A new investment bank has been officially launched in the UAE by Hong Kong headquartered parent group, United Financial Partners (UFP). The new investment bank, named United Investment Bank (UIB), has been established to offer a range of customised
Sharjah Islamic Bank (SIB) has closed its second sukuk worth $400m, Khaleej Times has reported. The Islamic bond, due in 2016, was closed at a pricing of five-year US dollar mid-swap + 2.70% translating into an annual profit rate of 4.715%.
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HSBC Holdings has announced its Islamic banking unit HSBC Amanah in Qatar is to be shut down by the end of the year, Gulf Times has reported. The move follows a circular from the Qatar central bank ordering non-Islamic banks to close their Shariah
The Dubai Government, acting under directions from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, Ruler of Dubai, announced that it has taken over Dubai Bank with immediate effect.
Banque Nationale d'Algérie ( BNA ). Banque Extérieure d'Algérie ( BEA ). Banque de l'Agriculture et du Développement Rural ( BADR ). Banque de Développement Local ( BDL ). Crédit Populaire d'Algérie ( CPA ). Caisse Nationale d'Épargne et de Prévoyance ( CNEP ). Caisse Nationale de Mutualité Agricole ( CNMA ) . Algérie Poste ( La poste ).
