Mr. Adnan Ahmed Yousif, Chief Executive of Al Baraka Banking Group, visited together with members of the executive management of the Group the site of the Group Headquarter in Bahrain Bay. A detailed explanation of construction works was given to him.
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Islamic Development Bank has selected the following four nongovernmental organisations to implement the $130 million (more than Tk 900 crore) Fael Khair programme for victims of Cyclone Sidr: Islami Bank Foundation, Muslim Aid, Voluntary Organisation f…
Islamic Development Bank (IDB) conducted a roadshow in Asia, the Middle East and Europe. This is part of a resource mobilization plan.
The roadshow began in the UAE and reached London where the bank has successfully priced, $750 million, 5-year, Trust …
Moody’s Investors Service put the E+ bank financial strength rating (BFSR), mapping to B1 on the long-term rating scale, of Dubai Bank (DB) on review with direction uncertain.
The review comes after the Government of Dubai’s announcement on 16 May 20…
Alfalah Consulting is the organizer of the KL Conference on Islamic Wealth Management 2011, that is going to take place on July 6, extending over two days.
The conference will expand subjects as key principles and avenues of Islamic wealth management, …
NEST Corporation has choosen HSBC Life Amanah Pension Fund for its Sharia Fund. NEST is a simple and low-cost UK pension scheme designed to give its members an easy way of building up their retirement pot. It also makes it easy for employers to meet th…
Doha Bank is not going to fire any employees impacted by the Qatar central bank’s ban on conventional banks engaging in Islamic finance.
Raghavan Seetharaman, chief executive , added that excess staff has already been deployed to its conventional opera…
Amana Takaful will launch Sri Lanka’s first Sharia’h compliant unit linked Insurance Plan. . The product is branded “Amana Takaful Prosper” and is the first of its kind. The customer will be able to obtain a Takaful (insurance) cover as well a…
Barwa Bank and National Petroleum Services Group (NPS) made an agreement to refinance an existing syndication and support its expansion and working capital. All this will be worth QR529m.
NPS group provides drilling and well services to customers in th…
It appears that Malaysia is going to choose Maybank Investment Bank Bhd, CIMB Investment Bank Bhd and HSBC Amanah Malaysia Bhd to advise on a global Islamic sovereign bond to raise more than US$1 billion. An anonimous source told that this could start …
