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.
Islamic Finance
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.
05/21/2020
Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound
Islamic banks' profitability metrics remained above conventional banks' in 2019.
05/20/2020
These 9 UAE companies rank among the world's Top 2,000
First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally.
05/20/2020
Instant protection for your family through the QIB mobile app
Once customers successfully apply and complete the required simple steps, the policy issuance is managed and integrated directly with Beema’s online system.
05/19/2020
Islamic trade finance body spent $5bn for development last yearMay
The ITFC has been mainly focusing on OIC member countries in Asia and Sub-Saharan Africa last year with the aim of making global value chains more purposeful in the role they play in reducing rural poverty and ensuring food security.
05/19/2020
Emirates Islamic offers free international money transfers
All bank fees and corresponding network charges will be waived
05/15/2020
Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019
Record year for the ASB Global REIT Fund
05/14/2020
Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges
Provisions for bad loans climbed 78% to 693m riyals during the reporting period
05/13/2020
World's Best Islamic Financial Institutions 2020: Fair Winds Before The Storm
Islamic financial institutions maintained good growth and higher profit in 2019, fortifying them for the difficult year ahead.
05/12/2020
Virus crisis highlights potential role of Islamic finance in reaching sustainable development goals
As a background, the UN has formulated the SDGs as a playbook to address and eventually overcome a wide range of global economic, social, governance and environmental challenges by 2030.
05/11/2020
Abu Dhabi Islamic Bank first-quarter profit plunges 55%
Credit provisions and impairments for the three months ending Mar 31 increased to 387.1 million dirhams versus 186.4 million dirhams for the same quarter in 2019.
05/08/2020
ADIB net profit of AED 269.7 million in q1 2020
Management discussions and analysis of first quarter results ended March 31, 2020
05/08/2020
UAE launches initiative towards ‘unified global legal framework’ for Islamic Finance
It is aimed at enabling Islamic economic activity and meet demand for greater standardisation within the sector.
05/08/2020
Bahrain's Al Baraka Bank looks for acquisitions as coronavirus pandemic hits valuations
The Sharia-compliant lender plans to increase its international footprint by moving into India, China and Indonesia, its chief executive says
05/07/2020
UAE launches initiative for global legislative framework for Islamic Finance
Initiative is in partnership between the Ministry of Finance, IDB and DIEDC
05/05/2020
Saudi's Al Moammar Information Systems signs $77mln Islamic loan
The revolving facility will be renewable every year