Warba Profits Rise

Warba Bank reported a net profit growth of 633% to reach KD 315,000 for the first half of 2015 compared to KD 43,000 for the first six months of 2014. Total income grew by 37% to reach KD 11.17 million.…

Oman’s Robust Sukuk Growth

Oman’s Islamic banks and window operations have also shown a robust growth of 105.48 per cent in financing at OMR1,324.1 million for the first five months of 2015, from merely OMR644.4 million in the same period last year. There have…

Musharakah Transaction from Meezan

Meezan Bank, Pakistan’s leading Islamic bank, executed the largest Musharakah transaction ever in the history of Islamic Banking in Pakistan amounting to Rs. 9.5 Billion with Punjab Food Department (Government of Punjab). The purpose of the transaction was to help…

Alizz Implementing Video Technology

alizz islamic bank has become the first bank in the Sultanate to introduce NCR Interactive Teller, from NCR Corporation, the global leader in consumer transaction technologies. Built on sleek, modern hardware with an interactive touchscreen, this new software-based technology allows…

Barwa Bank Large Charities

In a ceremony held at its headquarters, Barwa Bank donated QAR 100,000 to Qatar Charity and the Eid Charity Foundation. Under the theme “Play for Good”, this year’s edition was held at the Al Wakra Sports Club. Registration fees were…