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Islamic Finance

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

08/22/2023

Islamic investment fintech Mnaara gains funding

Digital investment platform Mnaara has finished a $500,000 pre-seed round thanks to investors from the UK, US, Middle East, and Singapore.

08/15/2023

Experts gather in Riyadh to discuss Islamic finance

SAMA Gov. Ayman Al-Sayari, who is also the chairman of IFSB, will steer the annual council and general assembly meetings.

08/11/2023

ADIB finances UK real estate assets worth $128m in H1 2023

The banking group has closed senior financing transactions worth more than GBP650m over the past five years

08/09/2023

Qatar's Islamic insurance sector GCC's 'most profitable' market in 2022: S&P

Aggregate post-tax earnings in of GCC Islamic insurers improved by almost 70% in 2022 when compared with 2021

08/07/2023

aiBANK presents aiPremier Elite for high-net-worth individual clients

To further enhance the banking experience, aiPremier Elite will allow clients to open an account and issue checkbooks at no additional expenses, allowing them to manage their finances with ease.

08/04/2023

Sukuk pricing remains similar to bonds in H1 2023

Sukuk and bonds had a high pricing correlation of 0.95 (out of 1) on average and low average spreads between 2018 and H1 2023

08/02/2023

Daily returns with ‘Wafra Plus’ account from ahlibank

Offers many benefits such as competitive rates, debit cards, and more

07/26/2023

Dubai Islamic Bank reports Q2 2023 profit of $436mln

Impairments came in 13% lower

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