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Islamic bank

Kuwait Finance House 2011 profit drops 24 percent

Kuwait Finance House 2011 profit drops 24 percent

Kuwait Finance House (KFH) , the country's largest Islamic bank, said on Wednesday its profit fell by 24 percent in 2011, as the lender put aside money to meet investment losses.

February 15, 2012 2:35
 
Dubai Islamic 2011 net profit rises 25 percent

Dubai Islamic 2011 net profit rises 25 percent

Dubai Islamic Bank (DIB), Dubai's largest sharia-compliant bank by assets, posted a 25 percent rise in 2011 net profit, the lender said in a statement on Thursday.

February 2, 2012 1:00
 
UAE mall group MAF launches $400M sukuk

UAE mall group MAF launches $400M sukuk

Dubai mall developer Majid Al Futtaim (MAF) Holding launched a $400 million five-year Islamic bond, or sukuk, at a profit rate of 5.85 percent, tighter than guidance.

January 31, 2012 3:02
 

Tamweel launches $300M 5-year sukuk

Dubai's Tamweel, a sharia-compliant mortgage provider, has launched a $300 million five-year Islamic bond, or sukuk, a document from lead managers said on Tuesday.

January 11, 2012 11:18
 

Dubai Islamic CEO resigns from Bahrain’s GFH board

Dubai Islamic Bank's Chief Executive Officer Abdulla Al Hamli has resigned from the board of Gulf Finance House , the Bahraini investment bank said Sunday.

January 8, 2012 10:43
 

Abu Dhabi Islamic Bank pays off $800M sukuk

Abu Dhabi Islamic Bank (ADIB) said it had fully paid an $800 million, five-year Islamic bond which matured on Dec. 12, 2011.

December 13, 2011 11:40
 

Bahrain pushes bank merger to boost capital

Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases, a senior official said on Sunday.

December 11, 2011 6:28
 

UAE’s ADIB sukuk price seen mid-200 bps over midswaps

Abu Dhabi Islamic Bank has issued an initial pricing indication for a five-year dollar-denominated benchmark-sized sukuk, or Islamic bond, with pricing set for Tuesday at the earliest, leads said on Monday.

November 22, 2011 2:09
 
Oman avoids “toxic” Europe but sticks with US debt

Oman avoids “toxic” Europe but sticks with US debt

With its economy expecting 5 percent growth in 2011, Oman says it will keep investing in US Treasuries because “no one else is pulling out their investment”.

October 11, 2011 2:14
 

Islamic megabank gets Bahrain, Malaysia approvals

Saudi Arabia's Sheikh Saleh Kamel said the venture is still in discussions with Qatar to obtain a licence.

February 16, 2011 4:03
 
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