08/12/2025
Bank Nizwa reinforces human capital development with second NANMU program for employees
Reaffirming its resolute dedication to nurturing high-caliber talent and cultivating deep-rooted capabilities within the Islamic banking sector
Islamic Finance
08/07/2025
Dubai Islamic Bank surpasses $100b in assets on strong H1 growth
Net profit for the six months ended June stood at Dh3.7 billion, a 10% increase from a year earlier
08/06/2025
DIB Reports robust H1’25 financial results, with operating revenue of AED6.4bln driving a 16% increase in pre-tax profit to AED4.3bln
Double-digit growth in financing and customer deposits
08/04/2025
IsDB drives development across over 2 percent of world’s countries
The bank was founded through a visionary initiative led by Saudi King Faisal bin Abdulaziz
08/04/2025
Backbase, the global leader in AI-powered banking technology, today announced the recent
As a digitally focused bank, LIB set out to differentiate itself through an experience-led approach to banking.
07/30/2025
QIIB wins 2025 “Leadership Award for Sustainable Islamic Finance” in Qatar
The bank was also commended for its pioneering initiatives in developing products that are in line with the principles of sustainable Islamic finance.
07/25/2025
Amlak Finance announces early and full settlement of outstanding financing facilities
Amlak successfully made an early settlement by paying AED 898 million to the six remaining financiers
07/21/2025
S&P reaffirms ICIEC’s AA- financial strength and issuer credit rating with Stable outlook
This rating remains the highest within its peer group globally
07/09/2025
Dubai Islamic Bank arranges $1bln sovereign financing for Government of Pakistan
The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB) — marking the first PBG transaction of its kind undertaken by ADB for the country.
07/09/2025
Sukuk issuances: AAOIFI unlikely to implement Standard 62 this year
The world of Islamic capital markets is anxiously awaiting the final version of Standard 62, which in its draft exposure emphasised ownership transfer of assets and asked for detailed treatment on hybrid sukuk as well as Tier-1 and Tier-2 capital sukuk
07/02/2025
New Milestone for Al Baraka Bank Egypt: Four prestigious awards from EMEA Finance Cement its leadership in Islamic Finance
The diversity of awards highlights the bank’s excellence in structured and syndicated finance and Asset Based Securitisation
06/24/2025
BIBF launches a new series of professional micro-credentials in Islamic finance
Supporting Bahrain’s position as a leading hub for Islamic banking
06/19/2025
ADIB participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation
Initiative enforces a midday work ban to safeguard labourers during peak heat hours
06/16/2025
Leonteq partners with Emirates Islamic on Shari’a products
Swiss fintech firm Leonteq teams up with UAE’s Emirates Islamic to deliver bespoke Shari’a-compliant structured products.
06/11/2025
Islamic finance assets up 4.1% in 2024, reaching QR683bn
Islamic finance assets in the State of Qatar experienced a 4.1 percent growth in 2024, reaching QR683bn ($187bn).
06/10/2025
Emirates Islamic to delist from DFM on June 10
EIB has instructed DFM to suspend trading of its shares
06/09/2025
Saudi National Bank issues 5-year riyal sukuk worth $461mln at 6%
The 5-year perpetual sukuk will be used to boost its capital
06/06/2025
Dubai Islamic Bank launches third cohort of Emirati Development Program
The bank has over 10,000 staff working across offices and branches across the UAE.
06/04/2025
QIB Named Islamic Bank of the Year in the Middle East by The Banker
The award comes as QIB continues to strengthen its position as one of the most efficient and digitally advanced Islamic banks in the region
06/03/2025
Qatar Islamic Bank mandates for USD 5-year sukuk
The sukuk will be issued by QIB Sukuk Ltd. under the $5bln trust certificate issuance programme