Browsing All posts tagged under »Islamic banking«

Few banks serve Muslim Needs in U.S.

December 16, 2009


CNN Please click here to watch the video clip from CNN.

Switzerland Ban on Minarets Condemned

December 1, 2009


“[The ban] raises concerns as to whether fundamental rights of individuals, protected by international treaties, should be subject to popular votes.” , Thorbjorn Jagland, secretary-general of Council of Europe. Al Jazeera Switzerland is facing international criticism and charges of intolerance following a shock referendum vote backing a constitutional ban on the construction of new minarets. […]

Emirates Islamic Bank announces 253% growth in first quarter profits

May 3, 2008


Emirates Islamic Bank, one of the leading financial institutions in the region announced the first quarter results which were even more impressive when compared to an already impeccable record of results and customer experience. The Bank recorded a net profit of Dhs148.6m, recording a phenomenal increase of 253 % on the results for the same […]

The Al Buraq Islamic Credit Card

March 24, 2008


Since 2002, ABC Islamic Bank E.C, a wholly-owned subsidiary of Arab Banking Corporation, has issued the first Islamic credit card. The card, considered the first Islamic credit card that conforms to Sharia principles, is expected to be well accepted by all customers who prefer to utilise a credit card based on Glorious Sharia principles. Prior […]