Islamic banks post 32% growth in financing
Muscat: Oman’s Islamic banks and window operations have shown a robust year-on-year growth of 31.82 per cent (OMR700 million) in financing at OMR2.9 billion by the end of September 2017, as…
Turkey seeks big share in global halal sector
Turkey can increase its share to 10 percent - $400 billion - in the global halal market, said World Halal Summit’s head on Nov. 21. “With our government’s policies and…
National Bank of Fujairah structures Shari’a-compliant bullion financing solution for Malabar Gold
First-ever transaction in the precious metals market under the new AAOIFI Gold standards National Bank of Fujairah (NBF) PJSC, today announced the completion of a Shari’a-compliant bullion financing transaction with…
KFH, KT Bank AG Sign Euro Vostro Account Services Agreement
Kuwait Finance House (KFH) has signed a bilateral cooperation agreement with KT Bank AG, the first bank in Germany and in the Eurozone with Islamic business model, in terms of…
INCEIF Received MoHE’s Acknowledgment as An Excellent Education Provider
Kuala Lumpur – INCEIF has been ranked Excellent (5-Star) in the Rating System for Malaysian Higher Education institutions SETARA ’17 by the Ministry of Higher Education (MoHE). INCEIF Deputy President Operations…
Dana Gas to appeal London ruling in $700 million sukuk case
Dana Gas, a Sharjah-based energy firm, said it will challenge a ruling by a London court, enforcing the legality of the company’s US$700 million sukuk as the judgement issued on…
Bank Negara gives approval for Touch ‘n Go-Alipay joint venture
PETALING JAYA: CIMB Group Holdings Bhd’s subsidiary Touch ‘n Go Sdn Bhd has been given the green light by Bank Negara Malaysia (BNM) for the incorporation of a joint venture entity…
CIMB gets approval to open retail branch in Philippines
PETALING JAYA: CIMB Group Holdings Bhd’s subsidiary CIMB Bank Bhd has received approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to operate a branch in the Philippines.…
DIB Wins UAE’s Strongest Islamic Retail Bank for 2017
Dubai Islamic Bank, the UAE’s largest Islamic bank, took home the title of ‘Strongest Islamic Retail Bank’ in the UAE 2017 at the Islamic Retail Banking Awards (IRBA) for the…
Indonesia unveils plan to roll out 1,000 eco-mosques by 2020
KUALA LUMPUR (Thomson Reuters Foundation) - Worshippers in Indonesia, the world’s largest Muslim-majority country, are set to go green with a new initiative that aims to establish 1,000 eco-mosques by…
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