07/05/2021
The Board of Directors discussed IIFM's ongoing standardization initiatives which are positively supporting the systematic and robust expansion of the Islamic finance industry
07/02/2021
The Magazine said that this year’s awards recognize Islamic lenders that have managed to keep pace with the growing sophistication and increasing demands of Islamic banking customers around the world, particularly within the digital realm.
06/30/2021
QIIB’s customers can also avail of personal financing via mobile banking without the need to visit the bank.
06/30/2021
The Bank ranks among the leading providers of Islamic banking products and services to its international clientele and focuses primarily on developing innovative and distinguished Investment solutions in compliance with Islamic Sharia principles, supporte
06/30/2021
Islamic finance and wealth management industry faced the dual shocks of adjusting to the pandemic and historically low oil prices in 2020.
06/29/2021
KIB acts as joint lead manager for AUB's USD 600m T1 Sukuk issuance
The mudaraba-based unconvertible Sukuk were issued at a fixed profit rate of 3.875%, with the first reset date set as December 17, 2026
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