12/31/2018
Sharjah enhances offer for Invest Bank, shareholders to vote on January 8
UAE Central Bank asked Invest Bank to book provisions worth Dh2.199b
Islamic Finance
12/26/2018
GCC Islamic banks show stronger growth than conventional peers: Fitch Ratings
About 89% of IDRs are driven by potential sovereign support either directly or via a parent.
12/26/2018
Islamic finance hubs in GCC, Southeast Asia come closer
In the banking industry alone, Malaysia targets to reach 40% Shariah-compliant banking assets as share of overall banking assets by 2020
12/26/2018
Bank Nizwa named Strongest Islamic Retail Bank in Oman
Renowned for its Shari'a-compliant products and services catering to retail customers
12/24/2018
Qatar partners Malaysia, Turkey to conquer Islamic finance market
Gas-rich Gulf state aims to escape blockade by diversifying economy
12/24/2018
Abu Dhabi's bank merger to result in 1,000 job cuts
Talks among Abu Dhabi Commercial Bank, Union National Bank and privately-held Al Hilal Bank are at an advanced stage.
12/21/2018
Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes
Al Rajhi Bank faces the largest pay back, Alinma in credit
12/18/2018
UAE lenders unaffected by troubles at Sharjah’s Invest Bank
The loss-making Sharjah bank has been hit by exposure to the UAE’s troubled real estate and construction markets.
12/17/2018
Standardisation critical for Islamic finance’s success
But without proper standardisation globally, and adequate volume of cross-border business, Islamic finance cannot take the next step, which is globalisation
12/17/2018
Bank of Sharjah celebrates 45 years of achievements
As a legacy Bank dedicated to being completely customer-centric in its approach, Bank of Sharjah is proud of its achievements
12/17/2018
Alizz Islamic Bank Wins Award for 'Best Arabian Management Team'
The award seeks to encourage prominent Arabs at various levels and motivate them to pay more attention to community issues and lead with positive influence.
12/17/2018
Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Sources say the sale of Islamic bonds by Dubai Investments Park Development could raise about $500m
12/13/2018
Malaysia's MIDF said to mull merger with Saudi's Al Rajhi
Sources say Malaysian Industrial Development Finance is seeking Saudi bank ties to become universal Islamic bank
12/12/2018
Saudi banks close to deal with authorities on Islamic tax: sources
The previous calculation by the General Authority of Zakat and Tax (GAZT) was based on 2.5 percent of a bank's equity, with adjustments.
12/12/2018
Liquidity squeeze hits sukuk sector
US interest rate rises and the end of the Federal Reserve’s quantitative easing program have lessened dollar availability
12/10/2018
Dubai Islamic Bank triumphs at Islamic Banking Business and Finance Awards 2018
The awards distinguish and endorse institutions and individuals who have played a key role in nurturing the growth and expansion of the Islamic financial sector around the globe.
12/10/2018
National Bank of Fujairah Awarded 'Best Islamic Window – UAE' at the Islamic Business and Finance Awards 2018
NBF highlighted once again its premier Islamic banking offerings in the UAE
12/10/2018
Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018
The awards distinguish and endorse institutions and individuals who have played a key role in nurturing the growth and expansion of the Islamic financial sector around the globe.
12/07/2018
Fitch forecasts ‘stable’ outlook for GCC Islamic banks in 2019
Government issuance and subsequent liquidity injections in the banking systems will continue to support solid liquidity in the region
12/06/2018
Saudi Arabia’s ICD Bank Announces Blockchain Powered Islamic Banking Solutions
ICD is a branch of Islamic Development Bank Group which claim that the product penned with IFTS is solely designed to attempt liquidity management issues.