08/21/2019
ADIB UK provides Dh120m acquisition funding
Funding is provided for the acquisition of Centrica headquarters in Edinburgh
Islamic Finance
08/21/2019
Hassan Jarrar Named Best Banking CEO
The IFM award recognises exceptional individuals and institutions that have achieved high standards of innovation
08/21/2019
Kuwait Financial House Bahrain Launching Its Open Banking Infrastructure
Open Banking will create more opportunities for commercial collaborations and strategic partnerships.
08/20/2019
BisB's fastest customer gets loan in 1 min 44 sec
This service is provided through an accurate system that calculates additional financing that can be offered to the customer based on their monthly income and obligations.
08/20/2019
Bidaya Finance wins four digital banking awards
In the Kingdom of Saudi Arabia, home ownership for all citizens is a key goal of Vision 2030 and at Bidaya
08/19/2019
GCC Islamic banks headed for more M&A deals
Fitch rating sees consolidation an effective tool to boost competitive position
08/14/2019
Bank of Sharjah to Plan Dollar Bond Sale to Repay Debt
The bank, based in the emirate of Sharjah, and will use the proceeds to help settle notes maturing in June next year, they said.
08/12/2019
A continuous battle for Islamic banks in the UAE
Islamic banks in the UAE have collectively recorded slower growth over the course of 2018.
08/08/2019
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Bank was recently named "Best Bank for Personal Finance in Bahrain" by the World Union of Arab Bankers
08/07/2019
Islamic finance industry shows healthy, but slightly slower growth
Notwithstanding, the growth rate of 6.9% over the first half of 2017 was slower compared to the 8.5%-growth rate recorded between 2016 and 2017, which saw the total worth of the industry grow from $1.89tn to more than $2tn for the first time.
08/07/2019
Bank Nizwa promotes Islamic Finance to corporate and SME clients in Salalah
The bank's team demonstrated the benefits of Islamic banking
08/07/2019
Ithmaar Bank Upgrading, Relocating Muharraq Branch
Until the new Muharraq branch is opened, we will be pleased to serve customers at the nearby Busaiteen and Qalali branches
08/07/2019
Bank ABC Islamic H1 net profit up 21pc to $18.9m
Net profit for the second quarter was $9.3 million, 25.9% higher than the profit of $7.4 million reported in the second quarter of last year.
08/06/2019
Dubai’s Noor Bank launches 3.2 mln dirham waqf fund with Ajman Uni to benefit Islamic banking and finance
The fund will aim to attract more pledges in the future, Noor Bank’s head of Shariah Dr Adnan Aziz told Salaam Gateway.
08/06/2019
Ajman Bank Q2 2019 profit flat year-on-year
Net operating income grew 22.97 per cent to 157.39 million dirhams for Q2 compared to 127.99 million dirhams in the same period last year
08/05/2019
KIB achieves KD 2.34 billion net profits H1 2019
It pointed out that investment revenues increased compared to the first half of last year
08/04/2019
Bank of Sharjah reports Dh152 million H1 net profits
Loans and advances grew 11 per cent in the first half of 2019
08/04/2019
Arada reaches 4,000-unit sales milestone and ties up with Dubai Islamic Bank to provide home financing solutions
Developer achieves landmark just over two years since launch of first project, Nasma Residences
07/31/2019
IIFM Publishes its Annual Sukuk Report 2019
The report finds that global Sukuk issuances during the year 2018 stood at USD 123.2 billion, which is a modest increase of 5.5% over 2017 primary market Sukuk issuances of USD 116.7 billion.
07/29/2019
Abu Dhabi Islamic Bank Q2 2019 net profit up 10 per cent
The increase in profitability was supported by a 6.3 per cent growth in net revenues Q2 2019 to AED 1,451 million, owing to the resilient performance of the bank’s core businesses.