08/10/2018
Bank Aljazira renews two insurance deals with Aljazira Takaful
The personal finance portfolio coverage contract is valued at SAR 15.64 million while the mortgage coverage contract is valued at SAR 17.53 million.
Islamic Finance
08/09/2018
Al Baraka to offer Islamic Banking know-how in new geographies
Signs MoU with Kyrgyzstan's BTA Bank
08/08/2018
Common Shariah norms for Islamic finance still remain a tricky issue
It is also a matter of competition towards the conventional industry which is much more streamlined and globally interconnected.
08/06/2018
Islamic banks' assets rise to AED 565 billion in H1 2018
The noticeable growth in Shari'ah-compliant financial operations in the country mirror the significant development of this kind of banking products.
08/02/2018
Bank ABC Islamic profit hits $15.6m
ABC Islamic Bank’s total assets stood at $1.749 billion as of June 30, 2018 compared with $1.559bn at 2017 year-end.
08/01/2018
Al Hilal Bank partners with Abu Dhabi Global Market to promote Islamic finance
The MOU provides an official platform for both Al Hilal Bank and ADGM to share and exchange key knowledge exchange
08/01/2018
GCC bonds, sukuk issuance rises 10%
The report highlighted the trends followed by bonds and sukuk issuances in the GCC region during the first half of 2018.
07/31/2018
Murabaha Capital ropes in SRB as Islamic advisor
Its capabilities span the entire Sharia compliance value chain with holistic Sharia advisory solutions, and product assessment customized to the needs of the financial institutions it serves, it added.
07/27/2018
Emirates NBD in talks to roll over $1.7bn loan
The 2016 loan, due in June 2019, saw the participation of 19 banks
07/27/2018
Al Rajhi Bank Q2 profit climbs 17.7%
Saudi Arabia’s biggest bank by market value missed analysts' forecasts
07/27/2018
ADIB plans a Dh1.16bn rights issue and tapping the sukuk market
The lender plans to maintain growth and pay off old debt
07/25/2018
Trade Bank of Iraq plans to open its first branch in Riyadh
Since the Saudi Arabian Monetary Agency (SAMA) approved its commercial banking license, TBI’s board of directors have expressed plans to expand in Turkey, strengthening its market presence across the region.
07/25/2018
Kuwait International Bank reports net profits for 1H 2018
Net Profit up by 10%
07/24/2018
Kuwait Finance House reports 19% rise in second quarter profit
The Islamic lender is considering a merger with Bahrain's Ahi United Bank
07/23/2018
Dubai Islamic Bank partners with Emirates Skywards
DIB expects this card to add more value to its frequent travelling customers
07/19/2018
Dubai Islamic Bank Group 1st Half 2018 Financial Results
Earnings growth driven by strong increase in income from core businesses
07/18/2018
New products, standards buoy Islamic trade finance business
Some firms are now introducing digital Islamic trade finance platforms, including Emirates Islamic Bank which has launched an online supply chain tool, CIBAFI said.
07/17/2018
KFH, Bahrain's Ahli United Bank mull possible merger
KFH said that it would provide further updates on the matter in due course.
07/16/2018
Sharjah Islamic Bank’s net profit up 4% in first half 2018
Bank’s net operating income up 9.2% to Dh524.2m
07/16/2018
Qatar Islamic Bank Q2 net profit rises, beats estimates
The bank is the second major Qatari lender to report earnings this quarter after Qatar National Bank, which reported a 6.3 percent gain in second-quarter profit.