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Islamic Finance

01/14/2026

Sohar Islamic Advances financial inclusion with the opening of its new Bowsher retail branch

This expansion brings the Bank’s total network to twenty branches and two service centres across the Sultanate, marking another strategic milestone in its ongoing efforts to strengthen physical accessibility and extend the reach of Sharia-compliant

12/30/2025

Bahrain Islamic Bank signs MoU with University of Technology Bahrain to provide training opportunities for students

Bahrain Islamic Bank will offer training programs for students of the university to help them meet academic graduation requirements

12/22/2025

Qatar Islamic Bank officially inaugurates its new head office at QIB Towers, West Bay

The event was hosted by QIB’s Chairman, Board of Directors, Group Chief Executive Officer, and Executive Management, reflecting the strategic importance of this milestone for the Bank and the wider financial sector.

12/22/2025

Oman’s Islamic banking assets rise to $24bn on credit growth

The broader banking sector also saw solid credit growth in 2025.

12/15/2025

Nasdaq Dubai welcomes USD 500mln Sukuk by Majid Al Futtaim amid strong momentum in Islamic Debt Markets

The Sukuk, maturing on 22 October 2035 with a profit rate of 4.875%

12/08/2025

QIB secures global banking excellence award in London

In recent years, QIB has continued to invest in cutting-edge technologies and data-driven capabilities to provide a seamless, secure, and personalized banking experience.

11/26/2025

Tokenization and digital sukuk set to transform GCC capital markets

Fitch forecasts innovation should sweep through Islamic debt issuance in the medium to long term in the region

11/24/2025

BisB named strategic banking partner for HQ Industrial project in Hidd

The partnership is designed to strengthen the industrial SME ecosystem by providing specialized financial services

11/18/2025

QIB wins 3 digital innovation awards from The Asset Triple A Islamic Finance Awards

Recognised as the ‘Best Islamic Bank for Digital Innovation’, QIB has set a benchmark in digital banking through its mobile-first strategy and continuous enhancements to the award-winning QIB Mobile App.

11/05/2025

The Bahrain Institute of Banking and Finance signs a strategic partnership with AAOIFI to strengthen Islamic finance capacity

Aims to enhance the capacity and expertise of professionals within the Islamic finance industry through a range of joint initiatives

10/28/2025

Sharjah Islamic Bank successfully completes sale of all treasury shares

The sale was completed shortly after the announcement of SIB’s third-quarter financial results

10/24/2025

Boubyan Bank records net profit of KD 78m for the period ended September 2025

With this growth, the bank continues its exceptional success in sustainable growth, thus demonstrating the robustness of the bank’s financial position and its status as one of the major full-fledged banks in the Kuwaiti banking sector.

10/24/2025

Qatar Islamic Bank's net profit grows by 5.8%

Total assets of the Bank as at 30 September 2025 stands at $59bln representing a growth of 6.9%

10/22/2025

A banking alliance of five banks grants a joint Islamic financing facility (Mudaraba) worth EGP5.2bln

To Inertia Egypt for its Jefaira North Coast Project in Ras El Hekma

10/15/2025

LSEG and ICD announce findings of the 2025 Islamic Finance Development Indicator report

Global Islamic finance assets projected to reach US$9.7 trillion by 2029

10/13/2025

Islamic International Arab Bank Named Best Islamic Digital Bank in Jordan for 2025

Established in 1997, the Islamic International Arab Bank operates across all governorates of the Kingdom

10/09/2025

Bahrain: Flooss appoints SICO to structure $10mln sukuk issuance

This transaction reflects ongoing efforts to advance shariah compliant capital markets instruments in the kingdom

09/25/2025

Oman’s Islamic finance sector to top $40bn amid regulatory reforms, sukuk growth: Fitch

In the UAE the industry surpassed $285 billion in assets by the end of the first quarter of 2025, supported by strong demand and a deepening sukuk market, another Fitch report stated.

09/25/2025

Sohar Islamic reaffirms commitment to Islamic finance as main sponsor of the 3rd Zakat Forum in Salalah

Reaffirming its role as a trusted partner in promoting Islamic finance and fostering meaningful dialogue on issues of social and economic importance

09/24/2025

Saudi-listed Elm renews $133mln credit facility with Al Rajhi Bank

The loan will be used to finance working capital and issuance of bank guarantees

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