• World Islamic Banking Conference
IIB exits aircraft investment

IIB exits aircraft investment

International Investment Bank ( IIB), an Islamic wholesale investment bank based in Bahrain, announced a successful exit from its investment in an Airbus wide-body aircraft leased to a European airline, which generated an IRR of 18 per cent. The Bank, which is owned by major investors from across the GCC, also announced the opening of Swissotel Sarajevo.

The hotel is part of the Sarajevo City Center (SCC) development, a state-of-the-art mixeduse real estate complex in the capital of Bosnia and Herzegovina comprising a mall, office tower and a 5-star branded hotel. The hotel has 21 floors and 218 rooms, 40 of which are apartments, with spacious rooms that offer a panoramic view of the city and surrounding mountains.

IIB Chairman Saeed Abdul Jalil Al Faheem said: “We are in the process of recalibrating our strategy to ensure investor and shareholder value is enhanced. The launch of Swissotel Sarajevo and the Airbus exit are both in line with this strategy.”




GFH profit rises 18.6pc

GFH profit rises 18.6pc

GFH Financial Group yesterday reported an 18.6 per cent increase in ninemonth net profit helped by continued growth and stronger contributions from its core investment banking business and other related investment income. Net profit at

APM commences IPO

APM commences IPO

Bahrain’s BD11.880 mn APM Terminals IPO has met with positive investor appetite said SICO in a statement saying, “we look forward to closing with a fully-subscribed offering.” The offer period for the APM Terminals Ba

Ithmaar reports profit

Ithmaar reports profit

I thmaar Holding, a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank, a Bahrain-based Islamic retail bank, each announced their financial results for the third quarter of 2018 with both reporting profi


Loman, Efrain show mutual respect

Loman, Efrain show mutual respect

MMA is known for intensive rivalries that had often transcended beyond the sport from time to time. Stephen Loman from Philippines will be defending his Bantamweight world championship title at Brave 18 taking place on 16th November in

GFH profit rises 18.6pc

GFH profit rises 18.6pc

GFH Financial Group yesterday reported an 18.6 per cent increase in ninemonth net profit helped by continued growth and stronger contributions from its core investment banking business and other related investment income. Net profit at

APM commences IPO

APM commences IPO

Bahrain’s BD11.880 mn APM Terminals IPO has met with positive investor appetite said SICO in a statement saying, “we look forward to closing with a fully-subscribed offering.” The offer period for the APM Terminals Ba

Ithmaar reports profit

Ithmaar reports profit

I thmaar Holding, a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank, a Bahrain-based Islamic retail bank, each announced their financial results for the third quarter of 2018 with both reporting profi