Bank of Sharjah reports 51% drop in profits for 2018
Bank of Sharjah revised on Sunday its earnings figures for 2018, reporting a 51 per cent year-on-year drop in its…
Islamic Finance
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UAE's Sharjah Islamic Bank readies capital-boosting dollar sukuk
United Arab Emirates' Sharjah Islamic Bank is expected to issue U.S. dollar-denominated sukuk, or Islamic bonds, by the end of…
Second Merger Wave May Hit U.A.E. Lenders as Industry Shrinks
Banks in the United Arab Emirates may go through a second wave of consolidation as lenders seek to improve profitability…
Central Bank of the UAE hosts Islamic Finance Workshop Towards a Diversified Financial Sector
The Central Bank of the UAE (CBUAE), in coordination with Higher Sharia Authority (HSA), hosted a half-day workshop on June…
Dubai Islamic Bank Board Recommends Buying Local Competitor
Dubai Islamic Bank PJSC is proceeding with plans to acquire a smaller local rival as the United Arab Emirates’ biggest…
Retail banking strategy to drive asset growth
Emirates Islamic’s balance sheet is dominated by retail banking assets and going forward, this will continue to be the key…
Al-Nahedh: Remarkable Progress in Digital Transformation Strategy
Group CEO of Kuwait Finance House (KFH), Mazin Saad Al Nahedh said that KFH operates in different jurisdictions, including Kuwait,…
KFH Group achieves leading positions in arranging Sukuk issuances globally and regionally
Chief Investment Banking Officer at KFH Capital, Right arm of KFH Group, Mr. Abdullah Sulaiman Al-Haddad said that “ The…
Bahrain Islamic Bank (BisB) gives out free Sadeem Cards to its customers
In line with its efforts to continuously enhance its product and services portfolio to meet the evolving needs of its…
Maybank Islamic wants to link up Gulf Cooperation Council with Asean
Maybank Islamic Bhd (MIB), the largest Islamic bank by asset in ASEAN, wants to be the bridge for the Islamic…
The Innovators 2019: Islamic Finance
The strict rules against charging interest and investments deemed contrary to Shariah law earn Islamic finance an understandable reputation for…
Bereaved British schoolgirl will be stripped of £500,000 inheritance after Sharia court in Dubai is told that she is a Christian
A British schoolgirl has lost out on a £500,000 inheritance from her father after a Sharia court in Dubai was…