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.
Islamic Finance
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.
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.