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Islamic finance is still growing, but a major aspect is missing: the development of big cross-border banks that could spread ground-breaking products and best practice around the region, as multinational banks have done in conventional finance
June 10, 2012 5:58
Launch spread at 185 bps over midswaps; Pricing tightened 15 bps from initial guidance; Sukuk to price Tuesday; first under new $2 billion programme
May 17, 2012 11:11Kuwait Finance House's Bahraini unit will advise on the merger of three Islamic banks in the Gulf state, its chief executive said in a statement on Sunday, without naming the institutions involved.
September 26, 2011 2:06
Bank Al Izz is one of two Islamic banks to open in Oman; Banks will open in one or two years - central bank official; Al Izz opted for Islamic bank license after royal decree
August 21, 2011 11:49
With the market shrinking, Noor Islamic breathes hope in breaking even this year ahead of target. One step at a time though, bank doesn’t see immediate future in Islamic bonds.
August 4, 2011 11:55A long-touted $3 billion Islamic megabank is more likely to be established in Bahrain although a final decision has not yet been made, the chief executive of Al Baraka Bank, who also serves as an advisor for the project, told Reuters on Tuesday.
August 2, 2011 12:54
Say what you will but the truth is the Islamic Finance industry’s got a long way to go. Eva Fernandes proves just that.
June 28, 2011 8:07
Sipchem plans to raise 1.5-2 bln riyals from sukuk; Book building for sukuk to begin next week – CEO; Sukuk to fund expansion of projects with costs over $1 bln
June 20, 2011 12:54HSBC seeks to tap demand for Islamic debt; Sukuk priced in line with guidance
May 29, 2011 9:44
Islamic bank employees retained, excess staff redeployed; Creating new project and risk advisory division at bank
May 24, 2011 3:00
Investor demand could drive new issuances from Gulf; No plans to shift HQ from London; No impact of regional unrest on bank's ME operations
May 24, 2011 2:03HSBC ME may join the ranks of Sharjah Islamic Bank and Islamic Devt Bank as it looks at potential sukuk issue, after having raised $500 million from a 5-year bond issue in October 2010.
May 24, 2011 9:58Gulf Arab markets may see a third day of weakness on Tuesday after global stocks failed to make a recovery….
May 17, 2011 10:16Govt to wholly own Dubai Bank after capital injection; Options for bank's future still being assessed; Deal to dilute holdings of shareholders
May 16, 2011 12:43Bank Nizwa to provide Islamic banking services in Oman; Central Bank to consider applications for Islamic windows
May 16, 2011 9:43
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
