Sharjah Islamic Bank's net profit up 27%
Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in 31st December 2021, an increase…
Financial Results
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Faisal Islamic Bank Egypt reports 30.3% growth in 2021 standalone profit
Faisal Islamic Bank of Egypt (FAIT) reported a 30.3% year-on-year increase in standalone net profit for the year ended December…
Commercial Bank net profit surges 77.1% to QR2.304bn in 2021
The Commercial Bank (the Bank), its subsidiaries and associates (Group) yesterday reported a net profit of QR2.304bn for the year…
QIB Profit grows by 16%
His Excellency, Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, Chairman of Qatar Islamic Bank (QIB) has announced…
KPMG records strong growth in FY21 in the Middle East & South Asia region
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September…
Qatar National Bank records profit but ‘remains on alert’
Qatar National Bank, the biggest financial institution in the gulf region, has signaled caution by “boosting money set aside in…
Qatar National Bank raised provisions and remains on alert
Qatar National Bank QPSC braced for credit losses by boosting the amount of money set aside in provisions and signaled…
GCC consumer sentiment remains relatively unaffected by global agitators, says new D/A report
According to the latest research by leading consumer intelligence platform, D/A, owners of Sila, an Arabic-native, AI-enabled consumer intelligence platform,…
Qatar National Bank 2021 profit up 10% driven by loan growth
Qatar National Bank, the Gulf's biggest bank by assets, on Tuesday reported a 10% increase in annual net profit driven…
Promising outlook for global Sukuk market following robust 2021
Fitch Ratings-Dubai : “Growth will be anchored by robust Islamic investor appetite, funding diversification goals, and Islamic-finance development agendas in…
Saudi fintech investment jumps as regulators set 2021 landscape: Year in Review
Saudi Arabia saw a significant jump in venture capital investments in the financial technology sector, hitting 16 deals in the…
UAE Central Bank M1 increased by 2.1% at end of November 2021
The Central Bank announced that the Money Supply aggregate M1 increased by 2.1%, from AED 671.6 billion at the end…