04/15/2018
Bank Muscat posts preliminary $116.3mln net profit
The bank’s net interest income from conventional banking and income from Islamic financing stood at $186.5mln
Islamic Finance
04/13/2018
Gulf Bank marks 10th anniversary
The growth in the balance sheet size, the lender said in a statement, was driven by the growth in customer deposits and additional long-term funding received for financing Small and Medium Enterprises.
04/12/2018
Moody’s: GCC Islamic banks to maintain improved asset quality
Their solvency has improved, supported by their efforts to reduce the stock of problem loans, and by their sound profitability.
04/11/2018
Director General of Insurance Authority (IA) inaugurates world’s largest Takaful forum
Renowned Industry Regulator H.E. Ebrahim Obaid Al-Zaabi, Director General, Insurance Authority (IA) delivered the inaugural address at the conference
04/11/2018
Islamic finance embracing small, medium enterprises
There is an ongoing trend in countries with Islamic finance ecosystems of discovering the importance of small and medium enterprises for economic well-being and growth.
04/10/2018
La Française looks to build range of Islamic investment products
La Française, majority owned by Credit Mutuel Nord Europe, held 66 billion euros in assets under management at the end of December.
04/10/2018
Global Finance names QIB ‘Best Islamic Financial Institution’
QIB was recogniSed by Global Finance after detailed assessments from international bankers, corporate finance executives, financial analysts and consultants.
04/06/2018
Islamic finance embraces fintech
Across the globe, fintech sandboxes instigated by regulatory bodies have helped bring new players into regulatory scope while making regulators aware of growing trends within the industry.
04/05/2018
Liquidity Provisioning Service Expands at ADX
This is the second liquidity provision agreement hosted by ADX since last year.
04/04/2018
The rise of Muslim Millennials and what it means for Islamic finance
It caused partially fundamental changes in their lifestyles and political believes and transformed social coherence among young people, while it also brought rising unemployment which caused social researchers to assume that possible long-term economic an
04/04/2018
ADIB's Etihad Guest VISA Gold named Best Premium Islamic Card at Banker ME Awards 2018
New joiners of the card will receive a welcome bonus of 35,000 Etihad Guest Miles.
04/04/2018
Emirates Islamic offers personal finance up to 20 times customers' monthly salary
Customers can avail personal finance up to 20 times their salary during a special promotion valid until 8 May, 2018.
04/03/2018
Qatar central bank to issue about as much riyal debt in 2018 as in 2017
Qatar's central bank plans to issue roughly the same amount of riyal debt in 2018 as it did in 2017, when it issued $13bln, including 18.5bln riyals of bonds and sukuk
04/03/2018
Qatar central bank backs three-way Islamic bank merger
Masraf Al Rayan, Barwa Bank and International Bank of Qatar have been discussing a merger, though they missed an end-2017 target date to complete the proposed deal
04/03/2018
Islamic Development Bank launches USD 500 million "innovation fund"
These entrepreneurs will also benefit from the abovementioned fund.
04/02/2018
Dubai’s Damac said to hire Barclays, HSBC for possible sukuk
The developer, which has two golf-course development deals with U.S. President Donald Trump’s family company, in February reported full-year net income that missed the lowest analyst estimate.
03/31/2018
Dubai Land Department Signs an e-Mortgage Agreement with Dubai Islamic Bank
The agreement aims to save customers both time and effort by integrating DLD and DIB services.
03/28/2018
World Finance Islamic Finance Awards 2018
After a successful 2017, the Islamic finance sector looks set to encounter significant challenges this year. Those flourishing have mastered the ability of finding growth opportunities in new markets despite this uncertain landscape
03/28/2018
Bahrain markets sukuk, not proceeding with conventional bond
The kingdom started meeting investors last week ahead of its planned international debt issuance
03/27/2018
Albaraka Turk says aims to double assets in the next five years
Albaraka Turk is a subsidiary of Bahrain-based Al Baraka Banking Group.