Al Baraka bank announces second Sukuk issuance to raise R400m
In another sign that Shariah-compliant investment instruments are becoming more widely adopted around the world, Al Baraka bank announced last…
Islamic Finance
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Abu Dhabi Islamic Bank posts 5.2% increase in quarterly profit
Abu Dhabi Islamic Bank posted a 5.2% rise in third-quarter profit compared to the same period a year earlier. …
DIEDC, AAOIFI ink agreement to collaborate in Islamic Finance standards
Dubai Islamic Economy Development Centre and the Accounting and Auditing Organization for Islamic Financial Institutions have signed a memorandum of…
Safest Islamic Banks In The GCC 2019
A wave of mergers is transforming the banking sector in the Gulf Cooperation Council (GCC) states, reshaping both conventional banks…
QIIB wins two prestigious awards
QIIB received the prestigious ‘Strongest Islamic Retail Bank’ and the ‘Most Innovative Islamic Retail Bank in Qatar Awards 2019’, granted…
Higher investment, fee income drive Abu Dhabi Islamic Bank profits higher
Abu Dhabi Islamic Bank (ADIB) reported on Sunday a 5.2 per cent increase in its net profit for the third…
QIIB to hold meetings with potential investors in various countries
QIIB and the third largest listed Islamic bank in Qatar by total assets, appointed Standard Chartered Bank as Sole Structuring…
IILM reissues $600mln sukuk; GCC banks act as primary dealers
Malaysia-based International Islamic Liquidity Management Corporation has reissued A-1 short term sukuk worth $600 million in two series with 1-month…
BisB Appoints Khaled Waheeb Alnaser as Chief Internal Audit
Bahrain Islamic Bank has recently appointed Khaled Waheeb Alnaser as Chief Internal Audit. Prior to joining BisB, Khalid worked at…
Dubai Islamic Bank hires banks for dollar sukuk
The bank - the United Arab Emirates’ largest sharia-compliant lender - has picked Bank ABC, Dubai Islamic Bank, Emirates NBD…
Sharjah FDI Forum to host five workshops and a Dubai Financial Market roundtable
The 5th edition of Sharjah FDI Forum which will be held on November 11 – 12, 2019, will host a…
National Bank of Bahrain makes offer to buy Bahrain Islamic Bank
National Bank of Bahrain, which has a 29% stake in Bahrain Islamic Bank, has made an offer to buy the…