INTERNATIONAL INSTITUTE OF ISLAMIC FINANCE INC

Emirates airline will raise Dh1.9 billion ($517 million) to fund three aircraft to be delivered this year.

al khaliji released its consolidated financial statements for the year ended 31 December 2011 today. With Profit before tax over QR 500 million and asset growth up 44%, having more than doubled in 3 years, the Bank affirmed its ability to grow in tough prevailing market conditions.

The Bahraini Saudi Bank and Al Salam Bank-Bahrain have started the New Year with the launch of " Tayseer " promotional media campaign. The new Shari'a-compliant product "Tayseer" is Murabaha-based personal finance that meets liquidity requirements of individuals.

Venture Capital Bank and Bank Alkhair (formerly Unicorn Investment Bank) announced today the acquisition of 65% of Goknur Foods Import Export Trading and Production Co., which is one of the largest producers of fruit juice concentrate and fruit puree in Turkey. This equity stake in Goknur has been placed with investors in the GCC region.

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced today that it had closed a AED 275 million (USD 75M) syndicated Islamic financing facility for JBF RAK LLC (JBF RAK), a subsidiary of JBF Industries.