Business Blog

The Pakistani unit of Bahrain's Al Baraka Banking Group has raised 2 billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, a bank official said.

The Pakistani unit of Bahrain's Al Baraka Banking Group has raised 2 billion rupees ($19.5 million) via the country's first issuance of subordinated sukuk, a bank official said.

The world's animal population has halved in 40 years as humans put unsustainable demands on Earth, a new report warns. The WWF says the dramatic decline in wildlife will cost the planet billions.

National Bank of Fujairah said on Wednesday it has begun offering sharia-compliant retail banking products in the United Arab Emirates, as the lender aims to tap into rising demand for Islamic finance.

National Bank of Fujairah said on Wednesday it has begun offering sharia-compliant retail banking products in the United Arab Emirates, as the lender aims to tap into rising demand for Islamic finance.

Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK's only wholly Sharia compliant retail bank, today announced the launch of its new Home Purchase Plan (HPP). The home finance product is the first in the UK to be backed by the Government's new Help to Buy: HPP guarantee scheme. Commenting on the launch, Sultan Choudhury, Chief Executive Officer, IBB said, "Having worked directly