07/20/2020
Emirates Islamic announces First Half 2020 Financial results
Current and Savings accounts balances up 10% from end 2019
Islamic Finance
07/16/2020
QIB posts QR1.42bn profit in H1; total assets reach QR165.8bn
QIB’s efficient risk management framework has ensured that the H1 2020 results have not been materially impacted by the events related to Covid-19.
07/15/2020
Emirates Islamic lowers balance requirements for SMEs
These business owners can open account with minimum balance of Dh10,000
07/14/2020
Turkey moving forward to broaden its Islamic finance base
A Fitch Ratings report issued back in March showed that growth in Turkish participation banking has already surpassed growth of conventional banks in the country in recent years.
07/13/2020
Abu Dhabi Islamic bank provides exclusive offers to healthcare workers
These offers include a reduction on the profit rate and pricing discounts on some of the bank’s financial products
07/07/2020
Saudi Central Banker Says ‘Too Early’ to Call Recovery V-Shaped
Believe in the resilience of the Saudi economy
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