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Islamic Finance

11/13/2023

BankDhofar Corporate Banking Division outlines innovative solutions to elevate customer experience

The bank brings in agility, innovation through its deep understanding of customer needs in the Sultanate of Oman

11/09/2023

UAE: Abu Dhabi Islamic Bank successfully issues $500m green senior sukuk

The issuance attracted interest from more than 100 global and regional investors with the final order book closing at $2.6bn

11/08/2023

For a sustainable future: Dubai Islamic Bank empowers youth financial literacy

DIB's commitment to empowering the youth in the field of finance is underscored by this groundbreaking event, which is the first of its kind

11/07/2023

Abu Dhabi Islamic Bank to issue first green sukuk

Islamic lender picks banks to arrange investor calls on November 6 and 7

11/01/2023

Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln

Growth supported by higher core revenues, lower impairment charges

10/30/2023

Bank Nizwa's commitment to sustainable urban development takes center stage at Urban October

Spotlighting the significant role that cities play in shaping environmental sustainability and economic resilience

10/30/2023

BankDhofar introduces a seamless online experience for opening children’s account

This new feature makes it easier and more convenient for parents to get their children started on the right financial footing

10/19/2023

QIB profit grows by 7.2% to reach QR3,055m for nine months

Financing activities have now reached QR122bn having grown by 2.1% compared to December 2022 and up by 1% compared to September 2022.

10/19/2023

Boubyan Bank records net profit of KD 61.1m for 9-month period in 2023

Profit grows at a rate of 26% • Bank reinforces financial inclusion and digital transformation

10/19/2023

ADIB Named as the Best Bank in the UAE by Global Finance Awards 2023

Recognised as the Best Islamic Bank in the UAE and Egypt

10/16/2023

Kuwaiti Islamic banks expect profit growth despite challenges: Fitch

The sector’s assets up 25% due to merger of Kuwait Finance House and Ahli United Bank

10/11/2023

Saudi, Kuwait to drive 10% annual growth of $3trln Islamic finance industry in 2023, 2024

Global sukuk issuances set to reach $160-$170 bln this year, S&P Global Ratings said in a report

10/09/2023

Islamic Development Bank’s climate financing reaches 32% of overall funding: chairman

The bank also introduced sustainable financing through sukuks or Islamic bonds

10/03/2023

Oman Telecommunications hires banks for 7-year debut sukuk-IFR

The banks will arrange a series of fixed-income investor meetings starting Monday

10/02/2023

DIB enters Turkish digital banking sector via new investment

The DFM-listed lender will acquire 20% shareholding across T.O.M. Group with an option to increase the equity ownership to 25% within 12 months

09/29/2023

QIB recognised as Qatar’s Best Bank for ESG

QIB is deeply committed to sustainability, making it an integral part of its corporate strategy.

09/18/2023

UAE: Bank in Sharjah introduces Screen Reader Integration for its mobile banking app

This communication resulted in the provision of a screen reader service for our fellow people with visual impairments in the SIB's digital mobile application.

09/05/2023

Saudi Tadawul Group signs MoU with Shanghai Stock Exchange

MoU includes exploring collaboration opportunities on cross listing, fintech, ESG, and more

09/04/2023

QIB receives eight regional & country awards for excellence in digital banking from Global Finance Magazine

Best Consumer Digital Bank in Qatar

08/29/2023

ADIB enhances mobile app for international money transfers

As the first bank in the UAE to offer exclusive discounts on remittance payments using Promo Codes

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