03/24/2020
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
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
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%.
03/16/2020
The selection process took six months, where ICSFS showcased the most agile software application, embracing high security and scalability, dynamic product building, unified solutions with smooth processes across business lines and a wide range of digital
03/09/2020
Interactive teller machine offers extended branch hours, enhanced services with a human touch
03/05/2020
ADIB has launched a new platform named ADIB Direct eFX to enable customers to get better online foreign exchange rates for international transfers
03/03/2020
The bond and sukuk will have a six-month periodic rent rate of 0.5%.
03/02/2020
Firm exploring similar opportunities in Paris
02/21/2020
The bank, which had began marketing the notes at the high-40s bps over mid-swaps on Tuesday
02/20/2020
The total operating income as well as net profitability has seen double digit growth as compared to 2018.
02/19/2020
The bank, which had began marketing the notes at the high-40s bps over mid-swaps on Tuesday
02/17/2020
A seven-year, US dollar fixed-rate benchmark senior unsecured sukuk offering will follow, subject to market conditions, it said.
02/17/2020
The total assets of TBI grew to $29 billion in 2019 thereby recording an increase of 27 percent as compared to 2018.
02/17/2020
Issued with the Lowest Profit Rate for a Global Sukuk Issuance from Kuwait
02/17/2020
In September 2019, QIB and Injaz Qatar kicked off the second academic year of the 3-year program, which this year targets 400 students from universities
02/13/2020
The potential debt sale’s purpose is to diversify sources of finance and strengthen the bank’s capital base.
02/12/2020
The IFSB Task Force on PSIFIs – comprising representatives from 24 participating jurisdictions - has been importantly committed in facilitating the collection of Islamic banking data.
02/12/2020
Boubyan Bank met fixed income investors in Dubai and London ahead of the potential benchmark debt sale, which is expected to close later on Tuesday.
02/12/2020
Long-standing structural impediments to growth remain although, as more corporates tap the sukuk market, potentially including those with weaker credit profiles, legal precedents could eventually be set clarifying creditor treatment in a default.
02/11/2020
The establishment of the first overseas office of Malaysia's largest Islamic bank in Dubai is an acknowledgement of Dubai's pivotal role at the heart of the Islamic economy and the strong advantages it offers institutions who base themselves her