In light of the ongoing global financial climate, most world markets and sectors continue to be adversely impacted, including the Islamic Finance sector, which is currently facing regulatory and practice-related reforms. A report recently published by the Deloitte Middle East [...]
The regional leading emerging market economic forum AIM 2012, will take place in Dubai between 1-3 May at the Dubai International Convention and Exhibition Centre with 4000 participants from 45 countries. The list of countries includes 15 African countries, 11 [...]
Takaful Re, one of the leading Re-Takaful providers in the region, announced the finalization of its 4th Family Takaful Workshop. The workshop, which took place at Millennium Plaza Hotel, Dubai, tackled various topics including the Malaysian Experience in Family Takaful; [...]
Bahrain-based Ahli United Bank (AUB) reported a net profit, attributable to its equity shareholders, of $82.4 million for the quarter ended 31 March 2012, a 6.6% increase over the same period in 2011 (Q1/2011: $77.3 million). The resultant Earnings per [...]
Bahrain-based Arab Banking Corporation (ABC) reported consolidated group net profit, for the first quarter of 2012, of $54 million, 13% higher than the first quarter of last year. Operating revenues rose to $214 million, 9% growth over the first quarter [...]
GIB Capital, acting as joint lead manager and joint book runner with Riyad Capital, has successfully closed Ajil Financial Services Company’s privately placed SR500 million Sukuk, issued via Ajil Cayman – a limited liability special-purpose company incorporated in the Cayman [...]
Saudi Arabian banks have plenty of scope to fund loan growth in 2012 as the sector relaxes the cautious approach to lending that has dominated in the last few years, according to Fitch Ratings Rising deposits and several years of [...]
