09/03/2020
Customers applying for QIB’s Home Finance will also be eligible for the 12 months’ repayment grace period allowing them to own their home today and start paying the installments after one year.
08/30/2020
Millennium Information Solution Ltd (MISL), a major player providing game-changing core banking solutions for the growing Islamic banking sector, has set up its international operations in Dubai Internet City to serve the growing Shariah-compliant banking
08/30/2020
New open-ended Sharia-compliant fund to attract $500 million +
08/30/2020
The issuance was priced at a spread of 185 basis points over the five-year mid swap carrying a fixed profit rate of 2.21 percent per annum.
08/23/2020
Contributing to the reduction of time needed to complete transactions related to Murabaha financing
08/23/2020
Full-year sovereign sukuk issuance expected to rise by more than 40% to $92 billion
08/23/2020
A fund sold by your bank is unlikely to be the best place to invest, so shop around for a better deal
08/23/2020
The issuance size of the sukuk program in August was set at 500 million riyals, the ministry said.
08/21/2020
The outlooks on most IDRs are stable
08/20/2020
The major three banks, which cover around 69% of the total banking sector assets, recorded a growth of 6.5% significantly higher than the banking sector average.
08/20/2020
New app is just the latest instalment in the ongoing rollout of the bank’s digital strategy
08/19/2020
They can increase the savings of people who refrain from keeping money on deposit in conventional banks, which consistently increases the number of domestic savings and the share of financial intermediation.
08/19/2020
Total operating income for H1 2020 improved by 10% to BD 50.2 million, up from BD 45.6 million in the same period of 2019.
08/19/2020
The major three banks, which cover around 69% of the total banking sector assets, recorded a growth of 6.5% significantly higher than the banking sector average.
08/17/2020
Some Muslims believe that the traditional banking system is incompatible with their faith.
08/17/2020
The lender’s net interest income increased
08/17/2020
This solution allows QIB eligible customers to postpone their next three months’ personal finance installments and provides them the option of adjusting the new financing to take place after the maturity of their existing finance terms.
08/14/2020
Net profit for the first half was US$14.5 million compared to US$18.9 million reported in the first half of last year.
08/14/2020
The commercial finance product adds to the diverse range of Shariah-compliant financial solutions, innovative products and best-in-class services that Maisarah offers to cater to the needs of its retail and corporate customers.
08/13/2020
In the first half of the year, we recorded high levels of digital adoption across our retail and corporate banking, and nearly 60% of all our customers are now banking digitally.