Business Blog

Pakistan's Bank Islami to study purchase of KASB Bank

Jan 19 (Reuters) - Bank Islami Pakistan BIPL.KA , the country&aposs second-largest full-fledged Islamic bank, has received regulatory approval to study the acquisition of KASB Bank Limited KASB.KA .Last week, Bank Islami&aposs board of directors approved a plan to raise 3.5 billion rupees ($34.8 million) via subordinated Islamic bonds to fund its expansion strategy. ID:nL6N0UT13ZAn acquisition cou

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UPDATE 2-Qatar Islamic Bank plans $549 mln Tier 1 sukuk

* Latest Gulf bank to plan capital-boosting measure* Q4 profit 470 mln riyals, up 30.4 pct* Beats analyst forecasts* Increases dividend to 4.25 riyals per share for 2014(Recasts, adds detail, context)By Tom ArnoldDUBAI, Jan 18 (Reuters) - Qatar Islamic Bank QISB.QA (QIB) plans to raise up to 2 billion riyals ($549.4 million) through a capital-boosting sukuk; the latest Gulf bank eyeing debt market

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UPDATE 1-Qatar Islamic Bank Q4 net profit up 30.4 pct, raises dividend

* Q4 profit 470 mln riyals, up 30.4 pct - Reuters calculations* Beats analyst forecasts* Hikes dividend to 4.25 riyals/share for 2014 (2013 = 4 riyals)(Adds context, details)DUBAI, Jan 18 (Reuters) - Qatar Islamic Bank QISB.QA (QIB), the Gulf state&aposs largest sharia-compliant lender by assets, reported a 30.4 percent jump in fourth-quarter net profit on Sunday, according to Reuters calculations

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Qatar Islamic Bank Q4 net profit up 30.4 pct, raises dividend

Qatar Islamic Bank, the Gulf state's largest sharia-compliant lender by assets, reported a 30.4% jump in fourth-quarter net profit, according to Reuters calculations, beating analyst forecasts.

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Alizz Islamic Bank posts OMR5.5m net loss for 2014

Muscat - Alizz islamic bank reported a net loss of RO5.5mn for the year ended December 31, 2014. The bank had reported a net loss of RO3.23mn for period from November 2, 2012 to December 31, 2013.
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Alizz Islamic Bank posts OMR5.5m net loss for 2014

Muscat - Alizz islamic bank reported a net loss of RO5.5mn for the year ended December 31, 2014. The bank had reported a net loss of RO3.23mn for period from November 2, 2012 to December 31, 2013.

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