08/09/2023
Qatar's Islamic insurance sector GCC's 'most profitable' market in 2022: S&P
Aggregate post-tax earnings in of GCC Islamic insurers improved by almost 70% in 2022 when compared with 2021
Islamic Finance
08/07/2023
aiBANK presents aiPremier Elite for high-net-worth individual clients
To further enhance the banking experience, aiPremier Elite will allow clients to open an account and issue checkbooks at no additional expenses, allowing them to manage their finances with ease.
08/04/2023
Sukuk pricing remains similar to bonds in H1 2023
Sukuk and bonds had a high pricing correlation of 0.95 (out of 1) on average and low average spreads between 2018 and H1 2023
08/02/2023
Daily returns with ‘Wafra Plus’ account from ahlibank
Offers many benefits such as competitive rates, debit cards, and more
07/26/2023
Dubai Islamic Bank reports Q2 2023 profit of $436mln
Impairments came in 13% lower
07/26/2023
ADIB rings market-opening bell to mark the listing of $750mln AT1 Sukuk on London Stock Exchange main market
The market opening ceremony was graced by a senior representative from the UAE Embassy in the UK, along with senior representatives from ADIB, and other distinguished guests including ADIB’s Group Chief Executive Officer, Nasser Al Awadhi
07/18/2023
ADIB launches UAE’s first long-term, fixed-rate home finance
The new offering provides customers with more property financing options amid a high-rate environment
06/26/2023
KFH - Bahrain announces successful participation at The Ministry of Housing and Urban Planning Finance Exhibition 2023
Highlighted its commitment to providing financial solutions to consumers seeking new social housing finance facilities
06/21/2023
Bank Nizwa takes the lead in promoting Islamic banking principles in Buraimi
Participants had the opportunity to learn about the fundamental principles of Islamic finance, its key features and its role in promoting economic stability and social welfare
06/20/2023
Islamic banks' assets up to $177bln by end of March 2023: CBUAE
The apex bank's statistics reflect an increase in Islamic banks' credit
06/19/2023
IsDB Institute co-organizes Islamic Finance Seminar in Kazakhstan
As part of the official program of the Astana Finance Days 2023
06/19/2023
Sharjah Chamber of Commerce and Industry highlights half-year achievements and future plans
SCCI’s board of directors discusses H1 achievements and calls for enhanced future foresight and technollogical adoption
06/07/2023
Emirates Islamic and Arab payment system Buna partner to facilitate payments and transfers within the Arab region
In line with the bank’s commitment to drive innovation in the Islamic banking sector
06/07/2023
QIB wins ‘Best Islamic Bank’ from Euromoney
"We are pleased to be recognized with this esteemed award in Islamic finance by the Euromoney Magazine."
05/31/2023
Sharjah Chamber of Commerce continues trade mission in India, highlighting Sharjah’s promising investment opportunities
SCCI delegation holds meeting with Federation of Indian Export Organisation
05/29/2023
Ahlibank rewards top performers in retail banking for Q1 achievements
As a follow-up to the recent announcement of its first quarter financial results
05/24/2023
Banking sector is central in supporting development
He said that inflation in the current situation is imported inflation, meaning that its external causes are due to global geopolitical and economic factors.
05/22/2023
Total assets of Islamic banks and windows rise by 10%
The total balance of financing granted by the Sharia-compliant banking entities in Oman engaged in this activity increased by 13.4 percent to reach about OMR5.6 billion.
05/19/2023
Islamic banking growth outpaces conventional banks in the UAE
Sector's liquidity supported by wider availability of Islamic instruments compared to most other countries, Fitch Ratings says
05/16/2023
Saudi Arabia selling two-tranche dollar sukuk
The world’s top oil exporter last tapped the public debt markets in January, raising $10 billion with three-tranche conventional bonds.