10/27/2021
Dubai Islamic Bank posts Dh3.1b 9-month net profit
Effective cost management and lower impairments are supporting DIB’s profitability
Islamic Finance
10/24/2021
BisB Outlines a Three-Year Sustainability Roadmap
To ensure the strategic vision of the roadmap is achieved, the strategy has been charted into clearly defined areas of focus and tactical pillars.
10/20/2021
Sharjah Islamic raises foreign ownership limit to 40% amid strong investor demand
Bank has impressed with 30% gain in profit for the first nine-months of 2021
10/20/2021
IsDB Institute wins again 'Best Islamic research firm' award
The award recognizes the Institute's innovative approach for creating knowledge solutions to achieve sustainable development
10/20/2021
Emirates Islamic swings to $218mln net profit on lower impairment costs
Bank says it has achieved 'strong capital and liquidity'
10/14/2021
Islamic Development Bank gets $1.7bln via sukuk
The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand
10/14/2021
Islamic Development Bank gets $1.7bln via sukuk
The spread was tightened from initial guidance on Tuesday of around 30 bps over mid-swaps after the sukuk drew more than $2.4bln in demand
10/07/2021
QIB bags award from Visa for enhanced digital solutions to cardholders
Over the past 24 months, QIB has added many new card features to its mobile app offering exceptional customer convenience.
10/07/2021
ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021
And Islamic Trade Finance CEO of the Year Middle East at the 2021 Global Banking & Finance Awards
10/06/2021
QIB wins three accolades at Asset Triple A Islamic Finance Awards 2021
QIB also successfully closed a $750m 5-year Sukuk with a profit rate of 1.95 percent per annum, the lowest ever paid by QIB on their fixed rate Sukuk issuances.
10/04/2021
Al Salam bank-Bahrain commences discussions with Ithmaar holding for the potential acquisition of a group of assets
Al Salam Bank is keen to maintain its growth trajectory and these discussions with Ithmaar Holding on a potential group of assets would complement Al Salam Bank's existing business lines
10/04/2021
Islamic banks' reputation surges amidst pandemic
CARMA, the leading global media intelligence provider, has created a deep-dive report on the rise of Islamic Banking
10/01/2021
Saudi Arabia sukuk to join widely followed FTSE bond index
The sukuk, sharia-compliant Islamic bonds, have a par amount currently outstanding of $81.6bln
09/24/2021
Kuwait's Warba Bank to issue $250mln sukuk
Lender obtains initial approval from central bank to make issuance
09/23/2021
Saudi Arabia's Positive Facilities taps Path for core banking
The company’s five-year plan is to serve up to 50,000 SME customers in Saudi Arabia with affordable financing loans at 0% interest with an estimated total number of financing transactions exceeding 30 million transactions per year.
09/21/2021
Islamic banks in GCC ‘focusing on low-risk retail finance’
Consolidation within fragmented Islamic banking markets presents opportunities.
09/15/2021
SoftBank ventures into Saudi Arabia in a deal with wealth fund
SoftBank has partnered with Saudi Arabia’s sovereign wealth fund and plans to expand into the Middle East and Africa.
09/14/2021
ADIB Partners with DenekB, a UAE based FinTech company, to expand digital payment choices for consumers in the UAE
Through this partnership, UAE residents with a registered DenekB account will be able to create their Virtual Visa Prepaid Card instantly that is powered by ADIB
09/14/2021
IsDB Institute wins 'Best Islamic Research & Development' award for 2021
The award was presented during the 11th Global Islamic Finance Awards (GIFA), held online on 14 September 2021 to celebrate excellence in the global Islamic finance industry
09/13/2021
Egypt accounts for EGP 347bn of global Islamic banking of $2.7trn: Finance Ministry
Finance Ministry cooperates with FRA, Al-Azhar, and Islamic banks to issue regulations of Sukuk Law