Manama / Emirates Business Khaleeji Commercial Bank (KHCB), one of Bahrain’s leading Islamic retail bank, formally inaugurated the opening of a new branch located in Juffair Mall, Juffair. With the launch of the new branch the Bank now has a network of 11 branches in the Kingdom of Bahrain from which to deliver its innovative banking products and services. The …

Abu Dhabi / Emirates Business Al Hilal Bank is pleased to announce the dividend payout of its flagship fund, the Al Hilal Global Sukuk Fund. The Fund, which was launched in March 2012, distributed a 1.78% dividend to all registered unit holders as of January 27, 2016. Al Hilal Global Sukuk Fund’s objective is to generate a regular stream of …

Bloomberg Zuercher Kantonalbank, Switzerland’s fourth- biggest bank, said it’s considering acquisitions in the country’s shrinking private banking sector as smaller rivals struggle with rising costs and negative interest rates. “Domestic private banking is interesting if it offers a certain size and is a good fit,” Martin Scholl, ZKB’s chief executive officer, said in an interview Friday. He said ZKB is …