Islamic finance institutions need to rethink roles in current times, says Bank Rakyat
Bank Rakyat says Islamic finance institutions need to rethink their roles for the current times and urged institutions to look…
Islamic Finance
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QIB hosts ceremony to award grand prize winners of Cards Summer Campaign
Qatar Islamic Bank recently held an awards ceremony at its Al Sadd Branch to conclude the 2019 Cards Summer Campaign.…
Noor Bank's profit rises 12% to AED 595 million
Noor Bank has announced its financial results for the period ending September 30 2019, recording a net profit of AED…
Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk
Saudi Arabia has hired banks including JPMorgan and Standard Chartered to manage a $2.5 billion issuance of sukuk, or Islamic…
Saudi Arabia sells $2.5bln sukuk, gets hefty demand
Saudi Arabia sold sukuk, or Islamic bonds, worth $2.5 billion on Tuesday after receiving large demand for its first international…
UAE: Why bank charges for rejected deferral?
* Bank offered deferral of loan payment since the customer is paying on time * Deferral request has failed as…
Alizz Islamic Bank to organise Supply Chain Conference
The inaugural edition of Oman Economic Review Supply Chain Conference, presented by Alizz Islamic Bank, will be held on October…
Saudi Arabia said to plan $2.5bn sukuk issuance
Saudi Arabia is seeking to raise $2.5 billion of Islamic bonds as the world’s biggest oil exporter takes advantage of…
Standard Chartered appoints Regional Chief Information Officer for Africa and the Middle East, Islamic banking
Standard Chartered has announced the appointment of Mohamed Abdel-Hamid Abdel-Razek as Regional Chief Information Officer (CIO) for Africa and Middle…
KFH wins ‘World’s Best Islamic Financial Institution 2019’ award
Kuwait Finance House has won World’s Best Islamic Financial Institution 2019 award from Global Finance Magazine. Being one of…
UAE's Majid Al Futtaim hires banks for dollar "green" sukuk
Majid Al Futtaim, a UAE-based developer and shopping mall operator, has hired banks to arrange a potential issue of U.S.…
Volume of sukuk issuance from top Islamic finance markets steady in 2019 – Fitch
International sukuk issuance from major Islamic finance markets was mainly unchanged in the first nine months of 2019 compared to…