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…
Islamic Finance
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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…
KIB achieves KD 2.34 billion net profits H1 2019
Kuwait International Bank announced Sunday that its total assets increased by KD 266 million to reach almost KD 2.34 billion,…
Bank of Sharjah reports Dh152 million H1 net profits
Bank of Sharjah on Sunday posted a net profit of Dh152 million for the first half of 2019, down by…
Arada reaches 4,000-unit sales milestone and ties up with Dubai Islamic Bank to provide home financing solutions
Arada has announced a partnership with the UAE’s largest Islamic lender, Dubai Islamic Bank (DIB), which will streamline the home…
Wow Red, Dubai Islamic Bank ink SLS Dubai Hotel & Residences deal
World of Wonders Real Estate Development has collaborated with Dubai Islamic Bank to introduce a 25-year financing plan with half-payment…
IIFM Publishes its Annual Sukuk Report 2019
The International Islamic Financial Market has announced the publication of the 8th Edition of its annual Sukuk Report. The research…
KFH opens its third digital self-banking station KFH-Go in Al-Mangaf Co-op
Kuwait Finance House has inaugurated its third digital self- banking station KFH-Go in Al-Mangaf Co-op. This state-of-the-art e-branch is unmanned…
Abu Dhabi Islamic Bank Q2 2019 net profit up 10 per cent
Abu Dhabi Islamic Bank posted a net profit of AED 630.1 million in Q2 2019, a 10 per cent increase…
QCB plans centralised Sharia'h framework for Islamic banks
Steps are under way to harmonise the Sharia'h regulatory framework for Qatar's Islamic banking sector. This include, establishing a…
Pakistan's $500mln syndicated financing attracts 40% oversubscription
Pakistan successfully concluded its US$ 500 Million Syndicated Term Loan and Murabaha Financing Facility on July 25th 2019. The…