Temenos revealed that United Installment Sales Co. Ltd. (UIS) and Lexus & Daihatsu in Saudi Arabia, has signed an agreement to utilise Temenos’ market leading core banking solution, T24, for its Islamic Real Estate Financing & Vehicle Leasing…
Despite the fact that islamic banks have outperformed their conventional peers in most markets, a closer look presents the market dynamics are changing, revealing a new trend.
Two key indicators are cause for reflection: slowing growth rates and erodin…
The Shariah board of ‘Meethaq’ Islamic banking gave the approval for RO 150 million capital assigned by BankMuscat for its Islamic banking window operations awaiting regulatory approval. The board from Shariah perspective authorized the authenticit…
According to A.T. Kearney, the modifying market dynamics are showing a new trend, with two key indicators giving cause for reflection: slowing growth rates and eroding profitability.
Descending growth rates are coming up in key geographies including KS…
The export credit and investment insurance arm of the Islamic Development Bank (IDB) has secured more than $3bn (Dhs11.02bn) of business deals in 2011. The value of deals insured bounced 63% from 2010.
The flow was ascribed to the launch by ICIEC of ne…
The Ordinary and Extra-ordinary General Meetings of Al Baraka Banking Group took place on Wednesday 21st March 2012 in Manama, the capital of Bahrain. Discussions included: the report submitted by the Board of Directors on the Group’s activities during…
Bank of London and The Middle East plc (BLME) signed a £14 million leasing deal with Global Marine Systems Ltd.
According to the agreement, BLME will support Global Marine in the acquisition and refit of an offshore power cable installation barge. The…
Dr Jamil el Jaroudi was named chief executive officer at Bank Nizwa.
Ahmed Saif al Rawahi, chairman of the Bank Nizwa Founding Committee, announced with pleasure this appointment, adding that Dr Jamil el Jaroudi brings many years of commercial experien…
Al Hilal Islamic Bank and Kazpost JSC signed a general agreement on investment worth 1.5 billion tenge.
It seems that Al Hilal Bank wants to invest 1.5 billion tenge in Kazpost. This is the first contract of this kind in Kazakhstan.
The Islamic Development Bank (IDB) revealed some plans to invest $98 million for the implementation of bilingual education in Nigeria.
The funds will be used in supplying support for the integration of Quranic schools into western education. The bank
