News Qatar Islamic Bank (QIB), Qatar's biggest Islamic bank, has confirmed that it is in exclusive talks to acquire a strategic stake in Bank Aysa, Turkey's biggest Islamic Bank. QIB has said that Turkey is one of the markets that will be part of its strategy for international expansion. Bank Aysa had equity of $1.1bn at the end of 2013, and assets of $13.2bn. QIB had equity of $3.8bn and assets of $21.2bn at the end of 2013. In Turkey, Islamic banks are known as "Participation Banks" and hold a different type of license from commercial banks. Bank Asya is the 13th biggest bank in Turke...
A message from the Chief Executive Officer
Welcome to the Arab Bankers’ Association!
We are an association of bankers and finance professionals who work in Arab financial markets. Most of our members, both corporate and individual, are based in the U.K. but a significant proportion are based outside. Nearly all of us have spent much of our professional lives living and working in the Arab world.
Our aims are simple: to foster improved relations, information sharing and understanding between the private and public sectors in the Arab world and the U.K. We achieve this through our programme of evening seminars and social events, through tailored events for individual members and their clients, and through personal interaction and introductions that are based on decades of business experience.
You will find more information about our work on the various pages of this website. For example, elsewhere on this page you can download a copy of our Annual Magazine; on the “Events” page you can download presentations given at recent evening seminars; and soon we will be adding a new page to our website -- “Arab Banking News” – where you will see a brief round-up of recent events that are relevant to our membership.
The “Join” page also contains a full list of member benefits.
This is an exciting time for Arab banks and their subsidiaries and affiliates in London. Gulf banks are looking to expand their international operations, banks in Egypt and other north African countries are finding their footing after the uncertainties of the Arab Spring, and debt issuance across the region is increasing.
London hosts the largest and most important banking community in Europe, so its not surprising that it is in London that many of the innovative new financial structures that are shaping Arab finance are designed and sold.
The ABA has been serving and promoting Arab banking in London for more than 30 years and we are as enthusiastic and committed to our mission today as we were on the day we were founded. If you are a member, I look forward to working alongside you in the months ahead. If you are not a member, I hope you will consider joining us.
George E. Kanaan Chief Executive Officer
Fri May 30 2014
Fri May 30 2014
London Business School's Annual Middle East Conference
Events , Partner Events The London Business School's Middle East Club will host its 12th Annual Middle East Conference on 30th May under the theme, "Bridging the Gap." Keynote speakers will include: HRH Prince Turki bin Faisal Al Saud, the former Saudi Ambassador to the UK, the USA and the Founder of the King Faisal Foundation HE Riad Salameh, the Governor of the Banque du Liban (Central Bank of Lebanon) Shaikha Al Bahar, Deputy Group CEO of the National Bank of Kuwait Group Joe Saddi, Managing Director of Strategy& (formerly know as Booz & Company) The day will include a panel discussion on the futur...
Tue June 17 2014
Tue June 17 2014
"Investing in UK Real Estate"
Events , ABA Events The ABA's next evening seminar, entitled "Investing in UK Real Estate" will be held on Tuesday 17 June, starting promptly at 6pm. Sponsored by ABC International Bank, National Bank of Kuwait and Norton Rose Fulbright, the seminar will cover both residential and commercial sectors, and will include a review of Islamic real estate finance and developments in the legal framework surrounding real estate investment. The speakers will be: Mr. Sophie Chick, Associate, Savills: "The UK Residential Property Market" Mr. Steven Lang, Research Director, Savills: "The UK Commercial Pro...
Thu May 22 2014
Thu May 22 2014
Seminar on Changes in Bank Regulation
Events , ABA Events "Ongoing regulatory change -- what to focus on and how to deal with it" FTI Consulting will sponsor presentations and a discussion about the way in which the UK's bank regulators, the FCA and the PRA, are currently supervising branches of subsidiaries of overseas financial services business -- and how this is likely to change. Other topics that will be addressed include governance, conduct risk, financial crime and the increasing use by regulators of "attestations." The seminar will be held on Thursday 22 May at 6pm. Speakers will include: Jeannette Lichner, Senior Managing Director at ...