Our Network

Register for our free newsletter

 
 
Latest News

Islamic lender

UAE cuts mortgage lender Amlak’s debt by $1.1B

UAE cuts mortgage lender Amlak’s debt by $1.1B

The federal government has cut struggling Islamic lender Amlak's debt burden by $1.1 billion, the UAE economy minister said on Tuesday, in the latest effort to revive the Dubai mortgage provider whose stock has been halted since 2008.

March 20, 2012 10:59
 
Bahrain's Al Baraka eyes more growth in Asia Pacific

Bahrain's Al Baraka eyes more growth in Asia Pacific

Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.

March 4, 2012 11:17
 
Bahrain’s Al Baraka eyes more growth in Asia Pacific

Bahrain’s Al Baraka eyes more growth in Asia Pacific

Bahraini Islamic lender Al Baraka Banking Group aims for 15-percent growth in net profit this year and plans to buy a 75-percent stake in an unlisted Indonesian bank as part of its global expansion plan.

March 4, 2012 11:17
 
Bahrain’s Al Baraka Banking Group posts flat Q4 profit

Bahrain’s Al Baraka Banking Group posts flat Q4 profit

Bahraini Islamic lender Al Baraka Banking Group made a fourth-quarter net profit of $46 million, unchanged on the same period in 2010, the bank said in a statement on Thursday.

February 25, 2012 1:26
 

UAE’s Tamweek Q3 net profit exceeds expectations

Q3 net profit 15.7 million dirhams vs 7.3 million dirhams; Impairment provisions fell to 13.5 million dirhams

October 23, 2011 2:22
 

Dubai takes over Islamic lender Dubai Bank

Govt 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 12:43
 

Qatar’s QIB bond price talk 262.5 bps + midswaps- sources

QIB wants to raise a minimum of $500 million from the A-rated bond.

September 30, 2010 8:58
 

Jordan Islamic Bank posts 28.9 drop in H1 profit

But assets rise, according to balance sheet.

July 29, 2010 2:09