Business Blog

The Kyrgyz government has enlisted an international law firm to help it develop regulations for Islamic bonds (sukuk) and insurance (takaful) in the mainly Muslim central Asian country of 5.5 million people.

The Kyrgyz government has enlisted an international law firm to help it develop regulations for Islamic bonds (sukuk) and insurance (takaful) in the mainly Muslim central Asian country of 5.5 million people.

Dubai Islamic Bank's DISB.DU (DIB) net profit for the first quarter doubled, it said on Thursday, as the booming local economy boosted revenue and cut bad debts.

Fund for Development of Youth Projects, also known as Sharakah, plans to support 14 projects in different fields in Oman with an investment of around OMR720,000 this year, according to Abdullah Al Jufaili, the company's general manager.

DUBAI, May 1 (Reuters) - Dubai Islamic Bank DISB.DU (DIB) is in talks with a publicly-listed Islamic bank in Indonesia to take a 40 percent stake, DIB's chief executive said on Thursday. Adnan Chilwan told reporters that DIB hoped to conclude a...

Michel Accad has been appointed chief executive of Kuwait's Al Ahli Bank ABKK.KW , a stock market statement said on Thursday, the latest in a series of senior management changes at Kuwaiti lenders.