03/17/2022
Bahraini Islamic banking sector to grow driven by public demand
Islamic banks’ total assets expanded by 8.1% in 2021, at a faster pace than conventional banks’ total asset growth of 4.2%
Islamic Finance
03/17/2022
Public demand to drive growth in Bahraini Islamic banking sector
According to Fitch Ratings, Islamic banking continues to have significant importance in Bahrain, with its market share rising to 38.8 percent of domestic banking system
03/16/2022
Saudi Arabia issues $2.75bln sukuk in March, Kingdom’s debt offices reports
The issuance is divided into two tranches
03/16/2022
Qatar consistently among top 10 in Islamic finance globally
The Qatari market offers great opportunities for international fintech companies, with ICT spending here expected to reach $9bn by 2024, the Minister said.
03/11/2022
Kuwaiti Islamic banks post 4th best growth rate in financing operations
Public Debt Law may enhance issuance of sovereign sukuk
03/10/2022
Saudi Arabia issue $7bln sukuk in March, Kingdom's debt offices says
The issuance is divided into four tranches
03/10/2022
Islamic finance industry set for continued growth in 2022 despite challenges
Islamic banks' assets globally will continue to outperform their conventional peers this year, Moody's says
03/07/2022
Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa
Islamic deposits record about EGP 350.4bn, financing reaches EGP 328bn
03/07/2022
Islamic banking plays key role in Qatar’s diversification drive
Turkey presents huge opportunities both in the area of fintech and participation finance.
03/07/2022
Aafaq Islamic Finance and Arab Financial Services partner to support fintech startups
The partnership is integral to AFS’s Regional Partner Program, a program committed to providing a platform for new and existing Fintechs to launch, expand and scale their products across the region
03/04/2022
Islamic insurance firms Dar Al Takaful, Watania agree on potential merger
A stock market filing said the boards of the two companies had reached agreement, with the transaction to be completed later this year
03/01/2022
What are the implications of the UAE's monopoly on issuing Egyptian sovereign bonds?
The foreign debt amounted to about $137.5 billion at the end of last September.
02/28/2022
Bahrain-based GFH plans listing on Tadawul, ADX
They will also discuss carrying forward $1.431 billion as retained earnings.
02/25/2022
BisB Announces Tejoori Al Islami Scheme, Doubles Grand Prize
Customers will be eligible to enter the draw for daily prizes and quarterly grand prizes for every BHD 50 invested in their Tejoori Al Islami account
02/25/2022
Al-Kuwari receives Islamic Development Bank president
During the meeting, bilateral relations were reviewed
02/23/2022
Results of Qatar Islamic Bank ordinary & extraordinary AGM on 22 February 2022
The Assembly approved the Board of Director's Report on the results of the Bank and financial statements for year ended 31 December 2021 and the plan for the year 2022
02/23/2022
UAE's Emirates Development Bank, DIB sign deal to boost SME financing
Dubai Islamic Bank expected to disburse $54.4mln in financing
02/22/2022
GFH launches $100m sukuk fund in big regional boost
The group’s considered approach to Islamic investment banking services has been recognised globally over the past two decades.
02/18/2022
Islamic equities in demand despite lull on QSE
The local retail investors were increasingly net profit takers in the market
02/16/2022
Turkey authorizes banks to issue dollar-denominated sukuk
Treasury authorized Citi, Dubai Islamic Bank, HSBC and Kuwait Finance House Capital for issuance of dollar-denominated sukuk with a maturity of 5 years.