Bank of Sharjah to Plan Dollar Bond Sale to Repay Debt
Bank of Sharjah PJSC plans to issue dollar-denominated bonds later this year to help the United Arab Emirates lender repay…
Islamic Finance
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A continuous battle for Islamic banks in the UAE
Growth in financing amongst Islamic banks in the UAE continued to fall in 2018, in line with trends of its…
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding B.S.C. and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), each announced their financial results for the first half…
GCC Islamic bank mergers likely to increase, says Fitch
Islamic bank mergers and acquisitions in the GCC region are likely to increase as many banks still lack the market…
Islamic finance industry shows healthy, but slightly slower growth
The global Islamic finance services industry grew further to a combined asset value of $2.19tn across all three sectors as…
Bank Nizwa promotes Islamic Finance to corporate and SME clients in Salalah
Bank Nizwa organized and hosted a special dinner for its Wholesale Banking clients in the Governorate of Dhofar. Guests from…
Ithmaar Bank Upgrading, Relocating Muharraq Branch
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced yesterday that it is upgrading and relocating its Muharraq branch to a…
Bank ABC Islamic H1 net profit up 21pc to $18.9m
Bank ABC Islamic has announced a first half net profit of $18.9 million, 21.1% higher than the profit of $15.6…
Dubai’s Noor Bank launches 3.2 mln dirham waqf fund with Ajman Uni to benefit Islamic banking and finance
Dubai-based Noor Bank has launched a 3.2 million dirhams ($871,000) waqf fund with Ajman University to benefit Islamic banking and…
Ajman Bank Q2 2019 profit flat year-on-year
UAE’s Ajman Bank reported a rise in profit of 0.17 per cent for the three months ending June 30 compared…
Ajman University, Noor Bank launch Noor Fund to promote Islamic banking, finance
Ajman University and Noor Bank have launched the first of its kind waqf initiative in the UAE with a capital…
Global sukuk issuances up 5.5% in 2018
GLOBAL sukuk issuances in 2018 rose to US$123.2 billion (RM512.51 billion), up 5.5% from the primary market sukuk issuances of…