04/12/2022
Emirates Islamic launches Emarati Business Account to support UAE national companies
The account can be opened within a period of 24 hours
Islamic Finance
04/11/2022
Qatar's QIC, QInvest to create Islamic asset management company
The new company, jointly owned by QIC and QInvest, will be a Sharia‘a compliant entity, regulated by Qatar Financial Centre Regulatory Authority
04/08/2022
Qatar takes part in Arab Monetary Fund, Arab Finance Ministers Council meetings
Minister of Finance H E Ali bin Ahmed Al Kuwari participated in the opening session of the Arab Monetary Fund’s Joint annual meetings of financial authorities, and the 13th meeting of the Arab Finance Ministers Council.
04/08/2022
ADIB postpones instalments for finance customers during Ramadan 2022
Launches many social initiatives
04/07/2022
The top 15 companies to work for in the UAE, according to LinkedIn
Chalhoub Group, Mubadala Investment Company, Mediclinic, HSBC and Aster DM Healthcare round out the top 5 list
04/07/2022
Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021
Looking at the structure of financing provided by the Saudi Islamic banks, Murabaha reached SR779 billion at the end of 2021.
04/05/2022
Al Rajhi Bank - Jordan signs with ICSFS
"We are proud to be chosen by Al Rajhi Bank - Jordan as their strategic technology partner.
03/31/2022
The Islamic finance industry has been bracing for a new world since COVID-19
Support measures by regulators in the leading Islamic finance markets allowed financial institutions to mitigate any issues they have faced and helped them ease their financial conditions.
03/31/2022
Saudi Arabia regains position as global leader in sukuk, Islamic financing: Bloomberg
Additionally, the UAE rounded out the top 3 places with around $14 billion in total issuances.
03/31/2022
Dubai Islamic Bank, PMRC join hands to promote housing finance
"The Bank holds a significant share in mortgage finance market and this collaboration, will further strengthen our role in this sector”.
03/30/2022
Over $400bln required to bridge ‘digital divide’: Saudi-based ISDB chairman
Official calls on governments to help address huge disparities in internet access
03/30/2022
QIB named ‘Most Efficient Bank in Middle East and Africa’ in 2021
QIB’s latest results affirmed its position as one of the leading banks in the region.
03/29/2022
Muzn Islamic Banking records 24% rise in net profit
With a focus on innovation and digital banking, its 2021 strategy included several new product launches such as the DM Personal Finance and the investment referral program
03/29/2022
Sharjah Islamic Bank wins the Dubai Service Excellence Program award
The scheme honours the extraordinary efforts and commitment to adopting best practices and achieving excellence locally and regionally.
03/29/2022
Sharjah markets 8-year Islamic bonds
Sharjah's initial price guidance was between 155 and 160 basis points (bps) over seven-year U.S. Treasuries for the sukuk
03/27/2022
Oman’s Islamic banking growth to continue despite challenges
Surging public demand and low-base effect propelled the growth.
03/27/2022
QIB launches “Flexi CD”, its new flexible certificate of deposits
In addition to offering better expected profit rates, QIB’s new Flexi CD offers customers more flexibility and control
03/25/2022
Rising public demand set to drive Islamic banks growth: Bahrain
Islamic banks’ total assets expanded by 8.1pc in 2021, at a faster pace than conventional banks’ total asset growth of 4.2pc.
03/24/2022
Abu Dhabi Islamic Bank provides $61 million in financing for green-certified projects in Saudi Arabia
In collaboration with MUFG, Alimna Bank, Riyad Bank, and Siemens Bank, $480 million of green finance has been allocated for three independent sewage treatment plants (ISTP) in Saudi Arabia
03/23/2022
Oman’s Islamic Banking on Positive Trajectory
Key structural challenges persist mainly due to the sector’s recent inception in Oman