ALKHABEER Capital asset management and investment firm providing world-class Shariah-compliant investment services, posted 18 percent growth in group's revenues to SR64.6 million in 2011 against SR54.8 million in the preceding year. Net profits (...)
JEDDAH: Jadwa Investment has been named "Overall Best Islamic Investment Bank" for 2011 by Global Finance Magazine. The announcement was made at Global Finance's fourth annual awards for the World's Best Islamic Financial Institutions.
The awards (...)
The MENA Investors Summit 2009 kicks off today (Sunday) at the Four Seasons Hotel in Riyadh.
The summit is considered as the first ever investor focused, deal flow initiative in the MENA region and will host 28 companies which will be allowed to (...)
based Alinma Bank has launched an infinite debit card, branded as “Alinma Infinite” from Visa, a global retail electronic payments network, in Saudi Arabia. However, this card is offered by invitation only.
The bank states that the Alinma Infinite (...)
The Islamic Economics Research Center in collaboration with Economics and Management Faculty organized a seminar under the theme “asset management from Islamic perspective during the Global Financial Crisis.” It was under the patronage of Osama Bin (...)
The financial crisis presents an opportunity for Islamic banks based in some of the Gulf States according to a new report from the London School of Economics and Political Science (LSE) released Thursday.
The report entitled “The development of (...)
Bank Al-Jazira (BAJ) has recorded a new achievement by obtaining the “ISO 9001” International Certificate of Quality in the areas of Trade Operations services and ATM services as the first fully Shariah-compliant bank in Saudi Arabia.
Ziad Aba (...)
The value of Islamic bonds (Sukuk) issued in the first quarter slumped by almost half to $2.3 billion from a year earlier, with the number of bond issues shrinking to 14 from 30 amid global credit crunch, data compiled by Zawya.com. said.
“We've (...)