09/18/2019
Asset management industry in GCC to grow steadily: Moody's
GCC investment managers had $260bln of Assets Under Management as of December last year
Islamic Finance
09/17/2019
Slow growth is new norm for Islamic Finance
Global Sukuk issuance picks up pace as Islamic banking set for low single digit growth
09/08/2019
Islamic finance contracts estimated to reach $2.5tn by end of 2019, says Qicca official
Qicca board member Sheikh Thani bin Ali bin Saud al-Thani made the statement during the ‘7th East Africa International Arbitration Conference’
09/04/2019
Dubai Islamic Bank narrows losses ahead of expansion
The fully fledged Islamic bank increased lending from Sh42 million to Sh148 million.
09/04/2019
KFH’s buyout of AUB moves a step closer
In a bourse statement yesterday, AUB said it has received reports from specialist advisers appointed to complete the due diligence on Sharia-compliant KFH, which were submitted to the AUB board for review and evaluation, without specifying when the result
09/02/2019
Warba Bank gets Kuwait CMA’s nod to issue $500mln sukuk
The issuance is part of a sukuk programme at a maximum value of $2bln
08/28/2019
ADIB introduces tablet kiosks to reduce customer service time
The digital tablets will be rolled out across ADIB’s branch network of over 70 branches in the UAE by the end of the year.
08/21/2019
ADIB UK provides Dh120m acquisition funding
Funding is provided for the acquisition of Centrica headquarters in Edinburgh
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.