A new society tasked with fostering improved understanding of Shariah-compliant finance has held its first event, with participants discussing whether Islamic banking presents an opportunity for ‘ethical capitalism’. The Oxford University Islamic Banking and Finance Society (IBFS) has been established to help finance professionals explore alternative approaches to investment and asset management. It will provide a platform for Islamic banking practitioners to network and forge links with students at Oxford University who aspire to a career in one of the fastest growing sectors of the financial services industry. The IBFS is co-sponsored by London-based Gatehouse Bank, a Shariah-compliant inv
Gatehouse Bank plc, the London-based Shariah-compliant investment bank, is pleased to announce the appointment of Henry Thompson as Chief Executive Officer. Mr. Thompson has taken over from Fahed Faisal Boodai, Chairman of Gatehouse Bank, who has acted as CEO during the past year. Mr. Boodai continues in his role as Executive Chairman. Together with the recent launch of its Wealth Management suite in Mayfair, Mr. Thompson’s appointment reflects Gatehouse’s commitment to the London market and its vision to be the leading Shariah-compliant investment bank offering innovative real estate opportunities and wealth management solutions. Mr. Thompson brings with him 17 years’ experience from a lead
Gatehouse Bank (the “Bank”), the London-based Shariah-compliant bank, is pleased to announce that it has been selected as joint winner in the RESI Awards for the ‘Private Rented Sector (PRS) Deal of the Year’ 2013, following its joint venture with Sigma Capital Group plc (“Sigma”), the residential and urban regeneration specialist, in November last year. The Bank’s £700m joint venture with Sigma will support the roll-out of an initial c. 2,000 new privately rented residential properties in the UK, with the potential to grow the portfolio to c.6,600 new rental homes once fully developed. The annual awards ceremony is organised by Property Week and brings together many of the industry’s key pl
Gatehouse Bank plc (the “Bank”), the London-based Shariah-compliant investment bank announces income of GBP12.8million (USD 20.0million) and net profit of GBP4.0million (USD 6.3million) for the year-ended 31 December 2013. Income remained stable against the prior year but profit increased by 67% whilst operational expenses only increased by 3.6%. The above headline is a positive signal of the solid business drivers put in place in implementing the new strategy and the continued cost discipline in a still challenging environment. The generation of recurring income from the investment and financing book and a reduced dependency on cyclical transactional income is a key indicator of financial s
The banker Azeemeh Zaheer: on Saudi women being a key component in the renaissance of Gulf commerce Arabiyat Magazine: Mohsen Hussein The Vice President of Wealth Management at UK Bank (Gatehouse) is a woman who possesses considerable experience and vision specialising specifically in Real Estate Investment and Islamic banking. Gatehouse Bank is currently focusing on building the link between investment opportunities in the United Kingdom and potential GCC investors. Arabiyat conducted this interview with Ms Azeemeh Zaheer the economic expert asking various questions concerning businesswomen in the GCC, as well as her own opinion/vision of Islamic economy compared to the global economy. For
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