03/31/2020
Abu Dhabi Islamic Bank's shareholders approve increase in foreign ownership limit
Shareholders also approve a dividend of 27.38 fils a share for 2019
Islamic Finance
03/31/2020
Moody's - GCC and Malaysia to drive Islamic finance growth
Saudi Arabia will remain the world's largest Islamic banking market, while the sector will continue to expand rapidly in Malaysia.
03/24/2020
Khalifa Foundation receives donation from Dubai Islamic Bank
Al Khouri stressed that the foundation aims to strengthen its partnerships with government authorities, banks, companies, key sponsors and strategic partners to help mitigate the impact of the pandemic.
03/20/2020
Al Salam bank AGM approves dividend distribution of 8% of paid up capital
The dividend distribution comprises of 4% cash dividends equating to BD 8.863 million and 4% bonus shares equating to 88.634 million shares (one share for each 25 shares in ASBB).
03/17/2020
Bank Nizwa Discusses Growth of Islamic Finace With Local Treasury Dealers and Financial Institutions
Moreover, Islamic banking in Oman has shown robust growth with Islamic banking entities providing financing to a record of RO 4 billion by the end of 2019, a growth of 11%.
03/16/2020
Al Wifaq International Islamic Bank selects ICSFS core banking package
The selection process took six months, where ICSFS showcased the most agile software application, embracing high security and scalability, dynamic product building, unified solutions with smooth processes across business lines and a wide range of digital
03/09/2020
Emirates Islamic enhances digital leadership by launching the first branch with Interactive Teller Machines
Interactive teller machine offers extended branch hours, enhanced services with a human touch
03/05/2020
ADIB launches new forex digital platform
ADIB has launched a new platform named ADIB Direct eFX to enable customers to get better online foreign exchange rates for international transfers
03/03/2020
Turkey to issue gold-backed bond, sukuk
The bond and sukuk will have a six-month periodic rent rate of 0.5%.
03/02/2020
UAE's Gulf Islamic Investments buys New York office building
Firm exploring similar opportunities in Paris
02/21/2020
Islamic Development Bank sells $2bln five-year sukuk - document
The bank, which had began marketing the notes at the high-40s bps over mid-swaps on Tuesday
02/20/2020
Bank ABC Islamic announces 16.5% increase in 2019 year-end net profit to US$37.3 million
The total operating income as well as net profitability has seen double digit growth as compared to 2018.
02/19/2020
Islamic Development Bank trims price guidance for 5-year sukuk - document
The bank, which had began marketing the notes at the high-40s bps over mid-swaps on Tuesday
02/17/2020
Saudi Dar Al-Arkan seeks investors ahead of sukuk offering
A seven-year, US dollar fixed-rate benchmark senior unsecured sukuk offering will follow, subject to market conditions, it said.
02/17/2020
Trade Bank of Iraq posts net profit of $556 million for 2019
The total assets of TBI grew to $29 billion in 2019 thereby recording an increase of 27 percent as compared to 2018.
02/17/2020
Boubyan Bank's Sukuk oversubscribed by more than 6 fold, amounting to USD 4.6 Billion approximately
Issued with the Lowest Profit Rate for a Global Sukuk Issuance from Kuwait
02/17/2020
QIB’s ‘How Money Works’ program reaches 344 students in 2019/2020 academic year
In September 2019, QIB and Injaz Qatar kicked off the second academic year of the 3-year program, which this year targets 400 students from universities
02/13/2020
Riyad Bank hires banks for dollar sukuk issue
The potential debt sale’s purpose is to diversify sources of finance and strengthen the bank’s capital base.
02/12/2020
The IFSB disseminates data of 2019Q3 for Islamic banking systems in member countries
The IFSB Task Force on PSIFIs – comprising representatives from 24 participating jurisdictions - has been importantly committed in facilitating the collection of Islamic banking data.
02/12/2020
Kuwait's Boubyan Bank starts marketing 5-yr dollar sukuk
Boubyan Bank met fixed income investors in Dubai and London ahead of the potential benchmark debt sale, which is expected to close later on Tuesday.