Warba Bank gets Kuwait CMA’s nod to issue $500mln sukuk
Warba Bank has received the Kuwaiti Capital Markets Authority's approval to issue sukuk at a value not exceeding $500 million.…
Islamic Finance
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Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources
The Islamic Development Bank has hired banks to arrange a new issue of U.S. dollar-denominated sukuk, or Islamic bonds, expected…
ADIB introduces tablet kiosks to reduce customer service time
Abu Dhabi Islamic Bank has introduced digital tablet kiosks in its branches that sharply reduce customer service times. ADIB…
National Bank of Bahrain still weighing up Bahrain Islamic offer
National Bank of Bahrain a majority government-owned lender, is still in discussions with Bahrain Islamic Bank for a potential offer…
Qatar eyes central regulator for Islamic finance sector
The Qatar Central Bank (QCB) is looking to introduce central supervision of the Islamic finance landscape. This follows countries…
ADIB UK provides Dh120m acquisition funding
Abu Dhabi Islamic Bank UK, has provided financing for The Bank of London and the Middle East to acquire a…
Hassan Jarrar Named Best Banking CEO
Hassan Jarrar has been named the ‘Best Banking CEO - Bahrain’ by International Finance Magazine. This award recognises Hassan…
Kuwait Financial House Bahrain Launching Its Open Banking Infrastructure
Bahrain has recently announced going live with its advanced Open Banking infrastructure, which will allow it to partner with innovative…
BisB's fastest customer gets loan in 1 min 44 sec
Bahrain Islamic Bank (BisB), a leading provider of integrated Sharia compliant financial solutions in Bahrain, recently honoured Manal Abdulla, the…
Bidaya Finance wins four digital banking awards
Bidaya Home Finance, an Islamic home finance company in Saudi Arabia, has won four prestigious awards in Global Finance magazine’s…
GCC Islamic banks headed for more M&A deals
Mergers and acquisitions among Islamic banks across the GCC region are expected to pick up pace to boost their competitive…
KFH-Bahrain in consumer financing deal for Golden Gate
Kuwait Finance House, a leading Islamic bank in Bahrain, is collaborating with Golden Gate to provide off-plan consumer financing for…