Bank Nizwa, Oman's first full-fledged Islamic bank, has received an investment banking licence that will allow it to manage funds and issue instruments such as Islamic bonds. The bank launched operations in January and is gradually rolling out a range …
<p>Barwa Bank has signed a cooperation agreement with Qatar Charity to provide QR500,000 for its Ramadan projects in the country. The deal was signed by Steve Troop, Chief Executive Officer of Barwa Bank, and Yousef Al Kuwari, Qatar Charity Executive Chairman, at the charity headquarters. Troop said that Barwa Bank aims to support projects which provide assistance to the needy in the Qatari community in various ways, including forging partnerships with charities such as Qatar Charity. One of Qatar Charity’s projects is Al Baraha which has been extended from 10 days to one month. Around 24,000 people will benefit from the QR950,000 project during the holy month.</p>
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<p><a href="http://thepeninsulaqatar.com/qatar/245728-barwa-bank-backs-charity-project.html" title="http://thepeninsulaqatar.com/qatar/245728-barwa-bank-backs-charity-project.html">http://thepeninsulaqatar.com/qatar/245728-barwa-bank-backs-charity-proje…</a></p>
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Saudi developer Dar Al Arkan has lowered price guidance on its planned Islamic bond issue. The company, which is planning to raise at least $300 million from a five-year Islamic bond, revised its guidance lower to around 6 percent from initial yield gu…
Bassel Gamal was appointed as the Chief Executive Officer of Qatar Islamic Bank (QIB). Mr. Gamal is well grounded in banking and finance, and has had experience in several institutions and positions. He will assume his office next month.
Source:…
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