04/23/2020
Bahrain Islamic Bank launches new facility
The new service enables customers to get easy access to urgent cash instantly,
Islamic Finance
04/22/2020
Al Salam Bank-Bahrain contributes over USD 1 million to combat the spread of COVID-19
USD 1 million contributed to the "Feena Khair" ("There is good in us") campaign
04/16/2020
Abu Dhabi Islamic Bank in secondary market blockchain trade finance deal using TradeAssets
It is also a member of UAE Trade Connect another blockchain trade finance platform that includes some of the UAE’s largest banks.
04/16/2020
Kuwait Financial House (KFH) Touts the Use of Ripple’s Payment Solution
An XRP community member, identified on Twitter as WrathofKahneman, reported this new development a couple of hours ago.
04/15/2020
ADIB first Islamic bank to use Blockchain for trade distribution
As the only Islamic bank providing end-to-end Sharia’a-compliant trade financing through digital channels, ADIB is committed to expanding its digital footprint in trade financing and distribution, enhancing the efficiency and productivity of busines
04/14/2020
Global sukuk issuance down 32% in Q1 2020, recovery expected in Q3
Market recovery expected in the third quarter with a total of $100bln sukuk issuance this year, says S&P
04/13/2020
Islamic finance industry charts high-tech future
Based on the concept of shared profit and loss, the sector has in its relatively short existence grown to be worth $2.1tn
04/12/2020
Islamic finance charts high-tech future
Islamic bankers are hoping modern platforms will open the industry up to young investors
04/06/2020
Sharjah Islamic Bank introduces new and upgraded ATMs
The ATMs will feature NFC card readers as well as traditional card readers and will come with an Emirates ID reading and biometrics authentication capability.
04/06/2020
Emirates NBD and Emirates Islamic jointly contribute funds to UAE Ministry of Education
Banks' contribution to provide students with laptops for distance learning during ongoing COVID-19 situation
04/06/2020
Dubai Islamic Bank discloses Dh1.55 billion exposure to NMC
More banks admit loans to the troubled healthcare provider
04/06/2020
International Islamic Trade Finance Cooperation provides US$850 million for COVID-19 Emergency Interventions for Organization of Islamic Cooperation (OIC) Member Countries in Most Need
Interim funds to be scaled up through close collaboration with strategic partners to offer trade finance and trade development solutions that meet the direct needs of member countries
04/03/2020
Maybank Islamic’s new Dubai branch sets out to attract Gulf investors to Southeast Asia
Credit terms for some of the Maybank Group assets being sold to Gulf investors through the Dubai branch are “probably better than the credit they have seen before”.
04/02/2020
Abu Dhabi bank taps Lazard to advise on NMC, Finablr exposures
Lazard to help the bank recover funds from the hospital operator
04/01/2020
National Takaful Company “Watania” Earns 13.1 Million Dirhams in Net Profit for the Year 2019.
While announcing the financial results of the company, His Excellency Dr. Ali Saeed Bin Harmal Al Dhaheri, Chairman of the Board of Directors of the National Takaful Company “Watania”, said that the year 2019 has been challenging for the econo
03/31/2020
Abu Dhabi Islamic Bank's shareholders approve increase in foreign ownership limit
Shareholders also approve a dividend of 27.38 fils a share for 2019
03/31/2020
Moody's - GCC and Malaysia to drive Islamic finance growth
Saudi Arabia will remain the world's largest Islamic banking market, while the sector will continue to expand rapidly in Malaysia.
03/24/2020
Khalifa Foundation receives donation from Dubai Islamic Bank
Al Khouri stressed that the foundation aims to strengthen its partnerships with government authorities, banks, companies, key sponsors and strategic partners to help mitigate the impact of the pandemic.
03/20/2020
Al Salam bank AGM approves dividend distribution of 8% of paid up capital
The dividend distribution comprises of 4% cash dividends equating to BD 8.863 million and 4% bonus shares equating to 88.634 million shares (one share for each 25 shares in ASBB).
03/17/2020
Bank Nizwa Discusses Growth of Islamic Finace With Local Treasury Dealers and Financial Institutions
Moreover, Islamic banking in Oman has shown robust growth with Islamic banking entities providing financing to a record of RO 4 billion by the end of 2019, a growth of 11%.