03/11/2018
Sharjah issues USD 1 billion sukuks
The operation success, moreover, reflects the abundant financial resources and the lucrative investment environment, enjoyed by the emirate.
Islamic Finance
03/08/2018
QIB launches new mobile app; revamps IR section on website
The new QIB app includes interactive financial screens enabling investors to see QIB’s historical share price and results while providing comparison with peers.
03/08/2018
Saudi Dar Al Arkan Real Estate hires banks ahead of 5-year dollar sukuk deal
If the deal goes ahead, Dar Al Arkan will be the first Saudi company to issue an international bond this year.
03/08/2018
Meethaq elevates mobile banking service with innovative features
The innovative features include tap & pay which is first of its kind in Oman, eCommerce where Meethaq is the first bank in the Middle East to offer this services
03/06/2018
Indonesia issues two Islamic bonds on Nasdaq Dubai
Listed Islamic bonds on Dubai exchanges were also revealed to have arrived at an overall worth of USD56.47 billion, marking it as the most internationally major regulated trading platform for sukuk.
03/06/2018
GCC’s first Shariah-compliant gold product launched
Trading will commence on the Exchange from March 29, 2018.
03/06/2018
QIB aims to attract Qatari talent to bank
The career fair provides an opportunity for the bank’s human resources to meet with students and alumni for four days and introduce them to Islamic banking activities and the jobs the bank offers.
03/06/2018
ADIB wins Best Islamic Bank in the UAE at EMEA Finance Awards
The accolade recognises ADIB’s track record of delivering innovative Sharia’a compliant products.
03/04/2018
Dubai Islamic Bank wins Best Sukuk House at EMEA Finance Middle East Banking Awards for second consecutive year
UAE continues to be a leading sukuk market.
03/04/2018
Al Hilal Global Sukuk Fund delivers 3.93% dividend
The Fund, which was launched in March 2012, distributed a 3.93% dividend to all registered unit holders.
02/27/2018
Ibdar bank reports profits
Looking ahead, Sadeq said that the bank will continue to enhance its operating profitability in 2018 by “building on Ibdar’s track record and execution platform.”
02/25/2018
Dubai Islamic Bank Kenya head-hunts for senior managers
DIB intends to exclusively offer Shariah-compliant banking services in the country.
02/22/2018
New Islamic economy products unveiled in Dubai
The first product launched was the ‘Exchangeable Sukuk’, which has been created to mobilize resources using Sukuk that are tradable and don’t require the utilization of bank assets.
02/22/2018
Jump in Islamic tax liabilities worries Saudi banks
In the last couple of weeks, several major banks have disclosed that the government’s General Authority of Zakat and Tax is seeking additional zakat payments from them for years going back as far as 2002.
02/22/2018
Dubai Islamic Bank boosts emirate's sukuk listings to over $53bn
Largest Islamic bank in the UAE celebrates the listing of a $1bn sukuk on Nasdaq Dubai
02/21/2018
Al Baraka Banking Group receives international awards
The winning of these awards by ABG and its four subsidiary banking units for the fifth successive year was announced in a final result statement by the Magazine’s Award Committee.
02/21/2018
Emirates Islamic wins ‘most improved branches’ award
The bank was recognised for the enhancements in customer experience made to its branch network in 2017.
02/21/2018
QIB gets nod to raise limit of its sukuk plan to $4bn
The general assembly also approved the board’s recommendation to increase in percentage ownership of non-Qataris in QIB’s capital from 25% to 49%, as well as the distribution of 50% cash dividends at QR5 per share.
02/20/2018
Maisarah sets up sukuk programme
The first tranche of the sukuk Al Wakalah with a size of OMR50 million has been successfully closed by way of private placement.
02/16/2018
The 'black magic' bank heist
Black magic is condemned by Islam as blasphemous.