09/26/2018
Global Finance names KFH the safest Islamic bank in GCC 2018
Recognition reiterates KFH’s robust position as a leading Islamic bank
Islamic Finance
09/24/2018
'Oman's Islamic banks see remarkable growth'
The deposits with the Islamic banking sector also increased from OMR2.385 billion in March 2017 to OMR3.158 billion at the end of March 2018, a growth of 32.4 per cent.
09/21/2018
QIB wins two awards at 7th New Age Banking Summit
QIB Group Chief Risk officer Rakesh Sanghvi participated as a panellist and shared his expertise and knowledge on the banking industry and the evolving financial ecosystem in the digital age.
09/21/2018
Meethaq Marks 5 Year Partnership in Development of Oman's Economy
Meethaq maintains the leadership position in the Islamic banking industry in Oman
09/20/2018
Al Hilal Bank Successfully Closes Landmark $500 Million Sukuk
The management team, led by CEO, Alex Coelho, met with over 90 institutional investors in London, Hong Kong, Singapore, Kuala Lumpur, Kuwait, Abu Dhabi and Dubai prior to placing the Sukuk.
09/20/2018
QIIB bags ‘Best Bank in Qatar Award in Liquidity’
Al-Jamal pointed out that in the past few years, QIIB made continual leaps in most of its budget items and has achieved stable growth rates.
09/19/2018
Abu Dhabi Islamic Bank aims to boost lending after capital increase
Sharia-compliant lender is studying another capital increase in 2019, acting CEO Al Shamsi says
09/16/2018
ADIB raises $750 million in UAE’s first tier-one perpetual Sukuk
The Sukuk is compliant with Basel III regulatory framework issued by the Central Bank of the UAE.
09/16/2018
Islamic banks face outdated property rules: industry body
Treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules
09/16/2018
Oman's islamic banking Assets jump
Islamic banks and windows provided total financing of RO3.32bn till the end of June 2018 compared to RO2.75bn a year ago, registering a growth of more than 20 per cent.
09/16/2018
UAE Higher Sharia Authority held a consultation meeting with members of the Internal Sharia Control Committees
Consultation meeting to exchange views on various issues that concern Sharia compliance and Sharia governance.
09/13/2018
Bahraini lender eyes piece of Kenya’s Islamic banking
The lender will be following in the footsteps of fellow Middle Eastern banker, Dubai Islamic Bank.
09/12/2018
Abu Dhabi Islamic Bank sets initial price guidance for perpetual sukuk
Abu Dhabi Islamic Bank, HSBC and JPMorgan are coordinating the deal.
09/11/2018
Burgan Bank can take advantage of new business opportunities with capital increase
Last Tuesday, Kuwait's Burgan Bank K.P.S.C. provided details on a capital increase after receiving approvals from the Central Bank of Kuwait and the local Capital Markets Authority.
09/10/2018
ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors
The Framework Agreement Initially signed on 30th January 2018
09/09/2018
Bahrain Islamic Bank wins Most Innovative Islamic Bank for 2018
Amidst International Finance Magazine International Award Winners
09/05/2018
Kuwait’s Warba Bank obtains capital increase approval from CMA
The share capital increase will be allocated to the bank’s shareholders each pro rata shareholding percentage.
09/05/2018
Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike
The GCC also dragged down total global issuance which fell by 12 percent to reach $55 billion in the first six months of the year.
09/04/2018
Bahrain Islamic Bank inks Fontana Project finance deal
“Both Bahraini nationals and residents working in the Kingdom will have the advantage of paying only 5% for their residential unit of choice,” he noted.
09/04/2018
Bahrain Islamic Bank Announces Its Partnership With Royal Ambassador Property Management
"This agreement will open doors for Bahrainis, GCC nationals and foreigners who want to own our projects, but liquidity has been an issue in the past."