03/08/2021
Saudis dominate Forbes Middle East’s 2021 list of top CEOs
SABIC’s Yousef Abdullah Al-Benyan, Kuwait Petroleum Corporation’s Hashem Hashem and Sonatrach’s Toufik Hakkar were also in the top 10.
Islamic Finance
03/05/2021
Al Salam Bank Bahrain waives financing fees for vaccinated customers
Customers will also be able to take advantage of the special financing offer ending on May 15th 2021
03/03/2021
Gulf Islamic Investments announces €250 Million acquisition of state-of-the-art office towers in Paris
-Gulf Islamic Investments acquires Altaïs Towers for approximately $300 million; the firm's largest transaction to date
03/02/2021
ADIB-Egypt looks back on success in 2020 with unprecedented 10 awards
Global recognition awarded for ADIB-Egypt’s services, initiatives, innovation and customer excellence
03/01/2021
KFH Bahrain receives STP Award from J.P. Morgan
The bank has achieved excellent performance and successfully implemented fully automated processes for money transfers
02/28/2021
Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021
Bank mergers and consumer demand support Islamic financing assets growth in GCC
02/26/2021
Qatar Islamic Insurance Group, SAP Sign Digital Transformation Partnership
The formal contract for a period of three years was signed by QIIG Group President and CEO, Ali Ibrahim Al Abdulghani and Khalid Mannai, Vice Chairman, Executive Committee of Mannai Corporation.
02/25/2021
Sohar Islamic completes issuance of Takaful Oman's perpetual sukuk
As the issue managers and financial adviser, Sohar Islamic played a pivotal role in ensuring the successful issuance and completion of the entire activity.
02/24/2021
Islamic finance to continue rising in 2021: Moody's
Supportive government policies to drive growth in Islamic banking, sukuk, takaful
02/23/2021
Al Baraka Islamic bank announces financial results for the year ended 31 December 2020
Simultaneously, the Bank incorporated provisions against identified and expected losses, aligned with our approved policies, and added BD 8 million (2019: BD 6.55 million) as allowance for impairment during the financial year 2020
02/19/2021
HSBC completes its Islamic trade facility in MENAT with QIB
This transaction signals a strong start to the year.”
02/17/2021
Dubai Islamic Bank’s net profit drops 38% in 2020 due to increased provisions
Total revenues were AED13.14 billion, compared to AED13.68 billion over the same period the previous year, according to figures.
02/16/2021
Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector and Islamic Development Bank
ICD is offering its expertise in implementation of R2 “Restore Program” COVID-19 Support in the area of Line of Finance transactions
02/15/2021
HSBC completes first Islamic trade facility in Menat at $100m with QIB
The fact that this transaction was first completed in Qatar demonstrates that the country has a number of market leading internationally recognised Islamic financial institutions
02/15/2021
Abu Dhabi Islamic Bank posts strong recovery in H2
ADIB demonstrated balance sheet strength ending the year with solid liquidity, funding, and capital ratios.
02/15/2021
Takaful market projected to grow $44bn by 2024
He added that Group Insurance scheme is a plan under which persons are collectively insured as members of a group and not as individuals.
02/15/2021
Why millennials are likely to drive growth in global Islamic finance
Young Muslims want to know that their money is doing good in the world, says Islamic finance expert
02/12/2021
KIB reported KD 64 million operating income for EOY 2020
Growth in assets by 4%
02/11/2021
Saudi's Halwani Bros signs Islamic financing deals worth $37.3mln
Al Rajhi Bank facilitates financing to meet working capital requirements of the Saudi-based food manufacturer
02/10/2021
Bahrain will continue on development path: minister
Ministry of Finance and National Economy is moving forward to implement all its plans and initiatives