Islamic Finance

Financial Results

Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits

August 8, 2019

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…

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Islamic Finance

GCC Islamic bank mergers likely to increase, says Fitch

August 8, 2019

Islamic bank mergers and acquisitions in the GCC region are likely to increase as many banks still lack the market…

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Comment & Analysis

Islamic finance industry shows healthy, but slightly slower growth

August 7, 2019

The global Islamic finance services industry grew further to a combined asset value of $2.19tn across all three sectors as…

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Islamic Finance

Bank Nizwa promotes Islamic Finance to corporate and SME clients in Salalah

August 7, 2019

Bank Nizwa organized and hosted a special dinner for its Wholesale Banking clients in the Governorate of Dhofar. Guests from…

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Islamic Finance

Ithmaar Bank Upgrading, Relocating Muharraq Branch

August 7, 2019

Ithmaar Bank, a Bahrain-based Islamic retail bank, announced yesterday that it is upgrading and relocating its Muharraq branch to a…

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Financial Results

Bank ABC Islamic H1 net profit up 21pc to $18.9m

August 7, 2019

Bank ABC Islamic has  announced a first half net profit of $18.9 million, 21.1% higher than the profit of $15.6…

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Islamic Finance

Dubai’s Noor Bank launches 3.2 mln dirham waqf fund with Ajman Uni to benefit Islamic banking and finance

August 6, 2019

Dubai-based Noor Bank has launched a 3.2 million dirhams ($871,000) waqf fund with Ajman University to benefit Islamic banking and…

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Financial Results

Ajman Bank Q2 2019 profit flat year-on-year

August 6, 2019

UAE’s Ajman Bank reported a rise in profit of 0.17 per cent for the three months ending June 30 compared…

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Hedge Funds & Alternative Investments

Ajman University, Noor Bank launch Noor Fund to promote Islamic banking, finance

August 5, 2019

Ajman University and Noor Bank  have launched the first of its kind waqf  initiative in the UAE with a capital…

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Islamic Finance

Global sukuk issuances up 5.5% in 2018

August 5, 2019

GLOBAL sukuk issuances in 2018 rose to US$123.2 billion (RM512.51 billion), up 5.5% from the primary market sukuk issuances of…

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Financial Results

KIB achieves KD 2.34 billion net profits H1 2019

August 5, 2019

Kuwait International Bank announced Sunday that its total assets increased by KD 266 million to reach almost KD 2.34 billion,…

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Financial Results

Bank of Sharjah reports Dh152 million H1 net profits

August 4, 2019

Bank of Sharjah on Sunday posted a net profit of Dh152 million for the first half of 2019, down by…

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