05/28/2018
Global sukuk issuances surge 44%
The upswing is attributable to a boost from Saudi Arabia
Islamic Finance
05/28/2018
Dubai Islamic Bank Receives Two Prestigious ISO Certifications
DIB’s Human Resources L&D Centre places significant importance in nurturing and fine-tuning the skills of the human talent at the bank.
05/28/2018
Islamic finance gets IMF backing
UAE expands its role as one of the leading hubs for sector.
05/25/2018
Dubai Bank raids Kenyan rivals for top management
DIB Bank Kenya managing director Peter Mule Makau joined the lender from United Bank for Africa Tanzania, where he was also the MD.
05/23/2018
QIIB set to open two more branches this year
Last week we opened our latest branch in the City Centre mall, and hopefully before the end of this year, we will have two more branches
05/22/2018
Kuwait Finance House sets up $3 bln sukuk programme
The certificates have been assigned a provisional (P)A1 senior unsecured long-term rating by credit rating agency Moody’s.
05/21/2018
ABK, FAB and Noor Bank sign loan deal for Dubai Aerospace
FAB will also act as the Global Agent, Facility Agent and Investment Agent, whilst Noor Bank will act as the Islamic Structuring Agent.
05/17/2018
Noor Bank’s $500m sukuk listed on Nasdaq Dubai
Listed on 24 April 2018, Noor Bank’s $500 million Sukuk is a five-year instrument that was oversubscribed 2.1 times following a successful international roadshow.
05/15/2018
Kuwait Finance House just launched a new service that’s going to make your lives a whole-lot easier!
The app allows customers to open a Mudaraba-based savings account, Libshara account and also grants them access to transactional services.
05/15/2018
Key future opportunities for Islamic finance in focus
Thomson Reuters, in its latest State of the Global Islamic Economy report published in collaboration with US-based Islamic economy advisory DinarStandard, comes to the conclusion that as the Islamic Finance industry is maturing, several high-potential seg
05/14/2018
KFH signs coop agreement with Agrivage startup
This comes as part of KFH social responsibility and commitment towards the youth initiatives and the environment.
05/14/2018
KFH-Bahrain launches Jazeel, the digital platform with a new banking experience
With Jazeel, the Bank introduces a fully digitized E-KYC (electronic Know-Your-Customer) process
05/14/2018
Dubai Islamic Economy Development Centre: Islamic Economy Contributes 8% of Dubai’s GDP
Al Mansouri: Countries are now more open to adopting the UAE’s Islamic economy model
05/14/2018
The Ithmaar Holding reported a net profit of US$4.81 million for the three-month period ended 31 March 2018
The Ithmaar Holding reported a net profit of US$4.81 million for the three-month period ended 31 March 2018
05/11/2018
VEB and The Islamic Development Bank Group to Establish a Partnership Fund Amounting up to $100 mln
The joint contribution of VEB and the IDB Group to the fund's capital will amount up to $100 million. Third-party investors will be involved as well.
05/10/2018
Bank of London and the Middle East opens in DIFC
As a branch, BLME DIFC will manage client relationships, on-board new clients and arrange investment opportunities.
05/10/2018
Al Baraka Islamic Bank signs co-operation agreements with ICIEC
The agreements were signed in a private forum held in Tunisia.
05/10/2018
Sharjah Islamic Bank lists $500mln Sukuk on Nasdaq Dubai
The listing supports the continuing expansion of SIB’s Sharia’a-compliant financial activities.
05/09/2018
Al Baraka Banking Group's Q1 net income up 11pc
During the first quarter of 2018, the fluctuations of local currencies in a number of Arab and Middle Eastern countries where ABG units operate against the US dollar continued, which affected the reported growth figures of both income and balance sheet it
05/08/2018
ADIB wins Best Islamic Savings Account Provider at Yallacompare Awards
ADIB also offer other saving products such as Children Banoon Savings and Youth Savings product with free AIESEC card.