Noor Bank reports Dh410 million H1 2019 net profit
Noor Bank, a Shariah-compliant bank has announced a record net profit of Dh410 million in H1 2019, notching up a…
Islamic Finance
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IIRA reaffirms credit ratings on Al Baraka Banking Group and raises the fiduciary assessment
Islamic International Rating Agency has reaffirmed the international scale ratings assigned to Al Baraka Banking Group. IIRA has also…
Islamic finance key to funding green energy projects
Islamic finance can play a significant role in financing solar and other alternative energy projects in the Middle East as…
Deloitte and ISRA Launch Islamic Finance Report Examining Rise of Green Sukuk
Deloitte’s Islamic Finance Knowledge Center in the Middle East, in collaboration with the International Shariah Research Academy, launched a new…
ADIB and Al Baraka Banking Group sign MoU to expand network
Abu Dhabi Islamic Bank, and Al Baraka Banking Group has announced that they have signed a memorandum of understanding for…
Ithmaar Bank earns prestigious regional award for its personal finance offerings
Ithmaar Bank was named “Best Bank for Personal Finance in Bahrain” by the World Union of Arab Bankers (WUAB) at…
Boubyan Bank to climb 20 percent in revenue
Revenue of Kuwait-based Boubyan Bank was revealed by reports circulating the media to be forecast to see a 20 percent…
ADIB and Al Baraka sign MoU to expand network
Abu Dhabi Islamic Bank and Al Baraka Banking Group on Sunday announced that they have signed a memorandum of understanding …
Kuwait Finance House Q2 net profit up 9.4pc year on year
Kuwait Finance House the country’s biggest Islamic lender, posted a 9.4% annual rise in net profit in the second quarter…
Emirates Islamic announces H1 2019 financial results
Emirates Islamic announced its financial results for the period ending June 30, 2019. The Bank reported a net profit…
Kuwait central bank approves Warba Bank’s $500mln sukuk issue
Kuwait-based Warba Bank has obtained the Central Bank of Kuwait’s (CBK) preliminary approval to issue sukuk at a value not…
Emirates Islamic’s net profit at Dh673m
Emirates Islamic’s net profit for the first six months totalled Dh673 million, an increase of 39 per cent year-on-year. …