More banks in the Gulf Arab region may convert to Islamic finance in a bid to tap rising demand for sharia-compliant products and to avoid the heavy investment required to launch new banks. A source ...

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KARACHI: With a view to further facilitate banks in conversion of their branches, the State Bank of Pakistan (SBP) has revised the criteria for conversion of conventional banking branches into Islamic ...

KUWAIT CITY, Aug 19: Gulf Bank stated that CBK’s Board of Directors has decided on 18/8/2025 to issue its Initial Approval on the conversion of Gulf Bank to a Bank compliant with Islamic Sharia’a, as ...

June 3 (Thomson Reuters Foundation) - When he was growing up in a small Egyptian town outside Cairo, Omar began feeling sexually attracted to other men. Too afraid to talk to family or friends, he ...

Saudi Arabia’s biggest bank has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged Islamic bank within about five years. The decision, ...