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
Islamic Finance
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
07/26/2023
ADIB rings market-opening bell to mark the listing of $750mln AT1 Sukuk on London Stock Exchange main market
The market opening ceremony was graced by a senior representative from the UAE Embassy in the UK, along with senior representatives from ADIB, and other distinguished guests including ADIB’s Group Chief Executive Officer, Nasser Al Awadhi
07/18/2023
ADIB launches UAE’s first long-term, fixed-rate home finance
The new offering provides customers with more property financing options amid a high-rate environment
06/26/2023
KFH - Bahrain announces successful participation at The Ministry of Housing and Urban Planning Finance Exhibition 2023
Highlighted its commitment to providing financial solutions to consumers seeking new social housing finance facilities
06/21/2023
Bank Nizwa takes the lead in promoting Islamic banking principles in Buraimi
Participants had the opportunity to learn about the fundamental principles of Islamic finance, its key features and its role in promoting economic stability and social welfare
06/20/2023
Islamic banks' assets up to $177bln by end of March 2023: CBUAE
The apex bank's statistics reflect an increase in Islamic banks' credit
06/19/2023
IsDB Institute co-organizes Islamic Finance Seminar in Kazakhstan
As part of the official program of the Astana Finance Days 2023
06/19/2023
Sharjah Chamber of Commerce and Industry highlights half-year achievements and future plans
SCCI’s board of directors discusses H1 achievements and calls for enhanced future foresight and technollogical adoption