Noor Bank reshuffles board ahead of merger with DIB
UAE’s Dubai Islamic Bank is progressing with the acquisition of Noor Bank whose board of directors has been reconstituted to…
Islamic Finance
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Dubai's Amlak Finance achieves 95% approval on debt restructuring
Amlak Finance, a Dubai-based Islamic mortgage provider, announced that it has achieved 95 percent approval on its debt restructuring terms.…
Moody's affirms Boubyan Bank’s ratings, outlook
Moody's Investors Service has maintained Boubyan Bank’s baseline credit assessment at ‘ba1’ and its outlook as ‘Stable’. Meanwhile, the…
QIIB selects IBM Safer Payments to advance fraud prevention
Qatar International Islamic Bank has selected IBM Safer Payments and has implemented the solution which provides a cross-channel fraud prevention…
Revealed: Top 25 companies listed on the Dubai Financial Market
UAE banking giant Emirates NBD has topped Arabian Business’s countdown of the top companies listed on the Dubai Financial Market.…
Credit granted to Islamic banking entities reach OMR3.9 billion
Islamic banking entities provided financing to the extent of OMR3.9 billion at the end of October 2019 as compared to…
NBB offer to acquire Bahrain Islamic Bank receives required minimum threshold of BISB shareholders acceptances
An official announcement has been made that the National bank of Bahrain offer to acquire Bahrain Islamic Bank is now…
ADIB provides $80mln Sharia'a-compliant financing to Oman Shipping Company
Abu Dhabi Islamic Bank, had signed an agreement to provide a US$80 million Shariah-compliant Ijara facility to Oman Shipping Company…
Regional markets slump amid rising US-Iran tensions in the Middle East
Most regional equity markets fell sharply yesterday, tracking the global slump on Friday as tensions between the US and Iran…
Qatar’s Islamic financial services sector growth prospects 'closely tied' to country's economic expansion: OBG
Growth prospects of Qatar’s Islamic financial services (IFS) sector are closely tied to the “continued expansion” of the country’s economy,…
Islamic fintechs becoming ‘global phenomenon’
Manama Islamic financial technology firms, or Islamic fintechs, are moving centre stage in the global Islamic finance industry when…
Islamic Fintech to Advance More in 2020
A study called the Global Islamic Fintech Report recently revealed expectations for such companies in the coming year, said Salaam…