EghtesadOnline: Russia and Iran are exploring the establishment of an Islamic bank as the two countries expand economic cooperation, TASS news agency cited Russian Energy Minister Alexander Novak as saying.

EghtesadOnline: Emirates Islamic Bank PJSC, the shariah-compliant unit of the United Arab Emirates’ biggest bank, plans to raise 1.5 billion dirhams ($408 million) from a rights issue to boost capital amid a surge in lending.

EghtesadOnline: Abu Dhabi Islamic Bank PJSC, which bought Barclays Plc’s retail business in the United Arab Emirates, has cut more than 200 jobs over the past three months, according to three people with knowledge of the reductions.