03/22/2018
Arkan Bank could tap investors for $200mln through Nasdaq Dubai listing
Dubai Investments CEO says that it intends to retain a stake of 25% in new Islamic wholesale bank
Islamic Finance
03/22/2018
INTERVIEW-Newly empowered Saudi women to help drive growth at Al Rajhi Bank
Female demand for cars to lift loan opportunities, says CEO.
03/21/2018
UAE bankers see “huge demand” for Islamic trade finance, expect significant growth
While Abu Dhabi Commercial Bank is mainly focused on conventional trade, its Islamic trade flows have increased in the last two to three years, and, as a result, its Islamic trade products.
03/21/2018
Dubai Investments to establish new Islamic bank in UAE
Plans revealed to set up new Islamic bank in Dubai Dubai Investments announces plans to lead a consortium of investors to launch Arkan Bank
03/20/2018
DIEDC to collaborate with Turkmenistan bank
Partnership to strengthen synergies in Islamic finance sector
03/20/2018
Dubai Investments to launch sharia-compliant Arkan Bank
The bank plans to list its shares on NASDAQ Dubai within 12 months of its establishment.
03/19/2018
GCC’s Islamic banking penetration makes a big leap
Islamic financing asset growth to outpace conventional counterparts
03/19/2018
Islamic finance to grow faster than conventional finance
According to the Moody’s top official, Islamic banking penetration in the Gulf Cooperation Council increased to 45 per cent of the total banking market, as of September 2017 from 31 per cent in 2008.
03/19/2018
Maisarah wins 'Best Islamic Bank in Oman' Award 2017
The award was received by Ismail Jama Bait Isihaq, AGM & Chief Operating Officer of Maisarah at the awards distribution event which was held at the Shangri-La Hotel Dubai.
03/19/2018
Noor Bank Receives 'Generally Conforms' Rating From UAE Internal Auditors Association
Noor Bank was accredited following a rigorous assessment by the IAA’s assessment team, which evaluated the bank in a number of areas as per the international standards.
03/18/2018
Nasdaq Dubai Welcomes USD 1.25 Billion Sukuk Listing By Islamic Development Bank
IDB’s Sukuk support the bank’s economic and social advancement goals in line with Sharia'a principles.
03/18/2018
Dubai airline Emirates set to close $600m sukuk
The proceeds from the issuance will be used for aircraft financing and working capital
03/15/2018
Islamic financing to outpace conventional banking with sukuks
Moody's says sukuk issuances have more than doubled over past decade to $100 billion
03/15/2018
Oman- Islamic banking growth could slow in future: H E Amri
During the IFN Oman Forum, panel discussions were also organised in which delegates from various stakeholders discussed issues related to Shaira'a-compliant financial products.
03/15/2018
Islamic finance set to extend growth faster than conventional finance
The growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance markets in coming years, as demand for Shari'ah-compliant financial instruments rises, says Moody's Investors Servic
03/15/2018
Shariah compliant finance is now nearly half of GCC banking market: Moody's
Annual sukuk issuances have more than doubled to $100 billion from $42 billion from 2008 until September 2017.
03/14/2018
Dubai Islamic Bank Shines Again With Twelve Distinctive Accolades at Islamic Finance News Awards
Held at the Ritz Carlton in DIFC, Dubai, on March 11, the IFN Awards are widely respected and recognized by the global Islamic financial community.
03/13/2018
ABG, six units win top awards
Al Baraka Banking Group won Bahrain Deal of the Year Award and Regulatory Capital Deal of the year Award for its US$ 400 million Tier 1 Sukuk.
03/12/2018
KFH Wins Best Islamic Bank in Middle East, Kuwait 2017 Awards
KFH established concrete pillars for Islamic financing industry.
03/12/2018
ADIB Securities launches trading on Tadawul
New service gives GCC investors access to Tadawul