03/29/2022
Muzn Islamic Banking records 24% rise in net profit
With a focus on innovation and digital banking, its 2021 strategy included several new product launches such as the DM Personal Finance and the investment referral program
Islamic Finance
03/29/2022
Sharjah Islamic Bank wins the Dubai Service Excellence Program award
The scheme honours the extraordinary efforts and commitment to adopting best practices and achieving excellence locally and regionally.
03/29/2022
Sharjah markets 8-year Islamic bonds
Sharjah's initial price guidance was between 155 and 160 basis points (bps) over seven-year U.S. Treasuries for the sukuk
03/27/2022
Oman’s Islamic banking growth to continue despite challenges
Surging public demand and low-base effect propelled the growth.
03/27/2022
QIB launches “Flexi CD”, its new flexible certificate of deposits
In addition to offering better expected profit rates, QIB’s new Flexi CD offers customers more flexibility and control
03/25/2022
Rising public demand set to drive Islamic banks growth: Bahrain
Islamic banks’ total assets expanded by 8.1pc in 2021, at a faster pace than conventional banks’ total asset growth of 4.2pc.
03/24/2022
Abu Dhabi Islamic Bank provides $61 million in financing for green-certified projects in Saudi Arabia
In collaboration with MUFG, Alimna Bank, Riyad Bank, and Siemens Bank, $480 million of green finance has been allocated for three independent sewage treatment plants (ISTP) in Saudi Arabia
03/23/2022
Oman’s Islamic Banking on Positive Trajectory
Key structural challenges persist mainly due to the sector’s recent inception in Oman
03/23/2022
ADIB-led consortium seals $480m deal to fund green Saudi initiatives
ADIB will contribute $61 million of the total amount in its first-ever financing of green projects in the Kingdom, it said in a statement.
03/23/2022
Capital Intelligence reaffirms QIB’s Long Term Rating at A+ with stable outlook
The report also said that QIB’s profitability is strong, and its earnings quality is good, with the Bank posting consistent results.
03/22/2022
Capital Intelligence reaffirms QIB’s long term rating at A+ with stable outlook
Capital Intelligence’s Credit Rating Report reaffirmed QIB’s strong franchise and market position, with 49% of total assets of listed Islamic banks in Qatar
03/22/2022
Oman’s Islamic banking on positive trajectory
An improving operating environment, expected positive real GDP growth, higher oil prices, the easing of coronavirus restrictions, and the rise in interest or profit rates will also support growth in both Islamic and conventional banking
03/21/2022
ADIB General Assembly elects new Board of Directors
Approved cash dividend of 48.5% of net profits for the year 2021
03/17/2022
QFC develops sustainable sukuk, bonds framework
The launch of this framework showcases QFC’s commitment to environmental, social, and governance (ESG) while emphasising the growing significance of Islamic finance in sustainable development.
03/17/2022
Bahraini Islamic banking sector to grow driven by public demand
Islamic banks’ total assets expanded by 8.1% in 2021, at a faster pace than conventional banks’ total asset growth of 4.2%
03/17/2022
Public demand to drive growth in Bahraini Islamic banking sector
According to Fitch Ratings, Islamic banking continues to have significant importance in Bahrain, with its market share rising to 38.8 percent of domestic banking system
03/16/2022
Saudi Arabia issues $2.75bln sukuk in March, Kingdom’s debt offices reports
The issuance is divided into two tranches
03/16/2022
Qatar consistently among top 10 in Islamic finance globally
The Qatari market offers great opportunities for international fintech companies, with ICT spending here expected to reach $9bn by 2024, the Minister said.
03/11/2022
Kuwaiti Islamic banks post 4th best growth rate in financing operations
Public Debt Law may enhance issuance of sovereign sukuk
03/10/2022
Saudi Arabia issue $7bln sukuk in March, Kingdom's debt offices says
The issuance is divided into four tranches