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Al Hilal Bank has announced that it will continue its sustainability efforts of switching off the lights in its branches and offices after working hours and will add a new green initiative in commemoration of World Environment Day on June 5, 2013. Since dimmer screens save energy by as much as 20 per cent, the bank will promote and offer dark-themed backgrounds and screensavers via strategic websites, emailers, Facebook tabs and Twitter links. Through its online campaigns for its ‘Go dark’ initiative, Al Hilal hopes to encourage more organizations and individuals to support simple actions that protect the environment. World Environment Day is celebrated every year on the 5th of June and organized by UNEP - theUnited Nations Environment Programme. This year’s event was held under the theme ‘Think.Eat.Save.’ and was hosted by Mongolia.

1. Co-ordinate customer-bank interactions regarding bank products and services.

2.Ensure timely processing of high quality credit proposals by the team for existing and potential customers through compilation and analysis of complete borrower information.

3.Supervise relationship management of assigned Affluent/Commercial/SME portfolio.

4.Identify prospective opportunities, actively market such prospects and negotiate with customers for obtaining their business and maintain follow-ups.

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In keeping with its slogan of 'the orange bank that thinks green,' Al Hilal Bank, a progressive Islamic bank, has pledged to switch off the lights in all of its branches and offices starting at 9 pm on March 23, 2013 in celebration of 'Earth Hour.' Al Hilal Bank will use the event as a platform to reaffirm its sustainability commitments and show its support for the environmental goals included in the Abu Dhabi Vision 2030 development plan. The bank has engaged in various initiatives championing the environment under its 'Go Green' strategy.

Al Hilal Bank plans to issue a debut Islamic bond worth $500 million in the third quarter of this year, according to its chief executive Mohamed Berro. The bank aims to fund growth, diversify its balance sheet, and benchmark the bank in on the debt market. Al Hilal Bank mandated National Bank of Abu Dhabi, HSBC and Standard Chartered Bank for the issue. Furthermore, the bank expects to obtain a credit rating in the coming two or three months.

The Islamic Development Bank (IDB) plans to set up first Islamic company in Kazakhstan in 2013. The object of business shall be: renewable energy and agricultural projects. The reason for that is the lack of agricultural resources in Gulf countries. On the contrary, countries in Central Asia and Africa have the resources but not the capital, which is why IDB considers opportunities for Islamic banking in Kazakhstan, which has a resource-driven economy that is the largest in Central Asia.

See more under: http://www.reuters.com/article/2012/10/01/islamic-finance-kazakhstan-idU...

Al Jazira and Al Hilal Bank signed a sponsorship contract which starts with this seasons and continues for three years. Since Barclays Bank and Al Jazira put an end to their association, it was the perfect moment for Al Hilal Bank to come on board. Due to recent sponsorship, the logo of Al Hilal Bank will be seen on the UAE Olympic football team's apparel, the players dugout and other signage at the club’s facilities.

Albaraka Türk has authorized a number of leading banks to arrange a a $250 million dual-currency syndicated finance facility. This facility shall be used for the expansion of Albaraka Türk's financing activities in Turkey. The tenor of the facility is one year and its profit rate is of 200 bppa over the Libor/Euribor. Among the participating banks are ABC Islamic Bank, Al Hilal Bank, Bank Islam Brunei Darussalam Berhad, Emirates NBD Capital, Noor Islamic Bank and Standard Chartered Bank.

Al Hilal Bank will launch its first sukuk fund, the Al Hilal Global Sukuk Fund, advocating the bank's full commitment to product and service innovation and its keen interest in strategic segments of the financial services sector.
Investors will have the opportunity to allot a minimum subscription of $10,000 at an initial NAV of $10 per unit.
Fund sponsor will be Al Hilal Bank while CIMB Principal Islamic Asset Management will serve as the fund's investment advisor.

Abu Dhabi government-owned Al Hilal Bank has validated the appointment of three banks to administer its debut $500 million Islamic bond issue, which will be launched later this year.
Mohamed Berro, chief executive, noted that the banks chosen for the issue are: National Bank of Abu Dhabi, HSBC and Standard Chartered Bank. Berro added that the issue would help fund the bank's growth and strengthen its balance sheet.

An agreement between Emirates Environmental Group (EEG) and Al Hilal Bank for a year-round tree-planting programme in the UAE was signed.
The aim of the partnership is to establish a sense of environmental awareness and responsibility among children. Existing and new customers of Al Hilal Bank will be encouraged to open a Seghaar savings account for their children to be worthy of planting a tree bearing their name.

Pakistan International Airlines Corp (PIA) raised $90 million (Dh330 million) through an Islamic syndicated fin-ancing facility.
Abu Dhabi Islamic Bank, Al Hilal Bank, Citibank, and United Bank Limited organized the facility being the mandated lead arrangers and joint bookrunners.
Clifford Chance and Haidermota & Co was the legal counsel to the arrangers, PIA being represented by Mandviwalla & Zafar.

Al Hilal Bank has chosen three banks to arrange its debut sukuk. The deal is forseen to emerge in the first quarter of 2012.
Standard Chartered, HSBC and National Bank of Abu Dhabi have been assigned by unlisted Al Hilal for a benchmark-sized deal under a bond programme which could be worth up to $3 billion.

The list following borrowers are anticipated to sell Islamic bonds: Indonesia, ABU DHABI NATIONAL ENERGY CO, QATAR INTERNATIONAL ISLAMIC BANK (QIIK), TENAGA NASIONAL BHD. (TNB), MIDCITI RESOURCES SDN BHD., AL HILAL BANK, EMERY OLEOCHEMICALS GROUP, PT BANK MUAMALAT INDONESIA, INTERNATIONAL ISLAMIC LIQUIDITY MANAGEMENT CORP., ACWA POWER INTERNATIONAL, ISLAMIC BANK OF THAILAND, PT BANK SYARIAH BRI, Russia, Senegal, TOURISM DEVELOPMENT & INVESTMENT CO., KUVEYT TURK KATILIM BANKASI AS and many others.

TENAGA NASIONAL BHD. (TNB), MIDCITI RESOURCES SDN Bhd., Indonesia, SAUDI ARAMCO TOTAL REFINING & PETROCHEMICAL CO., PALESTINE MONETARY AUTHORITY, AL HILAL BANK, KUALA LUMPUR KEPONG BHD. (KLK) , EMERY OLEOCHEMICALS GROUP, PT BANK MUAMALAT INDONESIA, PT BANK SYARIAH BRI, TOURISM DEVELOPMENT & INVESTMENT CO. and many others are expected to sell Islamic bonds, which consume asset returns to pay investors to accede with the religion’s ban on interest.

The Islamic bank looks to to launch at least US$1 billion (Dh3.67bn) of sukuk before the end of the year. The bank is hoping that this will help it to build a track record among international credit markets for future bond sales.
Details were not revealed, therefor it is not know where the sukuk might be listed or which will be the total size of the sukuk programme.

It seems that Al Hilal Bank sees double-digit growth in 2011 profits driven by its retail and corporate businesses. The lender is beginning to take in consideration the issuing of sukuk. Therefore it will look for a corporate rating before the sale.

It seems that Al Hilal Bank sees double-digit growth in 2011 profits driven by its retail and corporate businesses. The lender is beginning to take in consideration the issuing of sukuk. Therefore it will look for a corporate rating before the sale.

A Memorandum of Cooperation was signed by Al Hilal Bank and the Make-A-Wish Foundation (MAWF) that will set up mutual cooperation and coordination in providing for the health and humanitarian needs of disadvantaged children.
Mohammed Jameel Berro, CEO of Al Hilal Bank, and Sheikha Noor Fahem Al Qasimi, Director of MAW, were the ones that signed the Memorandum.
Al Hilal Bank was the one that was chosen for this because it is known that is is committed to social causes.

The Islamic bank said that the open-ended fund will invest in publicly traded stocks of companies that meet strict Sharia law criteria.
Al Hilal Bank has appointed Abu Dhabi-based investment company Invest AD as investment advisor to the new fund and HSBC to provide custodial and administrative services.

Abu Dhabi Islamic Bank (ADIB) had arranged a syndicated Dh1.14 billion Islamic financing deal for the Majid Al Futtaim (MAF) Group.
ADIB acted as the initial mandated lead arranger, sole bookrunner, investment bank and security agent bank for the deal. Other banks that participated in the financing deal include Al Khaliji Commercial Bank as mandated lead arranger, Al Hilal Bank, First Gulf Bank and United Arab Bank as lead arrangers and Ajman Bank as arranger.