Wednesday 4 March 2015
 
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Islamic

Experts shed light on major Islamic investment sectors

Infrastructure development, education, food and agriculture are high potential sectors for Islamic investments, an expert has said. Bahrain’s Economic Development Board (EDB) chief economist Dr Jarmo Kotilaine said the incre

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Bahrain to position itself as Islamic markets hub

Bahrain is looking to position itself as the centre of excellence for the entire Islamic market, Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa has said. According to him, a mission of the government was to make the kingdom

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Islamic State ‘must keep expanding to survive’: report

International investigators have said that in order for the Islamic State to remain financially viable it would have to further expand territory it controls in Iraq and Syria and take over more resources. The Paris-based Financial

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ABC Islamic Bank profit up 23pc to 15m

ABC Islamic Bank has posted a net profit of $15.1 million last year, a 23 per cent increase as compared to $12.2 million recorded in 2013. The net profit for the fourth quarter was $3.6 million, 19 per cent higher than the same pe

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Islamic State threatens security of oil firms

A key source of funding for the Islamic State is illicit oil trafficking, which has led to huge financial losses for the affected oil companies, according to recent reports. IS also poses major security concerns for these companie

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Islamic investment in Bahrain forum spotlight

The upcoming Global Islamic Investment Gateway (GIIG) in Manama will help consolidate Bahrain's standing as a leading innovator in Islamic finance always open to exploring new ideas, according to Economic Development Board (EDB) chief econom

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Internationalisation strategies for Islamic finance in focus

The General Council for Islamic Banks and Financial Institutions (CIBAFI) and the Islamic Development Bank (IDB), the global umbrella organisation for Islamic financial institutions (IFIs), has launched a roundtable meeting of the directors of o

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Al Baraka Q4 net income up 12.5pc

Al Baraka Banking Group , the Bahraini Islamic lender with operations in more than a dozen countries, posted a 12.5 per cent increase in fourth-quarter net income, the bank said in a statement on Sunday. The bank, which has operat

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Jordan's air force resumes raids against Islamic State

Jordanian air force jets bombed the hideouts of Islamic State militants in Syria, state television said, resuming the intensified raids that it first launched last week in retaliation for the killing of a pilot. King Abdullah has

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Investment opportunities in Islamic markets reviewed

The $2.1 trillion halal lifestyle market value and the $1.65 trillion assets under management are key drivers for Organisation of Islamic Co-operation (OIC) economic development, it has emerged. Participants at the Global Islamic

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