Top Islamic Finance News

Sponsored by

KFH seals $125 millions private placement for financing Malaysian project

Kuwait Finance House (KFH) announced sealing a private placement via Al-Nebras 2 fund, which caters to VIP clients, to finance Alexander City project in Jahour province in Malaysia. Press Release - 06Jul 13:12GMT
Amlak Finance Half Year Net Profit up by 155 %

Amlak's half year net profit rose to AED 269 million, an increase of 155% compared to AED 106 million in the half year of 2007. Press Release - 06Jul 11:19GMT
Bahrain's Al Salam Bk H1 net profits up 9% at $40.5 million

(Arabic) Al Salam Bank H1 operating income boosted up 12% to reach $56.6 million. Al-Arabiya - 06Jul 10:16GMT
Shuaa Partners fund sees $165m investment

Shuaa Partners, the private equity arm of Shuaa Capital, said it has attracted $165 million for its $200-million hospitality fund. The fund had the first closing on June 30. Gulf News - 06Jul 05:56GMT
Bahrain's Al Salam Bank posts BD15.3m profit in H1

Bahrain-based Al Salam Bank Bahrain, one of the rapidly growing Islamic banks in the region, yesterday announced a half-yearly net profit of BD15.3 million ($40.5 million) for the period ended June 30, 2008. Bahrain Tribune - 06Jul 05:51GMT
HSBC Amanah gets new regional head

HSBC Amanah, the global Islamic financial services arm of the HSBC Group, yesterday announced the appointment of Khaled Rasheed as regional head of HSBC Amanah, Middle East & North Africa, with immediate effect. The Peninsula - 05Jul 03:47GMT
SABIC prefers Islamic finance for fundings

For a corporate whose global footprint spans the US, Brazil, Argentina, the UK, Europe, the Middle East, South Africa, India, Malaysia, Singapore, Indonesia, the Philippines, China, Japan and Australia, the Saudi Basic Industries Corporation (SABIC) is perhaps, surprisingly to some, a major proponent of the use of Islamic finance in its financing mix. Arab News - 03Jul 05:38GMT
Dubai Islamic Bank opens new branch in Dubai Marina

Dubai Islamic Bank (DIB) announced today the opening of a new full-service retail branch in Dubai, increasing its total UAE-wide branch network to 49. Press Release - 02Jul 07:08GMT
France not yet capitalising on Islamic finance, says Moody's

The French market has the strong potential to become a thriving market for Islamic finance but it has yet to capitalise on this opportunity, according to Moody's Investors Service in a new 'Special Comment'. The Peninsula - 02Jul 04:20GMT
Dubai Financial seeks Dh1.5bn loan

Dubai Financial Group, part of Dubai Group - the global financial conglomerate of Dubai Holding - is seeking Dh1.5 billion through an Islamic loan for general corporate purposes, two bankers familiar with the transaction said. Emirates Business 24/7 - 30Jun 05:53GMT

» More Top Islamic Finance News

» All Islamic Finance News | All Analysis

Community Buzz

Stories in Islamic Finance

Companies in Islamic Finance

Projects

Blogs

Dow Jones Index

Global Index

» Charting

03Jul08

» Charting

20May08

Sukuk in GCC
From being the flavor of the month, sukuk have quickly been elevated to become a viable long-term funding instrument for many of the Gulf's corporations.

Sukuk Mkt At $10.9B
The global Islamic bond primary market which dropped to $10.9 billion in the first half of 2008 may recover in the fourth quarter to exceed last year's figures.

New Dimension
Islamic capital market faces major challenges due to the lack of Shariah-compliant capital and money market instruments.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Al Rajhi Bank	Saudi Arabia	34,199
2	Kuwait Finance House	Kuwait	21,757
3	Qatar Islamic Bank	Qatar	8,708
4	Dubai Islamic Bank	UAE	7,683
5	Alinma Bank	Saudi Arabia	7,000
» View Full List