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Islamic Finance

07/07/2020

UAE- Sharjah Islamic Bank records 55% increase in use of online services

Sharjah Islamic Bank offers a full package of online services through its official website and through its mobile banking solution which supports online payments through Samsung Pay or Apple Pay.

07/06/2020

Emirates Islamic named ‘Islamic Bank of the Year – UAE 2020’ by The Banker

Salah Amin, Chief Executive Officer, Emirates Islamic said: “At Emirates Islamic, we are extremely pleased to be named ‘Islamic Bank of the Year – UAE 2020’ by Financial Times’ The Banker publication."

07/05/2020

ADIB records surge in demand for digital banking services

These statistics indicate a fundamental shift in customer behavior, and an increase in demand for a convenient and contactless banking experience

07/01/2020

Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai

There is a total of $71.09bn sukuk now listed on the exchange

06/30/2020

UAE Islamic Banks: 2019 Results Dashboard

The financing impairment charges/average gross financing ratio increased significantly

06/29/2020

QFTH open to include Islamic fintechs, SMEs in first wave of IAP

QFTH has started receiving applications from entities that are looking for a launch-pad in the Middle East to accelerate their growth.

06/24/2020

Dubai Islamic Bank sells $300mln in 2026 sukuk reopening, document shows

It set final price guidance at 240-245 basis points over midswaps, tightening from initial price guidance of around 250 bps

06/24/2020

Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector

Highest reduction in non-performing financing by any listed bank in GCC

06/16/2020

Islamic finance to grow at slower pace in 2020-21: S&P

At the same time, we see an opportunity in the current environment for accelerating and unlocking the long term potential of the industry.

06/15/2020

ADIB recognized as 'Innovator in Islamic Finance' by Global Finance Magazine

In recent years, ADIB has invested heavily in innovative banking solutions as part of a digital transformation strategy.

06/15/2020

Dubai outlines plans to unify legal framework for Islamic finance

The Islamic economy accounted for 9.9 per cent of the emirate's total GDP in 2018

06/11/2020

DIB sells first sukuk in emirate since virus outbreak

DIB said almost half of the order book originated from outside the Middle East and North Africa region.

06/11/2020

Baker McKenzie advises UAE insurance firm on AED 215 million buyout

The financial benefits of the acquisition agreement will be realised following successful completion of the deal, and when both insurance companies are fully merged under the Dar Al Takaful umbrella.

06/10/2020

Dubai Islamic Bank successfully closes $1 billion sukuk

The 5-year sukuk was priced with a profit rate of 2.95 per cent per annum

06/10/2020

Abu Dhabi's Al Hilal Bank sells its Islamic insurance subsidiary

Deal sees Siraj Holding acquire Al Hilal Takaful

06/08/2020

Dar Al Takaful to acquire Noor Takaful for AED215 million

Given the complementary nature of the business of DAT and the Noor Takaful companies, DAT expects to generate synergies from the transaction.

06/08/2020

Dubai Islamic Bank hires for US$ Reg S sukuk

The senior unsecured notes will be issued under DIB Sukuk’s US$7.5bn Trust Certificate Issuance Programme, subject to market conditions.

06/08/2020

Dar Al Takaful to buy Noor Takaful for Dh215m

The Dubai-listed Islamic insurer says it expects the deal to conclude by the end of the month

05/28/2020

Growing appetite for Shariah-compliant banking, takaful products in Qatar: OBG

The Qatar Central Bank signalled its intent to create a centralised standards body for IFS in 2020, OBG said in its ‘The Report: Qatar 2020’.

05/21/2020

Moody’s affirms QIIB rating at ‘A2’ with stable outlook

The Qatari economy, which succeeded in combating the blockade and turned it into rich opportunities, positively reflected on the various economic sectors, particularly the banking sector.

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