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Islamic Finance

06/10/2021

CBUAE Governor chairs Islamic Finance Services Board Council

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

Turkey to have considerable position in conventional, Islamic finance

A Turkish lecturer stated that Turkey is going to have a significant position in conventional and Islamic finance.

06/06/2021

ADIB named ‘Best Islamic Bank in the UAE’ at IFN Awards

IFN Awards is a highly regarded awards ceremony within the Islamic finance industry

06/06/2021

Bank of Sharjah achieves robust underlying profit performance

Delivering net equity of AED3.165bln for FY2020

06/03/2021

Sukuk growth may be blunted by UAE's tighter standards: S&P

Standardization issues could be resolved “once and for all” through an initiative by Dubai and its partners

05/30/2021

Second additional offering of Alkhabeer Reit Fund

The subscription period will extend for 15 working days

05/27/2021

Islamic social financing in the COVID-19 era and beyond

This diversity calls for immediate action everywhere, but it requires more solidarity and multilateral action than ever.

05/25/2021

Saudi-listed companies see total profits surge 44% in Q1 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

Sharjah’s investment ecosystem keen to woo Chinese businesses

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

4 banks acquire 90% of Islamic banking in Egyptian market

Faisal Islamic Bank of Egypt ranked first with EGP 119bn turnover in March 2021

05/12/2021

ADIB registers profits in Q1

This marked a Year on Year (YoY) rise of 43%

05/12/2021

Bahrain: GFH Financial Profits Up 217%

GFH Financial announced Tuesday its financial results for Q1 2021, which ended on March 31.

05/11/2021

Al Baraka Banking B S C : Group records a net profit of US$ 26 million attributable to shareholders, for the first quarter of 2021

The basic and diluted earnings per share for the first quarter of 2021 was US Cents 2.11compared to US Cents 1.97 for the same period of 2020.

05/10/2021

Kuwait Finance House Introduces Digital Wallet Service, Supported via Smartphones with Assistance from Samsung, FitBit, Garmin

The holders of KFH Visa ATM, credit and prepaid cards and also Mastercard cards (except ATM) now have the option to try out payments with the wallet – which is reportedly compatible with NFCs locally and internationally.

05/10/2021

Ajman Bank launches its first dedicated wealth management branch in Dubai

Equipped with outstanding facilities to enhance the HNW visitors' experience

05/08/2021

World's Best Islamic Financial Institutions 2021

Islamic financial institutions coped well under pandemic conditions and found that prior tech investments paid off.

05/08/2021

More than 51% of traded constituents make gains on QSE

The Islamic index was seen declining faster the main index in the market, which saw the consumer goods sector alone constituted more than 51% of the total trading volume.

05/03/2021

Bank of Sharjah Group reports Dh666 million consolidated net loss in 2020 from provisions in Lebanon

Consolidated loss stems from application of hyperinflation effect on Lebanese subsidiary

05/03/2021

ADIB eyes sustained growth with 125% Q1 net profit surge

The bank said the net profit growth reflects the strong underlying performance across the business

04/29/2021

Dubai Islamic Bank profit down year-on-year but quarterly growth brings cheer

The first quarter of 2020 was the last before the full-blown onset of the COVID-19 pandemic.

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