10/10/2019
International Islamic Liquidity Management Corporation reissues $500mln sukuk
Reissuance consisted of $200 million with 3-week tenor and $300 million with 3-month tenor at a profit rate of 2% each
Islamic Finance
10/09/2019
NBB push to comply with data protection law
Under the PDPL, organisations are required to obtain the consent of their customers to continue to communicate with them .
10/09/2019
Global Islamic Financing Market 2019: Abu Dhabi Islamic Bank, Al Baraka Banking and Al Rajhi Bank
The key Islamic Financing market trends which have led to the development of Islamic Financing will drive useful market insights.
10/04/2019
1,000 Islamic finance experts to take part in Bahrain forum
The largest and most prestigious gathering of Islamic banking and finance leaders is the flagship offering of Middle East Global Advisors.
09/29/2019
Saudi Arabia's Samba issues $1bln international notes
The maturity date of the issuance is in five years, generating a 2.865 percent annual yield
09/29/2019
Higher Shari’ah Authority for financial and banking activities in the UAE held its sixth meeting
HSA reviewed the preliminary draft of the operational requirements of the Murabaha Shari’ah standard
09/26/2019
Emirates Islamic becomes UAE's first Islamic bank to offer dynamic currency conversion for visa card
Non-UAE Visa cardholders will now be able to view the exact conversion amount and fees in their home currency before making a cash withdrawal.
09/23/2019
Bank Nizwa recognized for human capital development and community wellbeing
The bank scooped the GIFA Human Capital Development Award after showcasing strong emphasis on performance management and talent retention.
09/18/2019
Asset management industry in GCC to grow steadily: Moody's
GCC investment managers had $260bln of Assets Under Management as of December last year
09/17/2019
Slow growth is new norm for Islamic Finance
Global Sukuk issuance picks up pace as Islamic banking set for low single digit growth
09/08/2019
Islamic finance contracts estimated to reach $2.5tn by end of 2019, says Qicca official
Qicca board member Sheikh Thani bin Ali bin Saud al-Thani made the statement during the ‘7th East Africa International Arbitration Conference’
09/04/2019
Dubai Islamic Bank narrows losses ahead of expansion
The fully fledged Islamic bank increased lending from Sh42 million to Sh148 million.
09/04/2019
KFH’s buyout of AUB moves a step closer
In a bourse statement yesterday, AUB said it has received reports from specialist advisers appointed to complete the due diligence on Sharia-compliant KFH, which were submitted to the AUB board for review and evaluation, without specifying when the result
09/02/2019
Warba Bank gets Kuwait CMA’s nod to issue $500mln sukuk
The issuance is part of a sukuk programme at a maximum value of $2bln
08/28/2019
ADIB introduces tablet kiosks to reduce customer service time
The digital tablets will be rolled out across ADIB’s branch network of over 70 branches in the UAE by the end of the year.
08/21/2019
ADIB UK provides Dh120m acquisition funding
Funding is provided for the acquisition of Centrica headquarters in Edinburgh
08/21/2019
Hassan Jarrar Named Best Banking CEO
The IFM award recognises exceptional individuals and institutions that have achieved high standards of innovation
08/21/2019
Kuwait Financial House Bahrain Launching Its Open Banking Infrastructure
Open Banking will create more opportunities for commercial collaborations and strategic partnerships.
08/20/2019
BisB's fastest customer gets loan in 1 min 44 sec
This service is provided through an accurate system that calculates additional financing that can be offered to the customer based on their monthly income and obligations.
08/20/2019
Bidaya Finance wins four digital banking awards
In the Kingdom of Saudi Arabia, home ownership for all citizens is a key goal of Vision 2030 and at Bidaya