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KFH-Bahrain private banking offers new productsKuwait Finance House-Bahrain (KFH-Bahrain), one of the leading Islamic banks in the country, has launched new products under its private banking offer. Abdul Razak Jawahery, executive manager of the KFH-Ba More… |
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Cibafi, World Bank to hold 2nd joint summitThe General Council for Islamic Banks and Financial Institutions (Cibafi), the global umbrella of Islamic financial institutions and the World Bank have announced their second joint international conference. The summit on “C More… |
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UAE conventional banks' assets hit Dh2.148 trillionThe total assets of conventional banks operating in the UAE amounted to Dh2.148 trillion ($584.73 billion) by the end of November, accounting for around 80 percent of the UAE banking system's total assets, which reached Dh2.687 trillion. More… |
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Bahrain cbank urges Islamic banks to mergeCentral Bank of Bahrain (CBB) Governor Rasheed Al Maraj has made a renewed call to Bahraini Islamic banks to merge or acquire other institutions. In his keynote address at the opening of the 22nd annual World Islamic Banking Confe More… |
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MSME finance key to Islamic banking growthThe micro and small and medium sized enterprises (MSME) finance industry serves as a key driver of sustainable growth of Islamic banks, according to a recent report. Expanding this business line depends on the development of exter More… |
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Bahrain to see 4 per cent growth despite low oilBahrain’s economy is expected to grow by at least four per cent this year despite global financial challenges and declining oil prices, said a top banking executive. Non-oil sectors would play a crucial role in boosting the More… |
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Basel III ‘will aid Islamic banks' liquidity management’Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said. Most Islamic ba More… |
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Basel III deposit challenge looms over Islamic banksAs banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits. In most ways, Islamic bank More… |
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Major Moroccan banks plan Islamic unitsTwo of Morocco's biggest banks, BMCE and BCP are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Islamic banks and sukuk issues, banking sources said. Parliament's approval w More… |
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New guidelines for Islamic banks, TakafulThe Kuala Lumpur-based Islamic Financial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful, or Islamic insurance, as the industry body expands its activity and membership base. More… |
