Saudi Arabia issues nearly $9.6 billion local sukuk after early redemptionsThe government of Saudi Arabi has issued new local currency Islamic bonds worth around 35.9 billion riyals ($9.57 billion) after buying bac...
Saudi lender Al Rajhi reports 48% rise in Q2 net incomeThe Islamic lender said income from special commissions, financing and investments rose 27% from a year earlier to 5 billion riyals.
Saudi Arabia's Al Rajhi Bank reports 40% increase in Q1Saudi Arabia's biggest Islamic lender said net profit in the three months ended March 31 to 3.34 billion riyals ($890.60 million). It made ...
Major Gulf markets rise in early tradeSaudi Arabia's benchmark index added 0.3%, with Jabal Omar Development rising 3.3%, on track to end three sessions of losses.
Most Gulf markets retreat; Dubai leads declinesSaudi Arabia's benchmark index lost about 0.3%, with lender Al-Rajhi and oil behemoth Aramco shedding 0.4% and 0.3%, respectively. Elsewher...
Saudi Arabia's Al Rajhi Bank reports 3% drop in Q3 profit, impairments upThe bank made 2.66 billion riyals ($709.28 million) in the three months to Sept. 30, down from 2.74 billion riyals in the same period a yea...
Dubai leads major Gulf markets higher in early tradeDubai's main share index rose 0.7%, buoyed by a 14.4% surge in DAMAC Properties as investors hunted for bargains.
Most major Gulf markets slide; Abu Dhabi gainsSaudi Arabia's benchmark index slipped 0.2%, with Al Rajhi Bank and petrochemical maker Saudi Basic Industries falling 0.3% and 0.4%, respe...
Saudi Arabia reopens mosques with strict regulations for worshippersWorshippers headed to mosques for dawn prayers amid strict regulations requiring use of face masks and personal prayer mats, avoiding hands...
Islami Bank Bangladesh, with suspected terror links, had dollar account with HSBC IndiaThe banking operation of HSBC India is in the dock for another reason that has gone largely unnoticed - helping another bank with suspected...
Sunday ET: Terror link: RBI may examine HSBC booksRBI could look at the books of HSBC, as reports from the US senate, accusing the global lender of engaging in money laundering activities l...
HSBC India staff under scanner for money laundering and terror financingHSBC India's staff have come under scanner as "offshore reviewers" of the bank's compliance to safety mechanism against money laundering an...
US Senate's investigation committee finds deficiences in HSBC's India operationsA probe by the US Senate found that HSBC's Anti-Money Laundering Compliance Dept, which included employees in India, was highly inadequatel...
HSBC exposed US and possibly India to terror funding: Senate Permanent SubcommitteeHSBC failed in preventing money laundering by drug cartels & terrorists not only in US, but also other parts of the world, possibly includi...
- U.S. report says HSBC handled Iran, drug money
"The culture at HSBC was pervasively polluted for a long time," said Senator Carl Levin, chairman of the U.S. Senate Permanent Subcommittee...
- Euro area economy to shrink this year, impact on EMs will be minimal: IMF global outlook
Weak US employment data and the ECB's reluctance to support struggling euro nations any further affected European and American market senti...
- Asian growth attracts Shariah banks from Gulf
Al Salam Bank BSC, Bahrain’s fastest-growing lender by revenue in the past year, plans to invest $500 million of Islamic funds in Asia, joi...