07/07/2019
Al-Bahar added that the future success of banking lies in the hands of technology. Banks must commit significant investment into building state of the art infrastructure if they wish to keep pace with the sector’s accelerating trajectory
07/01/2019
Sharia-compliant banks step up investments in digital space to cater to this demographic
07/01/2019
Other working group meetings will deliberate on subjects such as capital adequacy for Islamic banks, resolution and recovery plans, takaful core principles and disclosure to promote transparency and market discipline for takaful and retakaful undertakings
06/30/2019
Bank Nizwa, Oman’s fastest growing and leading Islamic bank, organized a special forum for Wholesale Banking clients in Sohar to highlight the opportunities available within the Islamic finance sector for their business growth.
06/26/2019
Sharjah Islamic Bank, leading islamic bank in the UAE has priced its debut Additional Tier 1 (AT1) Sukuk by raising USD 500 million at the lowest price of 5%.
06/25/2019
As the economic cycle might turn at some stage, we believe a low-single-digit growth rate over the next two years is a fair assumption.
06/23/2019
SIB had total assets of 44.7 billion dirhams ($12.2 billion) as of the end of last year.
06/17/2019
This achievement reflects the strength of the Qatari economy and it is a result of our efforts to implement a coherent business strategy in providing Shariah-compliant banking products and services to all of our clients.
06/17/2019
Bank issues revision on preliminary results disclosed in February
06/12/2019
The first session of the Executive Programme took place at CBUAE HQ in attendance of key officials from, Abu Dhabi Global Market (ADGM), Securities and Commodities Authority (SCA), Dubai Financial Services Authority (DFSA) and Insurance Authority (IA) wit
05/28/2019
iMAL takes further market share and tops 2019 IBSI Islamic Sales League Table
05/27/2019
According to reports by the World Bank, India is the world’s top recipient of remittances
05/27/2019
The listings underline the close relations between the UAE and Indonesia, the world’s most populous Muslim country, as well as Dubai’s growth as the global capital of the Islamic Economy.
05/22/2019
The report is all around made by considering its essential information in the overall Islamic Financing market, the essential components in charge of the interest for its products and administrations.
05/20/2019
Distributing 1000 Iftar Meals Daily during Ramadan
05/20/2019
Bank Nizwa recorded the highest growth rate in the Sultanate’s banking industry
05/10/2019
There is still a lack of qualified personnel to man its various levels
05/10/2019
Nonetheless, the surplus amount invested is then employed for making investments that are helpful for earning a higher profit for the policyholders.
05/08/2019
Green bonds are a growing category of fixed-income securities and green sukuk could widen the appeal of sukuk beyond its traditional markets in Asia and the Middle East to include ethical investors in Western countries.
05/08/2019
To put that in perspective, assets under management of the wealth management division of Malaysia’s Maybank, one of the largest banks in Southeast Asia, was $8.14bn in 2018 for both conventional and Islamic wealth management.