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
Islamic Finance
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
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.