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Nokia charging back with full force
Saudi government websites targeted
Bank eyes Islamic bond of at least $500 million; Sukuk to be issued depending on market conditions; Issue will fall under new $2 billion bond programme; Roadshows planned between May 7 - May 11
May 2, 2012 3:22
As one of Egypt's biggest commercial banks, AlexBank prepares to launch Islamic financial services next April, the country's political divisions have left the regulatory environment unclear and unsettled.
April 23, 2012 3:00
Islamic financial assets hit $1.3 trillion globally in 2011, a 150 percent increase over the past five years as the industry expanded into new countries beyond core markets in the Middle East and Malaysia
April 7, 2012 1:23
Bahraini investment house Arcapita's move to file for bankruptcy protection in the US is unlikely to prompt other regional firms to follow suit.
March 21, 2012 2:20
More often than you think, people think Islamic finance is a sham, says Oliver Agha, founding partner of a shari'ah-compliant law firm. But Agha says it's all borne from ignorance.
January 28, 2012 2:16
The insolvency of an Islamic mortgage lender in Canada may hinder the growth of Sharia-compliant finance in North America, where it is already struggling in the absence of regulation.
December 5, 2011 2:30Islamic finance assets around the world are expected to climb 33 percent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.
November 22, 2011 2:15The global debt crisis may help Islamic finance nearly double to $1.8 trillion in assets by 2016 as stagnant corporate lending pushes institutions to seek alternative financing to traditional methods, according to a report by Deutsche Bank.
November 16, 2011 12:49
The $1 trillion global Islamic finance market still has a bright future, barring any sharp turns in the world’s economic crisis, with the Arab Spring pushing investors into Asia.
October 12, 2011 2:10Hussein Hassan, Deutsche Bank's former head of Islamic finance and structuring in the Middle East and North Africa Global Markets, has left the firm to join competitor UBS in Dubai.
September 15, 2011 11:08
The $1 trillion Islamic finance industry has faced some challenges with financial distress becoming the norm. Can Islamic financial institutions be any more ethical, asks E. Shahid.
September 3, 2011 4:12
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 12:54
Stained by the debt crisis and shaky legal foundations, can bankers breathe new life into ailing global Shari’a banking sector?
June 7, 2011 12:06
Islamist influence seen promoting Islamic finance; Seen growing to draw Gulf funds for rebuilding; Egyptians wary of past corruption scandals
April 23, 2011 8:00
While protestors are raging in several Middle Eastern capitals demanding political and economic reforms, regime changes and an end to corruption, there’s been speculation on the impact on Islamic finance.
March 31, 2011 4:51
Telecom company exhibits its high impact projects, including Mobile Baby.
May 21, 2013 6:01
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
