08/22/2018
ADIB shareholders approve $272mln rights issue
Bank will also issue a 2.75billion UAE dirham sukuk, with existing Islamic bond retired
Islamic Finance
08/17/2018
Emirates Islamic offers incentive on EV financing
Customers with salaries above Dh30,000 can also benefit by getting up to 100 per cent discount on processing fees.
08/17/2018
National Bank of Bahrain in talks to increase its stake in BIB
NBB has entered into initial discussions with Islamic development bank to buy its entire stake in the Bahraini Sharia-compliant lender
08/16/2018
Increasing Islamic banking’s global linkage
Mohamed Rafique Merican, CEO, Maybank Islamic speaks exclusively with Islamic Business & Finance about his plans for the firm in the GCC and beyond.
08/15/2018
Saudi mortgage growth to aid rebound in lending at Al Rajhi Bank
Saudi Arabia’s new housing project announced in February includes an 18 billion riyal loan-guarantee programme
08/14/2018
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding’s total assets stood at $8.62billion
08/14/2018
Bahrain Islamic Bank posts net profit for First Half of 2018
An increase of 6 % compared with last year
08/14/2018
1,200 experts to gather for 25th WIBC in Bahrain
Middle East Global Advisors (MEGA), a leading financial intelligence platform facilitating the development of knowledge-based economies in the MENASEA markets, will convene the conference at the ART Rotana Hotel in Amwaj Islands.
08/10/2018
Abu Dhabi Islamic Bank hires banks for $750 million sukuk – sources
HSBC and JPMorgan have been hired as coordinators for the sukuk deal, said one of the sources, while other banks will join the transaction at a later stage.
08/10/2018
Bank Aljazira renews two insurance deals with Aljazira Takaful
The personal finance portfolio coverage contract is valued at SAR 15.64 million while the mortgage coverage contract is valued at SAR 17.53 million.
08/09/2018
Al Baraka to offer Islamic Banking know-how in new geographies
Signs MoU with Kyrgyzstan's BTA Bank
08/08/2018
Common Shariah norms for Islamic finance still remain a tricky issue
It is also a matter of competition towards the conventional industry which is much more streamlined and globally interconnected.
08/06/2018
Islamic banks' assets rise to AED 565 billion in H1 2018
The noticeable growth in Shari'ah-compliant financial operations in the country mirror the significant development of this kind of banking products.
08/02/2018
Bank ABC Islamic profit hits $15.6m
ABC Islamic Bank’s total assets stood at $1.749 billion as of June 30, 2018 compared with $1.559bn at 2017 year-end.
08/01/2018
Al Hilal Bank partners with Abu Dhabi Global Market to promote Islamic finance
The MOU provides an official platform for both Al Hilal Bank and ADGM to share and exchange key knowledge exchange
08/01/2018
GCC bonds, sukuk issuance rises 10%
The report highlighted the trends followed by bonds and sukuk issuances in the GCC region during the first half of 2018.
07/31/2018
Murabaha Capital ropes in SRB as Islamic advisor
Its capabilities span the entire Sharia compliance value chain with holistic Sharia advisory solutions, and product assessment customized to the needs of the financial institutions it serves, it added.
07/27/2018
Emirates NBD in talks to roll over $1.7bn loan
The 2016 loan, due in June 2019, saw the participation of 19 banks
07/27/2018
Al Rajhi Bank Q2 profit climbs 17.7%
Saudi Arabia’s biggest bank by market value missed analysts' forecasts
07/27/2018
ADIB plans a Dh1.16bn rights issue and tapping the sukuk market
The lender plans to maintain growth and pay off old debt