April 22, 2013

Volume of Sukuk issuance for Q1 ''13 USD 34bln, expected to reach USD 275bln by year-end - KFH

Kuwait Finance House (KFH)-Research said that the volume of Sukuk (Islamic bonds) issued by end of the first quarter of 2013 reached USD 34.2 billion, increasing on a quarterly based rate at 21.5pct, after an abundant year that witnessed a 54pct increase in issuance.

Sovereign issuances continue to dominate Sukuk issuance, followed by issuances of corporates,...

April 21, 2013

Successful deployment of iMAL at Maisarah Islamic Banking Services

With the enterprise Islamic banking system from Path Solutions, Maisarah will benefit from a robust platform that will standardize its business processes and provide a technical road map that matches its plan for growth.

Maisarah Islamic Banking Services has joined a growing list of Islamic financial institutions investing in a platform to power their...