11/30/2020
Islamic banking gains prominence in the UAE
Penetration of Islamic banking products on the rise among UAE customers
Islamic Finance
11/30/2020
Islamic banks urged to push digital services as UAE demand dips
New Index reveals small reduction in the overall penetration and intention of Islamic banking products in the UAE
11/26/2020
Revealed: Why UAE residents prefer Islamic banks over conventional banks for loans
Shariah-compliant banks lead in personal finance products due to several factors, mainly for transparency and trust.
11/26/2020
Growth of Islamic finance in numbers globally, in Saudi, and the UAE
The most famous rule in Islamic finance is the ban on usury.
11/20/2020
Kuwait International Bank sells $300 million sukuk: Document
Saudi oil giant Aramco closed a jumbo $8 billion five-part bond sale on Tuesday, which it needs to partly fund an annual $75 billion dividend, most of which goes to the Saudi government.
11/19/2020
Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020
The winners will be awarded in a very special ceremony to be organized during the Annual Meetings of Islamic Development Bank Group (IsDBG) to be held in June 2021
11/18/2020
Default Resolution Regimes Untested in Most Islamic Finance Markets
Bankruptcy regimes in key sukuk-issuing jurisdictions are at various stages of development, but in general they are still in the early stages, remaining largely untested and under-developed.
11/13/2020
Safest Islamic Banks In The GCC
Sharia principles are no barrier to stable long-term growth.
11/13/2020
Kuwaiti Islamic Banks' Asset Quality and Profitability Under Pressure
Regulation on Islamic banks continues to evolve.
11/13/2020
UAE: Islamic personal law reforms are good for business
The announcement of the reforms comes shortly after the UAE and Israel agreed a deal aimed at normalising the relationships between the countries
11/13/2020
Dubai Islamic Bank sells $1b in perpetual sukuk
DIB began marketing the notes at around 5.25% earlier on Thursday and received over $5.5 billion in orders for the debt sale, the document showed.
11/10/2020
Global sukuk issuance to decline slightly in 2020, says Moody's
The global sukuk market has grown rapidly from around US$80 billion to US$179 billion over the last four years, supported by large pools of sharia-compliant funds in the Gulf.
11/09/2020
Al Rajhi Bank calls off merger talks with MIDF
The decision comes as no agreement has been reached between the parties
11/09/2020
Saudi SABB Takaful Q3 losses widen 108%
During the period from January to September, the losses increased by 163.9%
11/04/2020
Will Noor Bank’s merger with Dubai Islamic Bank lead to layoffs?
Dr. Adnan Chilwan, DIB’s CEO said: “…we succeed in restoring all services before the expected time and with minimal impacts on customers.”
10/30/2020
QFB’s total income remains stable in third quarter
On the expense side, strict cost controls introduced by the Bank has resulted in a total reduction in expenses by 28 percent while enhancing the efficiency levels.
10/30/2020
UAE’s Etihad issues $600m sustainability-linked sukuk
The airline has committed to net zero carbon emissions by 2050 and a 50 per cent reduction in net emissions by 2035
10/28/2020
QIIB net profit reaches QR785mn at end of third quarter
QIIB posted a net profit of QR785mn at the end of the third quarter in September, compared to QR777mn during the corresponding period of 2019.
10/27/2020
DIB to suspend services for final merger phase with Noor Bank
The services will be suspended on October 28-31
10/26/2020
Boubyan Bank records operating profits ended September 2020
Bank continued its prudent approach