09/03/2018
Adib plans to open new branches in UAE
More than 90% of the bank’s transactions are being completed through its ATMs and digital platforms
Islamic Finance
08/31/2018
Middle East sukuk thaws as bank pair hit the road
Abu Dhabi IslamicBank and Al Hilal Bank
08/30/2018
Qatari Islamic banks grow despite regional rift -IFSB data
The tiny state’s four full-fledged Islamic banks have not been immune, although their focus on Qatar’s domestic market may have helped them to some extent, according to data from the Islamic Financial Services Board.
08/30/2018
ADGM’s aviation finance structure utilised in sukuk issuance
The transaction marks a milestone for ADGM’s aviation finance and leasing sector
08/28/2018
QIB announces 1st round of summer promotion winners
This campaign also runs until the end of September 2018 to reward a total of 12 winners and one grand prize winner.
08/28/2018
Key dates set for Abu Dhabi Islamic Bank's $272m rights issue
Each Abu Dhabi Islamic Bank shareholder will be able to subscribe to new shares from September 25 to October 9
08/22/2018
ADIB shareholders approve $272mln rights issue
Bank will also issue a 2.75billion UAE dirham sukuk, with existing Islamic bond retired
08/17/2018
Emirates Islamic offers incentive on EV financing
Customers with salaries above Dh30,000 can also benefit by getting up to 100 per cent discount on processing fees.
08/17/2018
National Bank of Bahrain in talks to increase its stake in BIB
NBB has entered into initial discussions with Islamic development bank to buy its entire stake in the Bahraini Sharia-compliant lender
08/16/2018
Increasing Islamic banking’s global linkage
Mohamed Rafique Merican, CEO, Maybank Islamic speaks exclusively with Islamic Business & Finance about his plans for the firm in the GCC and beyond.
08/15/2018
Saudi mortgage growth to aid rebound in lending at Al Rajhi Bank
Saudi Arabia’s new housing project announced in February includes an 18 billion riyal loan-guarantee programme
08/14/2018
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding’s total assets stood at $8.62billion
08/14/2018
Bahrain Islamic Bank posts net profit for First Half of 2018
An increase of 6 % compared with last year
08/14/2018
1,200 experts to gather for 25th WIBC in Bahrain
Middle East Global Advisors (MEGA), a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets, will convene the conference at the ART Rotana Hotel in Amwaj Islands.
08/10/2018
Abu Dhabi Islamic Bank hires banks for $750 million sukuk – sources
HSBC and JPMorgan have been hired as coordinators for the sukuk deal, said one of the sources, while other banks will join the transaction at a later stage.
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.
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.