ISLAM-IK BANK

Qatari banks' credit quality remains high

Loans and advances of the Qatari banking sector grew by 8.5% year-on-year to reach QR314.4bn as at March 2011.

Egypt sacks former PM Obeid as Arab Int'l Bank head

CAIRO:Egypt’s Cabinet removed former prime minister Atef Obeid Thursday from his post as chairman of Arab International Bank (AIB), a specialized financial institution exempt from Egyptian banking regulations....

Analysis: Islamic banks set to thrive after Qatar ban boost

DUBAI/KUALA LUMPUR (Reuters) - Islamic finance has been given the boost it needed in the Gulf by a Qatari ban on conventional banks offering sharia-compliant services....

Nigeria Developing Regulatory Framework to Become Africa's Hub for Islamic Banking

Nigeria wants to establish itself as the African hub for Islamic banking and is working on a regulatory framework to try to emulate the success of the industry in Malaysia, Central Bank Governor Lamido Sanusi (pictured) said....

Yemen: Tadhamon International Islamic Bank Ratings Affirmed

Yemen - Capital Intelligence (CI)has announced that it has affirmed Yemen-based Tadhamon International Islamic Bank’s (TIIB) Long-Term and Short-Term Foreign Currency ratings at B and B respectively, Global Arab Network reports according to a press statement....

Global Financial Markets Islamic Forum on Sunday

Financiers & Scholars discuss challenges and opportunities of Shariah-compliant banking...

ABC Islamic Bank to boost customer base

ABC Islamic Bank expects to expand its customer base and develop new products this year as customers' appetite for borrowing returns....

Sovereign Leadership Group launches forum for Middle East financial professionals

INTERNATIONAL. Leading international financial industry expert and UCL lecturer, Mr. Peter Leahy launches his new and innovative educational and networking events for senior financial professionals. ...

Negative ratings actions on two Jordanian banks following sovereign downgrade

Standard & Poor's has lowered its long- and short-term counterparty credit ratings on Arab Bank to 'BB+/B' from 'BBB-/A-3', revised the outlook to negative from stable and affirmed its 'BB/B' long- and short-term counterparty credit ratings on Jordan Islamic Bank (JIB) and revised the outlook to negative from stable....

Dubai Exports Islamic Finance to Europe

While the conventional financial system is recovering from the fallout of the international financial crisis Islamic finance on the other hand is growing rapidly. Statistics show that global Islamic banking assets have grown approximately 10% per annum from the mid 1990s when they were about US$150 billion. ...