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Islamic banking boosts MBSB profit

PETALING JAYA: Malaysia Building Society Bhd (MBSB) posted a 76% rise in second-quarter net profit to RM165.2mil from RM93.7mil a year earlier on an increase in net income from Islamic banking operations.
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Malaysia's BIMB to pay $884 mln for full control of Bank Islam

Aug 1 (Reuters) - Malaysia's BIMB Holdings Bhd will pay $884 million to gain full control of Bank Islam, the country's oldest and largest standalone Islamic bank, in a deal that will help it expand in a rapidly growing sector....
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Oman's Bank Nizwa obtains investment banking licence

(Reuters) - 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 lender said in a bourse filing on Thursday....
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Hamdan launches Dubai Islamic Banking and Finance Centre

Initiative part of efforts to make Dubai the world's capital of Islamic economy...
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Understanding Islamic finance

Islamic finance is founded on Shariah principles which express an explicit intention to meet the financial needs of participants with integrity and in a manner that is just, fair, trustworthy and honest, while ensuring a more equitable wealth distribution....
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Top award for International Islamic

International Islamic has received the award for the “Best Islamic Bank in Qatar” in the area of sukuk instruments at the “London 2013 Sukuk Summit.” ...
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IBI: SBP develops five-year strategic plan

State Bank of Pakistan (SBP) has chalked out a five-year action plan for Islamic Banking Industry (IBI) asking it to increase its market share upto 15 percent of overall banking industry by 2017. ...
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9th World Islamic Funds and Financial Markets Conference (WIFFMC 2013) Opens

Manama-May-27(BNA) The 9th Annual World Islamic Funds and Financial Markets Conference (WIFFMC 2013) witnessed a high-profile opening today at the Gulf Hotel in the Kingdom of Bahrain....
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Egypt's Mursi sends Islamic bond law to clerics - TV

(Reuters) - Egyptian President Mohamed Mursi referred a law allowing the state to issue Islamic bonds to a panel of top Muslim scholars on Sunday, state media said, a step that could complicate the government's plans to pass the legislation....
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Difference between Islamic and conventional banking

Times of Oman is offering an opportunity for our readers to ask questions on Islamic banking to Khalid Yousaf, an expert in Islamic banking and Director (Islamic Finance Advisory Services) of KPMG in Oman. ...
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