06/29/2021
Bahrain's Al Salam Bank client deposits triple
Tremendous response to its new ‘Life Planning’ scheme indicates the huge appetite in the market for short-term, flexible savings solutions
06/29/2021
Qatar International Islamic Bank mulls 100% foreign ownership
Move needs regulatory and shareholder approval, says board
06/25/2021
Saudi Tadawul Group releases 2020 annual report
The Saudi Stock Exchange (Tadawul) announced its transformation into a holding group structure, Saudi Tadawul Group, in Q1 2021
06/20/2021
Islamic financial sector has total assets $213bln
06/18/2021
Tier 1 Capital Certificates attracted more than $1.7bln in orders
06/17/2021
Dubai Islamic Bank closes $1b senior sukuk
The sukuk was 3 times oversubscribed with an orderbook that peaked at $3 billion
06/14/2021
The Governor said that during this crisis, banks witnessed pressures on their systems and budgets through the required harmonisation between continued credit granting, asset reclassification and provisions for credit losses.
06/11/2021
The implementation will enable KFH to flexibly and rapidly respond to an ever-evolving regulatory environment while ensuring compliance and consistent, precise reporting.
06/11/2021
The sector continues to have significant importance with total Islamic banking assets reaching USD35.7 billion at end-2020 or about 106% of Bahrain's GDP.
06/10/2021
The size of the offering will depend on market conditions, it said in a filing to the Tadawul stock exchange
06/10/2021
H.E. the Governor have directed to take necessary actions to advance the agenda of standardisation of Shari’ah and ensure the solidification of Islamic finance standards are continuous and synchorinsed.
06/07/2021
A Turkish lecturer stated that Turkey is going to have a significant position in conventional and Islamic finance.
06/06/2021
IFN Awards is a highly regarded awards ceremony within the Islamic finance industry
06/06/2021
Delivering net equity of AED3.165bln for FY2020
06/03/2021
Standardization issues could be resolved “once and for all” through an initiative by Dubai and its partners
05/30/2021
The subscription period will extend for 15 working days
05/27/2021
This diversity calls for immediate action everywhere, but it requires more solidarity and multilateral action than ever.
05/25/2021
The listed firm reported total net profit was $28.77bln compared to $19.96bln achieved during the same period in 2020
05/24/2021
Welcoming the virtual gathering, Al Musharrkh emphasised that since the establishment of bilateral relations in 1984, the UAE has emerged China’s largest non-oil trading partner in the Mena region.
05/24/2021
Faisal Islamic Bank of Egypt ranked first with EGP 119bn turnover in March 2021