11/06/2024
ADIB becomes first UAE bank to safely test fractional Sukuks offering to retail investors
This supports the UAE's leading position as a global hub for technological innovation and financial services
Islamic Finance
11/06/2024
Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion
The announcement was made on the sidelines of the Gateway Gulf Investment Forum held in the Kingdom of Bahrain on November 3 and 4, 2024.
11/05/2024
Bait Al-Mashura Journal ranks first in Arab World for specialisation of Islamic Economics and Finance
The rank was awarded by the Arab Citation and Impact Factor (ARCIF), for the year 2024.
10/18/2024
Sharjah Islamic Bank's profit before tax Increased by 29% for nine month period ended 30 September 2024
The overall revenue increase is because of the SIB's strong core performance; focus on SIB’s customer-centric approach and multiple new high profit oriented customized products
10/16/2024
Ithmaar Bank enables digital onboarding in Bahrain
Ithmaar Bank designed this service to cater to the needs of corporates and SMEs clients
10/16/2024
IsDB to finance $3bn in 20 socio-economic projects across 17 countries
Initiatives target key sectors such as agriculture, water resources, and energy, as well as health care and infrastructure
10/09/2024
Ahli islamic wins Excellence in Retail Islamic Banking award 2024
The Alam Al Iktisaad Awards are a benchmark of distinction in the local business and financial sectors
10/04/2024
Retail investors are Abu Dhabi Islamic Bank PJSC's biggest owners and were hit after market cap dropped د.إ2.7b
The top 5 shareholders own 51% of the company
09/30/2024
Islamic banking in Egyptian market hits $15.23bln in June 2024
Islamic banking now constitutes 4% of the overall Egyptian banking market
09/18/2024
Bank investments in monetary bills, Islamic CD hit $62bln by end of Q2-24: CBUAE
The statistics showed that the Central Bank’s foreign assets increased by 5.3 percent
09/16/2024
Oman’s Islamic banking assets surge 18%, reflecting broader GCC growth trends
The growth in Oman aligns with a broader regional trend.
09/16/2024
QIB Wins Five Awards at The Asset Triple A Islamic Finance Awards
QIB's Group CEO Bassel Gamal said that these awards reflect the Bank's ongoing commitment to delivering innovative, customer-focused Islamic banking solutions
09/13/2024
GCC Islamic banks to maintain strong profitability driven by economic growth
Profit margins are expected to remain insulated from potential Fed monetary policy easing
09/10/2024
Network International partners with ruya to improve Islamic Banking
The partnership is expected to elevate Shariah-compliant banking standards and drive innovation within the UAE’s expanding digital economy.
09/10/2024
Bank Nizwa discusses key Islamic banking topics at Islamic Finance news Oman 2024 conference
The bank was awarded with the ‘Best Islamic Bank in Oman’ title
09/09/2024
BankDhofar launches innovative podcast series to promote financial literacy
In collaboration with Hala FM
09/04/2024
KFH Group completes the conversion of Ahli United Bank – Egypt to Sharia-compliant banking
This conversion is part of the strategic shift that the Group initiated following the successful acquisition of Ahli United Group-Bahrain in October 2022: official
08/27/2024
Global Islamic Finance Summit 2024 - Shaping the future of Islamic Finance
The Global Islamic Finance Summit is proud to partner with the Maldives Islamic Bank as a Strategic Partner
08/22/2024
International Islamic Banking Forum successfully concluded in Ethiopia
Interest-Free/ Islamic Finance Set to Transform Africa: Hassan Mohammed, State Minister of Industry, Ethiopia
08/15/2024
Saudi Arabia poised to ignite Islamic insurance boom in GCC: report
Saudi authorities are actively working to reduce the number of uninsured vehicles and introduce new mandatory medical cover