11/04/2019
Al Baraka Banking Group's net income reaches $132million in the first nine months of 2019
Total assets increased to exceed $25bln at the end of September 2019 compared to end of December 2018.
Islamic Finance
11/01/2019
Islamic finance entrepreneurs eye new frontiers
The board said geopolitical and economic trends were partially behind the slower pace of expansion.
10/30/2019
Islamic finance institutions need to rethink roles in current times, says Bank Rakyat
iSHAR is co-organised by Bank Rakyat and International Shari'ah Research Academy for Islamic Finance.
10/24/2019
QIB hosts ceremony to award grand prize winners of Cards Summer Campaign
During the ceremony, QIB awarded two Visa card Grand Prize winners, Mohamed al-Asiry and Saoud Saif al-Azab, with a brand-new Lexus LX570.
10/22/2019
Alizz Islamic Bank to organise Supply Chain Conference
Oman Economic Review Supply Chain Conference, presented by Alizz Islamic Bank, will be held on October 23 at the Grand Millennium, Muscat
10/22/2019
Saudi Arabia said to plan $2.5bn sukuk issuance
Source says world's biggest oil exporter is seeking to take advantage of borrowing costs that are around the lowest in four years
10/21/2019
KFH wins ‘World’s Best Islamic Financial Institution 2019’ award
All selections were made by the highly professional team of Global Finance, after extensive consultations with bankers, corporate finance executives and analysts throughout the world.
10/18/2019
Qatar Islamic banks looking at overseas expansion: Fitch
The average impaired financing ratio was significantly lower for Islamic banks compared with their conventional peers at end of H1, 2019.
10/16/2019
DIB’s 9-month net profit crosses Dh4 billion
Total income surpasses Dh10.25 billion, up by 20 per cent year on year
10/16/2019
DIFC posts 45% solid growth in Islamic assets in 12 months
Islamic finance has been growing at 1.5 times the rate of traditional finance
10/16/2019
Saudi Arabia ranks third for competitiveness in MENA
King Salman's Vision 2030 and the economic and social reforms that the Kingdom has implemented in the last few years have had monumental effects on the market
10/11/2019
BisB Participates in FinTech Workshops Abroad
During the Workshops, Ms. Shunnar introduced the Bank’s latest digital innovations and technologically-empowered financial solutions
10/10/2019
International Islamic Liquidity Management Corporation reissues $500mln sukuk
Reissuance consisted of $200 million with 3-week tenor and $300 million with 3-month tenor at a profit rate of 2% each
10/09/2019
NBB push to comply with data protection law
Under the PDPL, organisations are required to obtain the consent of their customers to continue to communicate with them .
10/09/2019
Global Islamic Financing Market 2019: Abu Dhabi Islamic Bank, Al Baraka Banking and Al Rajhi Bank
The key Islamic Financing market trends which have led to the development of Islamic Financing will drive useful market insights.
10/04/2019
1,000 Islamic finance experts to take part in Bahrain forum
The largest and most prestigious gathering of Islamic banking and finance leaders is the flagship offering of Middle East Global Advisors.
09/29/2019
Saudi Arabia's Samba issues $1bln international notes
The maturity date of the issuance is in five years, generating a 2.865 percent annual yield
09/29/2019
Higher Shari’ah Authority for financial and banking activities in the UAE held its sixth meeting
HSA reviewed the preliminary draft of the operational requirements of the Murabaha Shari’ah standard
09/26/2019
Emirates Islamic becomes UAE's first Islamic bank to offer dynamic currency conversion for visa card
Non-UAE Visa cardholders will now be able to view the exact conversion amount and fees in their home currency before making a cash withdrawal.
09/23/2019
Bank Nizwa recognized for human capital development and community wellbeing
The bank scooped the GIFA Human Capital Development Award after showcasing strong emphasis on performance management and talent retention.