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
Islamic Finance
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.
07/29/2019
QCB plans centralised Sharia'h framework for Islamic banks
Qatar Islamic banks are pursuing such a strategic opportunities, seeking to operate in international markets such as Morocco and the UK.
07/28/2019
Pakistan's $500mln syndicated financing attracts 40% oversubscription
Emirates NBD Capital Limited acted as the Global Coordinator on the Facility. The transaction was fully subscribed by 12 banks.
07/25/2019
Emirates Strategic Investments Company debuts $600mln sukuk
The sukuk issuance has a tenor of five years at a profit rate of 3.939% per annum
07/24/2019
Green energy getting a boost from Islamic finance
This is where the value proposition of Islamic finance kicks in.
07/24/2019
Sharjah Islamic Bank's Net Profit Rises to 291 Million During the First Half of 2019
As a result, liquid assets reached AED 9.0 billion or 20.4% of total assets by the end of the first half 2019.
07/24/2019
Noor Bank reports Dh410 million H1 2019 net profit
Stringent expense management and lower impairments contributed to the surge in net profit
07/23/2019
IIRA reaffirms credit ratings on Al Baraka Banking Group and raises the fiduciary assessment
The Group is headquartered in the Kingdom of Bahrain and has a wide geographical presence in the form of subsidiary banking units
07/23/2019
Deloitte and ISRA Launch Islamic Finance Report Examining Rise of Green Sukuk
This is Deloitte’s second renewable energy paper analyzing industry investment trends, regulatory frameworks, stakeholders, financing strategies and success stories that help drive the value proposition for Islamic finance alternatives.
07/18/2019
Kuwait Finance House Q2 net profit up 9.4pc year on year
The transaction will create the largest banking entity in Kuwait, with assets of about $94 billion.
07/18/2019
Emirates Islamic announces H1 2019 financial results
Financing and investing receivables at AED 36.6 billion, up 1% from end 2018.
07/18/2019
Kuwait central bank approves Warba Bank’s $500mln sukuk issue
The bank should also complete remaining requirements set by regulatory authorities
07/17/2019
Emirates Islamic’s net profit at Dh673m
Strong balance-sheet gains and growth in FX income are major contributors
07/15/2019
Islamic banks in Qatar post 8.5% profit growth in 2018: QCB governor
The report treatises the outcome of business by Islamic finance institutions in the State of Qatar to avail a knowledge base for the institutions, researchers and those who are interested in Islamic finance sector of Qatar.
07/13/2019
DP World set to raise $1.3bln in bonds and sukuk
The company is also reopening an existing conventional bond, due in 2048
07/12/2019
Global Islamic Financing Market 2019 – Al Rajhi Bank, Abu Dhabi Islamic Bank, Al Baraka Banking, Dubai Islamic Bank, Emirates NBD
The report is all around created by considering its basic data in the worldwide Islamic Banking Software market, the primary elements responsible for the demand for its products and services.
07/10/2019
Bank Nizwa Cements Position as Oman’s Top Islamic Bank
Since its launch, the bank has consistently received awards year-on-year
07/10/2019
IIFM Pushes Ahead with Plan for Development of Islamic Finance
Forthcoming seminars this year are set to take place in Oman & Malaysia in September and Indonesia in November in addition to the annual IIFM Bahrain seminar in December.