highlighted by the Thomson Reuters, research and development head Mustafa Adil du

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Dubai gears up for Islamic economic forum

More than 2,000 delegates including global heads of government, decision makers, economic experts and business leaders will be in Dubai, UAE, for the 10th World Islamic Economic Forum (WIEF), which opens on October 28. The forum w

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Islamic State keeps up Syrian oil flow despite strikes

Islamic State is still extracting and selling oil in Syria and has adapted its trading techniques despite a month of strikes by US-led forces aimed at cutting off this major source of income for the group, residents, oil executives and traders s

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Islamic State militants seize Iraq village

Islamic State wrested a Sunni Muslim village in western Iraq on Thursday from tribal defenders who put up weeks of fierce resistance, and the insurgents tightened a siege of the Yazidi minority on a mountain in the north. The atta

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Islamic finance grows twice as fast as traditional banks

Islamic finance is growing at twice the rate of the traditional banking industry in its core markets, which include Malaysia, Indonesia, Turkey and the GCC countries, according to an expert. The industry currently boasts $1.6 tril

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