Riyad Bank hires banks for dollar sukuk issue
Saudi Arabia’s Riyad Bank has hired international and regional banks to arrange the potential issuance of dollar-denominated sukuk, it said…
Islamic Finance
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Abu Dhabi bank said to seek $136m savings by cutting jobs
Abu Dhabi Islamic Bank is seeking to save about AED500 million ($136 million) by cutting jobs and closing branches as…
DIB board recommends foreign ownership increase as lender reports rise in full-year profit
The board of Dubai Islamic Bank, the largest Sharia-compliant lender in the UAE, recommended an increase in the foreign ownership…
The IFSB disseminates data of 2019Q3 for Islamic banking systems in member countries
The Islamic Financial Services Board has announced the dissemination of country-level data on financial soundness and growth of the Islamic…
Kuwait's Boubyan Bank starts marketing 5-yr dollar sukuk
Kuwait's Boubyan Bank BOUK.KW has started marketing five-year U.S. dollar-denominated sukuk, or Islamic bonds, at around 150 basis points (bps)…
Fitch Ratings: Sukuk Issuance Rose in 2019 as Diversification Continues
Global sukuk issuance rose 6% in 2019 as the range of issuers and investors broadened, although supply is still concentrated…
Kuwait's Boubyan Bank to sell $750 mln 5-yr sukuk
Kuwait’s Boubyan Bank plans to sell $750 million in five-year sukuk, or Islamic bonds, at 120 basis points (bps) over…
DIFC Welcomes Maybank
Dear DIFC Community, Maybank Islamic Berhad (Maybank Islamic), the largest Islamic Bank in Malaysia and the ASEAN region by…
Maybank Islamic opens first overseas branch in DIFC
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre (DIFC),…
Dubai Islamic Bank Pakistan posts after tax profit of Rs 3.3 billion
Dubai Islamic Bank Pakistan Limited continued excellent performance and its growth trajectory in 2019. The Bank posted profit before…
Islamic Arab Insurance Company Posts AED 55 Million Net Profit for 2019
Islamic Arab Insurance Company, has announced its preliminary unaudited and unreviewed financial results for the year ending 31 December 2019,…
Building green economies impactful, sustainable and responsive, says Doha Bank CEO
Islamic finance has the potential to play a crucial role in supporting the implementation of Sustainable Development Goals, Doha Bank…