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
Islamic Finance
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.
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
QIB recognised as “Best Islamic Bank in Qatar” at WUAB Awards
The Asian Banker Magazine awarded Mr. Bassel Gamal the CEO Leadership Achievement Award and the Best Managed Bank in Qatar in the period from January 2016, to December 2018.
07/09/2019
ADIB launches ADIB Direct unified digital banking platform that helps businesses cut costs
These features include customisable dashboards, a working capital view, cashflow forecasting, and trade finance management, which are accessible across all devices including a mobile app
07/07/2019
FIs need to embrace FinTech as an exciting opportunity: Al-Bahar
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
Millennials key to the future of Islamic banking
Sharia-compliant banks step up investments in digital space to cater to this demographic