03/06/2018
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
Trading will commence on the Exchange from March 29, 2018.
03/06/2018
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
The accolade recognises ADIB’s track record of delivering innovative Sharia’a compliant products.
03/04/2018
UAE continues to be a leading sukuk market.
03/04/2018
The Fund, which was launched in March 2012, distributed a 3.93% dividend to all registered unit holders.
02/27/2018
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
DIB intends to exclusively offer Shariah-compliant banking services in the country.
02/22/2018
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
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
Largest Islamic bank in the UAE celebrates the listing of a $1bn sukuk on Nasdaq Dubai
02/21/2018
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
The bank was recognised for the enhancements in customer experience made to its branch network in 2017.
02/21/2018
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
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
Black magic is condemned by Islam as blasphemous.
02/14/2018
Awards recognize KFH Group’s outstanding performances in all fields
02/14/2018
Noor Bank was named a winner of the Best Social Media Customer Experience for implementing a meticulous and well thought-out social media strategy that in addition to deploying technology focused on improving the user experience.
02/13/2018
Sukuk are a common funding tool in the Gulf, used predominantly by Islamic banks, sovereigns and sovereign-linked firms, but issuance from private companies is seen as an important step to deepen the market.
02/13/2018
The expansion of Dubai Outlet Mall will see 3mln sq ft added to the existing 1.1mln sq ft of built up area.