Home Islamic Finance News Article Feb 09 2016 more articles from KUALA LUMPUR, 9th February, (WAM) -- The prospects for Islamic finance remains strong given the growing interest towards Shariah-compliant investment asset class, despite the inevitable correlation between oil price and Islamic wealth. Bahrain Central Bank Governor Rasheed Al Maraj said while were some headwinds recently, the long-term growth picture within its strongest markets Read more [...]

New Information The Observatory for the Protection of Human Rights Defenders, a joint programme of the International Federation for Human Rights (FIDH) and the World Organisation Against Torture (OMCT), has received new information and requests your urgent intervention in the following situation in Bahrain.  New information: The Observatory has been informed by reliable sources about the acquittal of Mr. Mohammed Al-Maskati, former President of the Bahrain Youth Society for Human Read more [...]

Commenting on the move, Mr. Al Shelash said, “Bank Alkhair has a strong commitment to Bahrain and our strategic objective is to bolster our business by continually building exceptional value for our stakeholders and contributing to economic growth. The new offices represent one of a range of recent significant developments for the Bank, which includes our new senior management team. We selected Harbour Towers at Bahrain Financial Harbour as our new home since it has similar values to our own in Read more [...]

<!----> Bahrain’s sovereign wealth fund Mumtalakat has pumped $250 million into Russia’s fund for direct investments, a Russian official has reportedly revealed. The Russian Direct Investment Fund (RDIF) is a $10 billion fund established by the Russian government to make equity investments primarily in the Russian economy. According to Gulf Daily News, Russian foreign minister Sergey Lavrov told reporters on Monday that Mumtalakat has invested a total of $250 million into the RDIF and Read more [...]

Manama, Feb 9 (BNA): Health Ministry has confirmed that it has been in constant contact with the World Health Organization (WHO) to learn about the latest updates and guidance on the Zika virus disease, stressing it has developed an early detection plan of the disease at border exits. Health Ministry explained that the Zika virus is a disease that spread to people through mosquito bites, a type of mosquito Read more [...]

The profit was achieved on reported gross revenues of $77 million, a rise of 3.3% on the previous year. Its operating profit was $13.7 million, up 14.3% on 2014.Basic earnings per share rose to 20 US cents, a marginal rise on the 19 US cents reported in 2014. At December year end, its shareholder equity stood at $128 million, an increase of 7.8% compared to $118.7 million in 2014, while its total assets stood at $144.7 million, which it says reflects "the ever increasing performance and strength Read more [...]