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01 Apr, 2023
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Tag: Islamic bank

Morocco Gives Green Light for five Islamic Banks

January 4, 2017January 4, 2017 Peter Mulvany

Morocco’s central bank, Bank Al Maghrib, gave its approval to five Islamic banks to start operating in Morocco and allowed three French banks to sell Islamic products. The central bank added in a statement that it has set up a Read more

Finance, HeadlinesAttijariwafa Bank, Bank Al-Maghrib, Banque Centrale Populaire, BMCE, Credit Agricole, Credit Immobilier et Hotelier, Islamic bank, Morocco, Sharia

Oman: Islamic banking sector to be around 15-17% by 2020, Bank Nizwa CEO

August 31, 2015August 31, 2015 Jaber Ali

Oman’s banking sector is expected to register a significant growth in the Islamic banking sector by 2020 according to the chief executive officer of Bank Nizwa Dr Jamil El Jaroudi. Islamic banks have registered important growths against conventional banks in Read more

Finance, HeadlinesBank Nizwa CEO, Islamic bank, Oman, UAE, United Arab Emirates

Oman: ODB relinquishes Islamic bank for Islamic window

August 23, 2013August 23, 2013 Jaber Ali

State owned Oman Development Bank (ODB) could be opening an Islamic window rather than becoming an Islamic bank, according to the Assistant General Manager for branches of the bank, Hamed bin Salim Al Harthy. Oman has been the slowest country Read more

Finance, HeadlinesAl Izz Islamic Bank, Bank Nizwa, Hamed bin Salim Al Harthy, Islamic bank, ODB, Oman

Oman’s law worries Islamic banks

November 2, 2012November 2, 2012 Peter Mulvany

Banks in Oman fear that the restriction on the money market instruments to be introduced in preparations for the introduction of Islamic finance by the end of the year might affect fund and profit management. The draft of the rules Read more

Finance, HeadlinesIFAAS, Islamic bank, Murabaha, Oman, Sharia, Sohar, Tawarruq, wakala

UAE: the Islamic bank ADIB’s sale

October 31, 2012 Jaber Ali

Abu Dhabi Islamic Bank (ADIB) is considering a sale to boost its core capital ratios ahead of an investors meeting on Wednesday. It’s the largest sharia-compliant lender by market value in Abu Dhabi and rarely issue sukuks. A source at Read more

Finance, HeadlinesAbu Dhabi, ADIB, HSBC, Islamic bank, Morgan Stanley, Saudi Hollandi Bank, Standard Chartered, UAE

Bahrain: becoming a premier Islamic retail bank

October 3, 2012October 3, 2012 Peter Mulvany

Merging talks are at an advanced stage between Ithmaar Bank, Bahrain’s sixth-largest bank by market capitalization, and First Leasing Bank, the Islamic lender. The proposed merger has already been given the nod by both banks but their shareholders will have Read more

Finance, HeadlinesBahrain, Bucheerei, CBB, Central Bank of Bahrain, Islamic bank, Ithmaar

Bahrain: Proposal of a three-way merger to shareholders

June 12, 2012June 12, 2012 Peter Mulvany

Three Islamic Banks in the Kingdom of Bahrain will be deciding on whether to give a green light in what will become the first merger in shareholder meetings to be held by the end of the month. A positive response Read more

Finance, HeadlinesCapital Management House, Capivest, Elaf Bank, Islamic bank, Kuwait Finance House

Kuwait: New rules for loans

May 9, 2012May 9, 2012 Peter Mulvany

In their aspirations to be competitive in the much heated financial and banking sector that the world is witnessing alongside the economic crisis, Kuwait, through the Governor of the Central Bank, has announced new rules concerning loans offered by banks Read more

Finance, Headlinesbanking, bond, deposit, funding, Islamic bank, Kuwait, loan

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