05/18/2022
Oman’s Islamic banking assets crosses RO6bn mark
The slowdown in 2020 growth was caused by the COVID-19 pandemic, combined with a sharp decline in oil prices that year.
Islamic Finance
05/05/2022
ADIB to set up asset management-focused entity
Bank says plans are part of ambitions to expand asset management business
04/27/2022
Dubai Islamic Bank 1st Quarter 2022 group financial results
Net Profits jump by a significant 58% YoY to reach to AED 1.3bln
04/26/2022
Abu Dhabi’s ADIB provides $136mn Sharia’a-compliant financing for Jubail Island construction
With coastal views, mangrove forests, and a central location, the Jubail Island community development will be home to 10,000 UAE citizens and residents within the next four years
04/25/2022
QIIB net profit rises 5% to QR294.9m in Q1
“QIIB’s various indicators have witnessed a unique stability despite all the circumstances related to the global economy."
04/20/2022
Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April
The first tranche has a size of SR6.402 billion maturing in 2032
04/19/2022
Mastercard recognizes QIB on the anniversary of first Islamic point of sale solution in Qatar
Launched in 2018, QIB’s PoS solution and online payment gateway was introduced to serve the Bank’s corporate customers and support their banking needs
04/19/2022
Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers
The Bank will be offering Sharia’a compliant real estate financing solutions to customers looking to own their own housing property from Burooj Property Development.
04/13/2022
How Islamic Finance Can Support the Gambia's Economic Development
According to him, limited access to finance is a significant obstacle to growth and a prominent indicator of the ease of doing business in developing countries.
04/13/2022
QIB wins 3 prestigious awards at Global Finance world’s best Islamic financial institutions 2022
QIB Named ‘World’s Best Islamic Corporate Bank', 'World’s Best Islamic Bank for CSR' and ‘Best Islamic Financial Institution in Qatar’
04/13/2022
QIB profit grows 14% to reach QR855m in Q1
The Bank was also able to achieve reduction in cost of funding (profit paid to Sukuk and Unrestricted Investment Account holders) enabling growth in the Net Operating Income.
04/12/2022
Emirates Islamic launches Emarati Business Account to support UAE national companies
The account can be opened within a period of 24 hours
04/11/2022
Qatar's QIC, QInvest to create Islamic asset management company
The new company, jointly owned by QIC and QInvest, will be a Sharia‘a compliant entity, regulated by Qatar Financial Centre Regulatory Authority
04/08/2022
Qatar takes part in Arab Monetary Fund, Arab Finance Ministers Council meetings
Minister of Finance H E Ali bin Ahmed Al Kuwari participated in the opening session of the Arab Monetary Fund’s Joint annual meetings of financial authorities, and the 13th meeting of the Arab Finance Ministers Council.
04/08/2022
ADIB postpones instalments for finance customers during Ramadan 2022
Launches many social initiatives
04/07/2022
The top 15 companies to work for in the UAE, according to LinkedIn
Chalhoub Group, Mubadala Investment Company, Mediclinic, HSBC and Aster DM Healthcare round out the top 5 list
04/07/2022
Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021
Looking at the structure of financing provided by the Saudi Islamic banks, Murabaha reached SR779 billion at the end of 2021.
04/05/2022
Al Rajhi Bank - Jordan signs with ICSFS
"We are proud to be chosen by Al Rajhi Bank - Jordan as their strategic technology partner.
03/31/2022
The Islamic finance industry has been bracing for a new world since COVID-19
Support measures by regulators in the leading Islamic finance markets allowed financial institutions to mitigate any issues they have faced and helped them ease their financial conditions.
03/31/2022
Saudi Arabia regains position as global leader in sukuk, Islamic financing: Bloomberg
Additionally, the UAE rounded out the top 3 places with around $14 billion in total issuances.