The National Bank of Abu Dhabi (NBAD) has launched its Sukuk Income Fund, a unique product investing in Sharia’h-compliant investment instruments that provides investors attractive returns with low levels of risk.
The NBAD Sukuk Income Fund represents …
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…
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…
Family businesses are estimated in the Middle East at around 90% of all companies in the region controlled by families. Furthermore, its importance was underlined with the launch of the Family Business Network GCC, the first of its kind in the area.
Th…
Despite the fact that they have been around for many years, they are only now being noticed because of a variety of factors.
The difference between then and now is that there are more Muslims in the financial sector and non-Muslim colleagues know more …
Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has disclosed that the government cut off Dubai-based mortgage provider Amlak Finance’s debt by Dh4 billion.
The debt was reduced through delaying debt as well as through the sale of company’s la…
The Islamic Bank has lost aproximatly 48 billion dollars only last year.
According to a report published by Saudi Al-Eqtisadiah (The Economy) newspaper, revealing AUE banks to such scrutiny and interrogations represented a distortion to the image of th…
Paul Trowbridge, the chief executive of United Arab Bank (UAB), notes that eccentricity is a virtue, pulling out the lender’s newest Islamic credit card, printed vertically more than horizontally. He added that the bank has to work hard in order to get…
It seems that Dubai’s Noor Islamic Bank is the only institution in the United Arab Emirates that has been targeted by the US for dealings with Iran. Moreover, it appears that the bank had been a primary conduit for returning foreign-currency oil rece…
Dubai Islamic bank with ties to the emirate’s ruling family stopped doing business with Iranian banks in December, shortly before the United States approved new sanctions targeting the country’s financial system.
The decision by Noor Islamic Bank c…
