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Bahrain banks announce giant mergerThree leading Bahrain-based Islamic banks Capivest, Elaf Bank and Capital Management House have won approval from its shareholders to create a banking giant which will have shareholders’ equity of almost $350 million and assets in e More… |
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Elaf Bank CEO to leaveElaf Bank, a wholesale Islamic bank headquartered in Bahrain, has announced that its chief executive officer Dr Jamil El Jaroudi will leave at the end of this month to pursue other opportunities. Dr El Jaroudi has been with Elaf Ban More… |
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Elaf registers as Bait Al Bursa userElaf Bank, a wholesale Islamic bank licensed by the Central Bank of Bahrain, has become a registered user of one of the first multi-asset exchange in the Mena region, Bahrain Financial Exchange's (BFX) Islamic division, Bait Al Bursa. More… |
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Elaf, Ohad set up Malaysian JVBahraini Islamic bank Elaf has joined hands with Ohad Trust, a leading provider of fund administration, custodian and trust services based in Bahrain, to set up a joint venture in Labuan, Malaysia. The new company Ohad Labua More… |
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Elaf Bank has sukuk mandates worth $1.5bnBahrain-based Islamic investment bank Elaf Bank has secured sharia-compliant bond mandates worth at least $1.5 billion from three Malaysian firms, its chief executive said on Monday. The Islamic bonds, or sukuk, are being planned for the f More… |
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Elaf Bank wins license for Malaysia branchBahrain-based Elaf Bank, a leading Islamic bank, has been granted a license by the Ministry of Finance Malaysia to open a branch office in Malaysia. Elaf Bank was presented with the license during a formal ceremony held at Bank Negara Mala More… |
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Elaf signs major Indonesian dealBahrain-based Islamic investment house Elaf Bank has entered into a Syndicated Ijarah Facility with Indonesia Air Transport (IAT) along with a consortium of Southeast Asian banks. The Ijarah is for the lease of three helicopters at a cost More… |
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Elaf Bank appoints managerBahrain-based Elaf Bank has appointed Nasser Haram as general manager for support services. Haram will oversee the bank's critical support functions including financial control, risk control, operations, administration, human resources, in More… |
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Elaf Bank names GM treasuryBahrain-based Elaf Bank, has appointed Helmi Haruna Rashid as the general manager for treasury and capital markets (TCM). He will also manage and lead the TCM team in order to grow the Bank’s investment portfolio as well as developing new More… |
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Elaf completes murabaha financingBahrain-based Elaf Bank has announced the closing of a two-year murabaha financing extended to the Shamil Bosphorus Modaraba. This was sponsored by Shamil Bank and Turkish partners to undertake projects worth more than $450 million in Ist More… |
