Get more from Busienss Life on your smartphone, iPad, or get the print edition that includes exclusive content:
Leaders, scholars and professionals of the Islamic financial industry met on Saturday 25 Shawwal 1429H (25 October 2008) discussed the escalating effects of the financial crisis and the role of the Islamic industry throughout these troubling times.The forum formed a working group of experts and followed up and monitored implications of the economic crisis affecting Islamic banks and the economies of member countries.
The Department of Public Relations and Information at Dallah Al Barakah Group held its 7TH Annual Executive Forum in the Lebanese capital of Beirut from October 15-19 under the slogan “on track”
Saudi Minister of Finance and Islamic Development Bank Group Governor of Saudi Arabia Dr. Ibrahim Abdulaziz Al-Assaf expressed his appreciation to the IDB Group President Dr. Ahmed Mohamed Ali and all IDB staff on the strength of the Bank’s financial standing amid troubling global financial times surrounding the mortgage crisis in the Untied States of America.
The Islamic Development Bank (IDB) is not affected so far by the financial crisis engulfing the world, declared Dr. Ahmed Mohamed Ali, IDB President during the reception/lunch, which he hosted for the IDB Governors and heads of international and regional financial institutions alongside the annual meeting of the World Bank/IMF in Washington DC.
Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Board of Directors of Doha Bank, announced Doha Bank’s financial results for the third quarter of the year 2008.Net profit for the third quarter 2008 rose to QR 833.83 million, compared to QR 677.51 million for the same period in 2007, registering an increase of more than 23%. Earnings per share increased to QR 5.03 when compared to QR 4.31 in the corresponding
