Islamic Finance News Portal – Bringing you the latest updates in global Shariah finance

Watch out for news alert!

Posts Tagged ‘Bahrain

Bahrain Islamic Bank is named best in region

with one comment

Points of Essence:

  • Bahrain Islamic Bank won an award for the best Islamic institutional finance bank in the Gulf region from World Finance magazine. The award is for the bank’s overall performance and excellent reputation among its peers. The Gulf Daily News has the report.

MANAMA: Bahrain Islamic Bank (BisB) has been named the “Best Islamic Institutional Finance Bank in the Gulf region”, by World Finance magazine.

Read the rest of this entry »

Written by Suapi Shaffaii

February 5, 2009 at 10:23 am

CBB to host workshops on financial standards

leave a comment »

Points of Essence:

  • Bahrain will host workshop on Islamic finance related standards issued by the Islamic Financial Services Board. Aimed at facilitating better implementation of the standards, the workshops will cover the issues of supervisory review process, risk management and corporate governance.  Gulf Daily has the report.

MANAMA: The Central Bank of Bahrain is hosting the Islamic Financial Services Board – Facilitating the Implementation of Standards (IFSB-FIS) workshops.

Read the rest of this entry »

Written by Suapi Shaffaii

February 3, 2009 at 11:43 am

Islamic bank launched in Bahrain

leave a comment »

Points of Essence:

  • Bahrain has recently welcome the newly launched Capinnova Investment Bank, the Shariah compliant investment arm of BBK. Focusing to serve the GCC and MENA markets, the bank which core areas of business include private equity, asset management and corporate finance, will provide Shariah compliant investment products and services. This will strengthen Bahrain’s position as one of the main global drivers of Islamic finance.

By ARTHUR MACDONALD

MANAMA: Bahrain-based BBK has announced the launch of Capinnova Investment Bank, its new Sharia-compliant investment banking arm. A wholesale Islamic investment bank, Capinnova is licensed by the Central Bank of Bahrain and capitalised at $500 million with a fully paid-up capital of $125m.

“The growth of Islamic banking industry in particular has been remarkable in recent years and it is expected to reach $4 trillion in the next five years according to a recent Standard and Poor’s rating agency report,” said BBK chief executive officer and Capinnova Investment Bank chairman A Karim Bucheery, at the launch of the bank at the Ritz-Carlton Bahrain Hotel and Spa yesterday.

Read the rest of this entry »

Written by Suapi Shaffaii

January 13, 2009 at 4:11 pm

CBB highlights training and development as key driver to success

leave a comment »

Points of Essence:

  • The Central Bank of Bahrain believes that a continuous and strategic investment in the training and development of its human talents will lead to a success of the institution. Islamic banking and finance is one of the priority areas. Ameinfo has the report.

The Central Bank of Bahrain (CBB) highlights training and development as a key driver to success.

Dr. Huda, Executive Director – Corporate Services, CBB, says:

‘Enhancing the capabilities and skills of the CBB staff is one of our core responsibilities.’

In order to achieve this; the CBB has adopted a rigorous strategy to recognize training requirements for the staff both collectively and individually in order to set out the necessary training programs which best meet those requirements.

Read the rest of this entry »

Written by Suapi Shaffaii

November 23, 2008 at 8:57 pm

Gulf Daily News: Al Salam Bank Bahrain’s New Branch Opens

leave a comment »

Points of Essence:

  • Al Salam Bank Bahrain transforms its newly opened branch at Bahrain City Center into a full banking suite to offer banking convenience for its clients. Top customer services and cutting edge facilities are prioritized at the branch to meet the sophisticated demands of its clients. Gulf Daily News has the report.

Bank opens new branch

MANAMA: Al Salam Bank – Bahrain has opened its second branch at Bahrain City Centre.

The branch houses a business centre that is equipped with the most sophisticated and state-of-the-art computer systems that are not found in any other bank in the country, executive vice- president and head of Mena Nabeel Al Tattan said.

Read the rest of this entry »

Written by Suapi Shaffaii

November 14, 2008 at 12:05 pm

Shamil Bank appoints Assistant General Manager, Investment Banking

leave a comment »

Points of Essence:

  • Bahrain based Islamic bank, Shamil Bank welcomes Brooke Borden as its new  Assistant General Manager for banking investment. Borden is an experienced investment banker who previously led major public offerings and investment funds.

Shamil Bank, a leading Bahrain-based Islamic commercial and investment bank and a wholly-owned

Brooke Borden.

Brooke Borden.

subsidiary of Ithmaar Bank, announced the appointment of Brooke Borden as Assistant General Manager, Investment Banking.

Borden, comes to Shamil Bank with more than 20 years of investment banking, private equity and mergers and acquisitions experience.

A seasoned investment banker, Borden has previously led initial public offerings (IPOs) on the NASDAQ (United States) and Tadawul (Saudi Arabia) exchanges.

With prior senior management experience at financial institutions in the Middle East and the United States, Borden has successfully managed and led major public offerings and investment funds.

Read the rest of this entry »

Written by Suapi Shaffaii

October 23, 2008 at 11:54 am

Bahraini Chamber sounds alert over crisis

leave a comment »

Points of Essence:

  • Key industry leaders urged Bahraini Government to disseminate crucial information of the measures taken by the Government to cushion the impact of the US financial crisis to the Bahraini banking and financial sector. This will spur confidence  to businessmen and investors alike.

By GEOFFREY BEW

A LACK of transparency about the impact of the global credit crunch in Bahrain could have disastrous consequences for the country’s economy, business leaders warned yesterday. The Bahrain Chamber of Commerce and Industry (BCCI) says the government must provide more information about its readiness to deal with the international crisis, which has slashed share values worldwide.

Click here for more!

Written by Suapi Shaffaii

October 13, 2008 at 2:29 pm

Posted in General Issue

Tagged with ,