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
Islamic Finance
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
09/05/2022
QIB opens new branch at Place Vendôme Qatar
Located in the recently opened luxurious mall in Lusail
08/26/2022
Bahrain Islamic Bank managers earn CIBAFI’s Islamic Banker Certification
The CIB programme aims to acquaint the employees to Islamic finance institutions with a more broadened understanding of the field while improving their skillset and capabilities by providing them professional knowledge that will guide them in further deve
08/26/2022
Bank ABC Islamic wins the MENA Islamic Finance Bank of the Year award by MEED
Recognised for its innovative approach to Shari’a compliant banking and consistent performance with a clear client-centric focus
08/15/2022
Al Salam Bank Q2 profits up 53% to $18.6m
Total shareholders’ equity decreased by 3% to BD288.3 million ($764.8 million) compared to BD296.3 million ($785.8 million) as at year ended December 31, 2021, due to dividend distribution and reduction in reserves.
08/11/2022
Al Sanam Islamic Bank signs with ICSFS
Al Sanam Islamic Bank will provide comprehensive, Shari’a-compliant financing products and services to the Iraqi market, with a robust focus on digital banking.
07/26/2022
QIIB announces its results for the first half of 2022
Net profit reaches QR 571 million, reflecting a growth of 5%
07/22/2022
Oman's plan to introduce Islamic money market instruments is positive for sector
Moody's says move will also diversify Islamic lenders' assets
07/22/2022
Qatar’s Islamic finance sector set for growth
It further added that the year looks poised for further growth and development for Qatar’s Islamic finance institutions as the economy expands in the run-up to the 2022 FIFA World Cup