Islamic Finance
Study shows Islamic banks perform best during economic crisis
Islamic banking practice performed better and showed greater resilience during the recent economic crisis than conventional banking practice, according to new research released today by The British University in Dubai (BUiD), the Middle East's leading research-based postgraduate university.
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HSBC Amanah opens its first dedicated Islamic banking branch in Qatar
HSBC Amanah opened its first branch dedicated to Shariah compliant products and services in Qatar. To mark the occasion, HSBC Group Chief Executive Officer, Michael Geoghegan, and Governor of the Qatar Central Bank, H.E. Sheikh Abdullah bin Saoud Al Thani performed the opening ceremony today at the branch based at Salwa Road in Doha.
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Noor sees strong growth in consumer banking
Noor Islamic Bank, the new generation Sharia compliant bank sees big growth opportunities in the consumer banking business in the UAE this year, John Chang, Head of Consumer Banking, told Gulf News.
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Takaful signs key deal
Takaful International Company has signed a co-operation agreement with Paramount Health, which includes more than 3,000 hospitals in India for takaful network of healthcare providers outside Bahrain.
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QNB launches new Shariah-compliant credit card
QNB’s Islamic banking division has launched QNB Al Islami Qatar Airways Titanium MasterCard, the first such card that complies with Shariah banking principles.
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Bank Negara Aims For Greater Harmonisation in Islamic Finance
Bank Negara Malaysia is committed to undertake research to develop Syariah parameter references in its effort to achieve convergence and harmonisation of Islamic financial practices.
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Shariah Loans Reach Five-Year Low on Property: Islamic Finance
Shariah-compliant loans slumped to a five-year low in Europe, the Middle East and Africa in the first half on credit-ratings downgrades and falling property prices.
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Maybank Islamic Expects Strong Growth in Deposits, Financing
Maybank Islamic Bhd expects strong growth of between 20 and 30 per cent for both deposits and financing for financial year ending June 30, 2011 in line with an improved economic environment.
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Takaful growing 35pc faster than conventional insurance worldwide
Takaful is growing 35 percent faster than conventional insurance worldwide with over 133 Takaful operators and $4.3 billion market size, which is expected to surge by $8 billion by 2012, senior officials said.
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Indonesia’s Islamic banking to spur growth
Islamic banking in Indonesia is poised to be the next catalyst of growth for the banking industry and holds great opportunities for foreign investors as the country has the world’s largest Muslim population.
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