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Kuwait Finance House to take three years to fully convert AUB to become Islamic bank

21 Jan 2020
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KFH shareholders on Monday approved the acquisition of Bahrain’s Ahli United Bank.
Islamic Finance
Kuwait Finance House shareholders approve acquisition of Bahrain’s Ahli United Bank
21 Jan 2020
News
Islamic Finance
Investments into key Islamic economies Indonesia, Saudi Arabia rise in 2019 as global FDI dips
21 Jan 2020
News
Islamic Finance
National Bank of Bahrain set to own 78.8% of Bahrain Islamic, both banks to operate independently
20 Jan 2020
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Islamic Finance
UAE releases first set of guiding principles on sustainable finance that ‘take into consideration Shariah law’
16 Jan 2020
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Islamic Finance
Private equity funds raised in key Islamic economies drop 5.7% in 2019 - study
16 Jan 2020
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Islamic Finance
UK invites banks to tender for sukuk syndication services
The banks will work as joint lead managers alongside HSBC that was appointed in November.
21 Jan 2020
News
Islamic Finance
Kuwait Finance House to take three years to fully convert AUB to become Islamic bank
KFH shareholders on Monday approved the acquisition of Bahrain’s Ahli United Bank.
21 Jan 2020
News
Islamic Finance
Kuwait Finance House shareholders approve acquisition of Bahrain’s Ahli United Bank
KFH said the ordinary general assembly approved the bank’s Sharia Supervisory Board’s report on the acquisition of AUB and to convert it to become Shariah-compliant.
21 Jan 2020
News
Islamic Finance
Investments into key Islamic economies Indonesia, Saudi Arabia rise in 2019 as global FDI dips
FDI globally declined 1% to $1.39 trillion in 2019 .
21 Jan 2020
News
Islamic Finance
National Bank of Bahrain set to own 78.8% of Bahrain Islamic, both banks to operate independently
NBB previously owned 29.06% of Bahrain Islamic Bank.
20 Jan 2020
News
Islamic Finance
UAE's Shariah-compliant Al Hilal Bank selling takaful business

UAE's Al Hilal Bank has agreed to sell its takaful business to Siraj Holding LLC, the company said in a statement on Thursday (Jan 16).

The transaction is expected to be completed in the first quarter of this year, subject to regulatory approval.

The bank said it decided to offload Al Hilal Takaful to focus on its retail banking services, primarily through digital channels, and to divest non-core busineses. 

Al Hilal Bank is a wholly-owned subsidiary of Abu Dhabi Commercial Bank.

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank merged in May 2019, with Al Hilal operating as a separate Islamic entity within the merged bank.

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17 Jan 2020
News
Islamic Finance
Oman’s Alizz Islamic Bank board greenlights merger with Oman Arab Bank
Alizz said its board approved the offer of a swap ratio that will give OAB 81% control of the merged entity.
17 Jan 2020
News
Islamic Finance
UAE releases first set of guiding principles on sustainable finance that ‘take into consideration Shariah law’
The guidelines are based on the United Nations Agenda for Sustainable Development.
16 Jan 2020
News
Islamic Finance
GFH to issue 5-year sukuk of up to $500 mln
GFH said the sukuk could be issued in one or more tranches.
16 Jan 2020
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