02/12/2018
Bahrain Islamic Bank posts BD 10.1 million net profit
Dr. Fakhro stated that total operating income for the last quarter of 2017 amounted to BD 10.3 million compared to BD 13.1 million for the same period last year.
Islamic Finance
02/09/2018
Saudi exchange ‘aims to dominate Arabian Gulf markets’
This thinking has already been happening. It is the will and intention of the Tadawul to grow itself and become the biggest stock exchange in the region.
02/09/2018
Dubai Islamic Bank to begin branchless banking by June
Nine conventional banks and financial institutions are already offering branchless banking services in Pakistan in collaboration with mobile phone services firms and technology companies.
02/08/2018
Al Rajhi Bank: Looking to the future
In a conversation with Robin Amlôt, Consultant at CPI Financial, Steve Bertamini, CEO of Al Rajhi Bank, talks about the bank’s performance in 2017 and its plans in the economic development of the Kingdom of Saudi Arabia.
02/06/2018
Noor Bank weighing sale of Islamic bonds
Lender plans to spend about $136m over next 3 years, mainly on technology upgrades to improve services and lower costs
02/05/2018
ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments
Full-year net profit in 2017 rose 17.7 per cent to Dh2.3 billion from Dh1.95bn
02/05/2018
National Bank of Fujairah posts net profit of Dh471.9 million
Sheikh Saleh bin Mohamed bin Hamad Al Sharqi, chairman of NBF, said: "NBF has delivered strong performance through its renewed focus on being the financial partner for business, and meeting its customers' professional and personal needs."
02/04/2018
KFH Capital Trusts KFH Group performance in Q1 2018
KFH Capital: Management, Arrangement and Issuance of US$ 1 Billion Sukuks for Dubai Islamic Bank
02/01/2018
Dubai Islamic Bank issues $1 billion senior unsecured Sukuk
Dubai Islamic Bank has announced the successful pricing of $1 billion Sukuk issued with a five-year tenor, maturing on 6 February 2023.
01/24/2018
Bahrain's Salam Bank to launch Islamic insurance products in Algeria in 2018-CEO
The lender would open 10 more branches in the country this year as the market for Islamic products was growing.
01/24/2018
Emirates selects banks to arrange $1 billion Sukuk
Dubai-based airline Emirates has mandated eight banks including HSBC Holdings Plc and Standard Chartered Plc to manage a sale of Islamic bonds, according to media reports.
01/23/2018
Al Rayan Bank wins ‘Best Islamic Bank in the UK’ honour
The bank has been named as the ‘Best Islamic Bank in the UK’ at the 2017 Islamic Finance News Awards.
01/22/2018
Dubai Islamic Bank Inspires Staff to Get ‘DIB Active’
This is a quality addition to the overall support we provide our staff - research shows that the benefits of wellness programs in the workplace include an increase in productivity and morale, a decrease in stress and even a drop in days lost to illness.
01/22/2018
Al Hilal Bank Partners With SunTec to Manage Vat for Its Customers
SunTec’s Xelerate for VAT, in its current form, has been specifically developed for the Gulf co-operation countries to cater to their newly added complexity of taxes.
01/21/2018
DIB named Fastest Growing Bank in the UAE
Dubai Islamic Bank, DIB, has been recognised as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards.
01/21/2018
Safwa Islamic Bank, MEPS ink co-op agreement
These internationally and locally-recognized cards will enable users to make secure internet purchases and to utilize ATMs and point-of-sale devices, it stated.
01/21/2018
Al Hilal Bank receives Best CSR in Islamic Banking UAE Award
CEO of Al Hilal Bank received the award on behalf of the bank from Saleh Al Akrabi, Chairman of CPI Financial and CEO of DIFC Property Management.
01/21/2018
Ajman Bank reports Dh132.61m in net profit
Islamic financing and investing assets surged 21.55% in 2017
01/18/2018
Abu Dhabi fund Goldilocks buys stake in GFH
Bahraini investment bank aiming for approval from Saudi Arabia in the first half of this year to cross-list on the Tadawul stock exchange
01/17/2018
Kuwait International Bank wins ‘Best Customer Acquisition GCC’
This latest accolade, which came as part of World Finance’s annual GCC Investment and Development Awards, was awarded to KIB after extensive deliberation by the latter’s Editorial Panel.