The latest The Shariah Report 2012 offers comprehensive reference material about Shariah scholars in the Middle East and around the world as Islamic Finance industry assets top $1 trillion. Failaka Advisors, in partnership with Paris-based Grapes Market Research & Advisory, has released the second edition of The Shariah Report. The 2012 version of the report [...]
Leading players, industry thought leaders and key regulators in the international Islamic banking and finance industry takes part in the 18th Annual World Islamic Banking Conference (WIBC 2011), opens today (Monday) at the Gulf Hotel in the Kingdom of Bahrain. The three day event which concludes on the 23rd of November is convened under the [...]
With an impressive track record of over 40 years and the first in the region to establish a finance industry, Bahrain continues to adopt a pioneering role in Islamic finance, helping to drive forward the concepts, rules and standards of Shari’a compliance, according to a top official at the Kuwait Finance House Bahrain. “The Kingdom [...]
A major merger of Bahrain-based three Islamic investments banks is on the way as part of efforts aimed at consolidating the base of the Islamic banking industry, a top official at the KFH-B revealed. Abdulhakeem Alkhayyat, the Managing Director and Chief Executive Officer at the Kuwait Finance House–Bahrain (KFH-B), on the sidelines of the opening [...]
The Islamic Development Bank (IDB), a founding and permanent member of the International Islamic Financial Market (IIFM), hosted a briefing conducted by IIFM to its group entities and senior officials at the IDB offices in Jeddah. Ijlal Ahmed Alvi, Chief Executive Officer of IIFM briefed the IDB officials on the value addition of IIFM as [...]
With an over 20% of sustained annual growth and having achieved the critical volume estimated at $1 trillion in Islamic assets by 2010, the Islamic financial institutions are at cross roads entering 2011, according to said Ernst & Young. “The industry is expected to continue to show resilience in the face of a challenging economic [...]
Bahrain-based Ithmaar Bank, an Islamic retail and commercial bank, and Ahli United Bank (AUB), a full commercial banking institution signed a $167million five-year secured Morabaha facility. The secured Morabaha facility, Sharia-compliant Islamic finance, is fully underwritten by AUB. The agreement was signed by Ithmaar Bank Chief Executive and Member of the Board, Mohammed Bucheerei and [...]
Bahrain Islamic Bank (BiSB) has received an award for Best Islamic Banking Website 2010 at the annual ceremony organized the Arab Website Shield Award recently in Beirut, Lebanon, the bank in a statement said. “We are pleased with this recognition that comes to highlight the excellence of our website (www.bisb.com) in terms of design and [...]
