11/28/2022
Volume of Islamic banking in Egypt estimated at EGP 459bn by end of September 2022
Islamic banking accounts for about 5% of total banking in the Egyptian market
Islamic Finance
11/24/2022
Bank Nizwa launches Shari’ah-compliant eco-friendly payment cards
The cards unlock privileges that match the lifestyles of the bank’s premium customers, creating a seamless experience that is secure and hassle-free for cardholders.
11/23/2022
Dubai Islamic Bank sells $750mln in debut sustainable sukuk
Bank ABC, Dubai Islamic Bank, Emirates NBD Capital , First Abu Dhabi Bank, KFH Capital, HSBC, Sharjah Islamic Bank and Standard Chartered are arranging the debt sale
11/23/2022
Standard & Poor’s awards Boubyan Bank the highest credit rating in Kuwait
The bank’s strong franchise and UK subsidiary to help fulfill ambitions to expand banking services locally and regionally
11/16/2022
Ithmaar B S C : Bank announces third quarter results
The results also show a net profit attributable to equity holders for the nine-month period ended 30 September 2022 of BD11.39 million, compared to a net loss of BD2.62 million for the same period in 2021. Total profit for the nine-month period ended 30 S
11/15/2022
Al Rajhi Bank completes $3bn Tier 1 SR-denominated Sukuk subscription
The sukuk allocation is expected to be completed by Nov. 13, and the settlement is scheduled for Nov. 16.
11/14/2022
Bank Nizwa makes home ownership easy
Providing a variety of property financing solutions
10/21/2022
Muzn Islamic Banking Supports Islamic Finance News Oman Forum 2022
As NBO’s Islamic banking window, Muzn is committed to unlock new opportunities and support our customers to flourish.
10/21/2022
ADIB named the Safest Islamic Financial Institution in 2022
Secured the 1st rank within Islamic banks and 6th in the Middle East on the World’s Safest Banks list, by Global Finance Magazine
10/17/2022
Alizz Islamic Bank wins award for 'The Sultanate's Best Islamic Bank on Social Media'
Alizz Islamic Bank has used social media to launch its campaigns for the various customer segments and reinforcing its brand and marketing strategies for important accomplishments in this regard.
10/13/2022
5 leading Islamic finance banks in the Kingdom of Bahrain
This is likely driven by the steadily rising public demand for Islamic products and the expected improvement in the operating environment.
10/10/2022
QIB opens new branch at QatarEnergy district
With the opening of its new branch, QIB has expanded its footprint within the country to provide its customer-centric products and services, and further bringing together relationship banking
10/07/2022
Treasury Sukuk Launch by Qatar Central Bank Is Credit Positive
Qatari Islamic banks use Islamic liquidity-management tools including interbank placements, Islamic repurchase agreement, Qatar Money Market Rate Standing Facility, and maintaining reserves with QCB.
09/29/2022
Sharjah Asset Management is a strategic supporter of the 11th edition of the IGCF 2022
Promoting social, human and cultural communication around the world
09/27/2022
QIB receives STP Excellence Award from Citibank
The STP award recognizes quality in the field of payment transactions, reflecting the degree of full automation
09/16/2022
Ethis Group soars to new heights with its second GIFA Best Islamic Crowdfunding Platform Award
Ethis continues to set the standard, as the latest award validates it as a leader and pioneer within the Islamic fintech and Islamic Crowdfunding sectors
09/15/2022
US$ 188bln worth of Sukuk issued in 2021
Finds the 11th Edition of the Annual IIFM Sukuk Report
09/13/2022
Bank Nizwa signs financing agreement to develop Al Nakheel Project
Al Nakheel is an Integrated Tourism Complex under the auspices of the Ministry of Heritage and Tourism
09/12/2022
Islamic Development Bank approves $1.12bn in development financing for nine member countries
The bank approved a $1.79m grant for projects in key sectors such as food security, health, transport, energy, urban development, education, water and sanitation
09/08/2022
Ahli islamic launches Al Shumookh banking for high-net-worth customers
The new Al Shumookh banking segment is open for existing and prospective Omani, and expatriate customers, whose monthly incomes - OMR 3,500 and above - are transferred to the bank or have a total deposit of OMR 35,000 and more