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United Bank: 70% Of Transactions Are Compliant With Islamic Sharia Law
The United Bank of Egypt has succeeded in the last period to expand in Islamic banking as 70% of its transactions…
IDB: Electronic Banking Reduces 50% Of Financing Costs
Sami Swailem, deputy director at the Islamic Research and Training Institute of the Islamic Development Bank, said…
Agricultural Credit Bank: 43% Of Customers Demand Islamic Banking Products
The Principal Bank for Development and Agricultural Credit has conducted a survey to know the customers’ needs in…
Global Islamic Banking Transactions Reach US$1.2 Trillion
Mohamed El-Beltagy, head of the Egyptian Islamic Finance Association, said Islamic banking has flourished and…
NBE Nears Deal With Arco Steel Over Settling EGP1.6 Bln Debt
The National Bank of Egypt (NBE) is close to a debt settlement deal with the Arab Company for Special Steel (Arco…
Sukuk Demand May Jump 300%
The global demand for Islamic bond, known as sukuk, is expected to jump 300 per cent to $900 billion by 2017,…
IDB Sells Maariv For NIS 85 Million
The Maariv company informed the Tel Aviv Stock Exchange on Friday that the daily newspaper, owned by businessman…
Oman Housing Bank Approves 302 New Housing Loans Worth RO13m
Oman Housing Bank SAOC (OHB) approved 302 new loans worth RO13,000,000 from August 14 to September 5, in a response…
Bank Muscat Hosts Workshop On ATM Fraud Prevention
bank muscat, the leading financial services provider in the Sultanate, organised a workshop on ATM fraud prevention…
U.A.E. Nuclear Program Gets $2 Billion Loan From U.S. Exim Bank
Emirates Nuclear Energy Corp., the state-owned company developing an atomic power plant in the United Arab…