Islamic Finance

LANDMARK YEAR   By Anita Hawser   Last year was a landmark year for Islamic finance—innovative new products were launched and new markets opened up that few would have considered likely candidates just a few years ago.   These trends ...

By Anita Hawser   Algeria Banque Al Baraka D’Algérie Saudi-owned, Bahrain-based banking group Al Baraka first ventured into this North African country in the early 1990s. Being the first to offer Islamic banking in the country carries with it a ...

SEEKING STABILITY   By Thomas Clouse, Jonathan Gregson, Antonio Guerrero & Gordon Platt   Global Finance presents its 19th annual awards for the best banks in the developed and emerging markets.   The global financial system is out of the recovery room ...

Global Finance names the World’s Best Islamic Financial Institutions 2012 NEW YORK, April 20, 2012 - Global Finance magazine has announced its fifth annual awards for the World’s Best Islamic Financial Institutions. A full report on the selections will appear ...

When the International Monetary Fund and the World Bank have their annual meeting in Washington DC at the end of September, the atmosphere will most probably be very tense...

Regional Awards Gulf Cooperation Council (GCC) Kuwait Finance House Kuwait Finance House was the first Islamic bank established in Kuwait. It is now a market leader in the GCC and beyond, offering a wide range of shariah-compliant products. KFH has ...

Country Awards Algeria Al Salam Bank-Algeria Al Salam Bank-Algeria was established in October 2008 with capital of $100 million. New rules on Islamic banking in Algeria became effective in January 2011 and are expected to promote the growth of the ...

Overall Awards Best Sukuk Bank CIMB Islamic Malaysia-based CIMB Islamic has been the top sukuk underwriter for each of the past four years. In 2010 it boosted its leading global market share to 23%, largely on the strength of Malaysian ...

ANNUAL SURVEY: ISLAMIC FINANCE   By Gordon Platt   The Islamic finance industry is benefiting from a lack of confidence in the conventional banking sector and is expanding rapidly in emerging markets.   The global financial crisis has forced bankers ...

Global Finance names the World’s Best Islamic Financial Institutions 2011 NEW YORK, April 15, 2011 - Global Finance magazine has announced its fourth annual awards for the World’s Best Islamic Financial Institutions. A full report on the selections will appear ...

ANNUAL SURVEY: WORLD’S BEST BANKS A selection from Global Finance’s best banks awards from the past year.   BEST FOREIGN EXCHANGE PROVIDERS   BEST DERIVATIVES PROVIDERS   BEST SUB-CUSTODIANS BEST SUB-CUSTODIANS (cont.)   BEST ISLAMIC FINANCIAL INSTITUTIONS   BEST TREASURY ...

ISLAMIC FINANCIAL INSTITUTIONS AWARDS 2010   Islamic financial institutions were not immune to the turmoil of the past two years, but their strict ethical code helped them prosper in many areas where others foundered.   By Laurence Neville   The ...

ANNUAL SURVEY / ISLAMIC FINANCE Global Finance selects the winners in a fast-growing area of finance that combines investing according to the tenets of Islamic law with modern financial products and systems.   Islamic finance is a system of ethical ...