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07.02.2017

GCC VAT a test for Islamic Finance- Fitch


30.01.2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets


31.03.2016

Path Solutions joins CIBAFI, the world renown General Council for Islamic Banks and Financial Institutions


28.03.2016

"Kazakhstan Islamic Finance 2016: a new frontier for Islamic finance" country report


19.02.2016

Azerbaijan looks to new Islamic bank as sector rules progress


15.01.2016

Linar Yakupov received an award for his contribution to the development of Islamic finance industry in Russia


14.12.2015

The 2nd International winter school of Islamic law and economics has started in Kazan


09.12.2015

Russian financial experts are exploring options to launch Islamic Banking


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22.06.2016

Islamic banking will be most relevant to SME sector: Zafar Sareshwala

Interview with director and head of Islamic Corporation for Development's (ICD) India operations.

25.11.2015

Islamic Develop Bank calls for new Islamic microfinance structures

As the Shariah-compliant Islamic finance sector booms in the GCC region, the President of the Islamic Development Bank (IDB) Group, Dr. Ahmad Mohamed Ali, asked experts in the field to develop new Islamic microfinance structures.

14.09.2015

Dubai Silicon Oasis Authority and Thomson Reuters Reveal Key Findings of Digital Islamic Economy Report 2015

Dubai Silicon Oasis Authority (DSOA) and Thomson Reuters, with support from the Dubai Islamic Economy Development Centre (DIEDC) released the 'Digital Islamic Economy Report' for 2015, in collaboration with DinarStandard.

Global Finance names NBK one of the World's 50 Safest Banks 2010

01.09.2010

National Bank of Kuwait (NBK) has been named, for the third consecutive time, one of the world's safest banks in 2010 by the leading US-based Global Finance. NBK, which has been ranked 38 in the list, is the first and only Middle East and Arab bank to be enlisted among the safest world's safest banks.
Global Finance names NBK one of the World's 50 Safest Banks 2010
National Bank of Kuwait (NBK) has been named, for the third consecutive time, one of the world's safest banks in 2010 by the leading US-based Global Finance. NBK, which has been ranked 38 in the list, is the first and only Middle East and Arab bank to be enlisted among the safest world's safest banks. NBK has maintained its last year's position, surpassing major international banks such as Deutsche Bank, JPMorgan Chase, Lloyds Banking Group, Societe General and Wells Fargo. Introducing the world's safest banks list, Global Finance said: "Bank stability and safety are still high on corporate and investor agendas. The sovereign debt crisis in Europe and renewed concerns about the global economic outlook are once again putting the spotlight on bank safety. Banks that cleaned up their balance sheets and strengthened their capital positions were the biggest gainers. Many of the big name banks that lost their safest bank ranking during the credit crunch are still absent from the list".Global Finance indicated that NBK was among the few banks that succeeded in achieving growth in both profits and shareholders equity, in addition to retaining the highest long-term credit ratings amongst all banks in emerging markets despite the adverse conditions prevailing in Kuwait and the Middle East region. Thanks to its conservative approach to risk management, NBK also succeeded in enhancing both the solidness of capital base and the quality of its assets. Consequently, this enabled NBK to retain the customers' confidence and become the first and only Arab bank that maintains an advanced ranking amongst the top-50 safest banks of the world.

Sources: www.opalesque.com and www.tradingmarkets.com

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Malaysia's fast-growing Islamic finance sector benefits not only the Muslim world but also non-Muslim countries, said former Prime Minister Tun Abdullah Ahmad Badawi.

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