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
Islamic Finance
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
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