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
Islamic Finance
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
08/28/2023
Bank Nizwa promotes Islamic finance in Salalah through knowledge sessions
The audience received a wealth of information about Shari’ah compliant banking principles, the importance of financial literacy, the growth, and flourishment of the Islamic banking sector
08/24/2023
Islamic finance in Egyptian market exceeds $19.38bln in 1H 2023: El-Beltagy
The volume of Islamic banking accounts for 5% of the Egyptian banking market: El-Beltagy
08/24/2023
Oman’s Islamic banking assets hit RO7bn mark as market share rises
The total deposits held by Islamic banks and windows increased by 10.5%
08/24/2023
UAE’s third auction of Islamic treasury bonds in 2023 oversubscribed 5.5 times
The move is part of the government's Sharia-compliant treasury bonds programme for this year
08/23/2023
How to encourage greater Islamic investment in sustainable finance
Islamic finance also includes a ban on the financing of “sin sectors” such as alcohol and pornography, and restrictions on “toxic” financial instruments that can drive negative market behaviours, such as short-selling.
08/23/2023
Islamic finance in Egyptian market exceeds EGP 600bn in 1H 2023: El-Beltagy
El-Beltagy added in a report issued Tuesday, that the volume of Islamic banking accounts for 5% of the Egyptian banking market
08/23/2023
World Finance grants KIB the “Best Islamic Bank in Kuwait” award
Winning the title for the tenth year in a row
08/22/2023
QIB receives three awards from The Asset Triple A Magazine
Best Islamic Bank, Best Retail Bank, Best SME Bank