Business Blog

Jordan Islamic Bank, JOIB.AM , a subsidiary of Bahrain-based Al Baraka Banking Corp BARKA.BH , reported first-quarter net profit of 10.4 million dinars ($14.7 million) on Monday, the same level as the year-ago period.

Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corpl, reported first-quarter net profit of 10.4 million dinars ($14.7 million) on Monday, the same level as the year-ago period.

Jordan Islamic Bank, a subsidiary of Bahrain-based Al Baraka Banking Corpl, reported first-quarter net profit of 10.4 million dinars ($14.7 million) on Monday, the same level as the year-ago period.

April 28 (Reuters) - Pakistan could issue a sovereign Islamic bond after the release of its June budget, a spokesman for the country&aposs finance ministry told Reuters.Final details of a potential deal have not been decided yet and it is unlikely to happen soon, said Nadeem Kayani. It was not clear whether the issue would be in U.S. dollars or local currency."The finance ministry is working for t

Egypt's Al Nouran sugar production facility, a 2.5 billion Egyptian pound (USD 357 million) project, could begin operations in 2016 after securing a sharia-compliant financing package, the project sponsors said on Monday.

Egypt's Al Nouran sugar production facility, a 2.5 billion Egyptian pound (USD 357 million) project, could begin operations in 2016 after securing a sharia-compliant financing package, the project sponsors said on Monday.