Kuwaiti Islamic banks acquire 38% market share of banks’ assets
Kuwaiti Islamic banks had a market share accounting for 38% of total banking system assets by the end of the…
Islamic Finance
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Abu Dhabi Islamic Bank appoints new CEO
Abu Dhabi Islamic Bank board of directors has appointed Mazin Khairy Shaker Manna as its new CEO, the bank announced…
Mauritius trade fund enlists SRB as advisor
Skybound Capital, a global wealth management business in Mauritius, is in the process of launching a Sharia-compliant trade finance fund…
GCC sovereigns to drive surge sukuk issuance in 2019, 2020
Global sovereign sukuk issuance will recover in 2019 and surpass its record-high volumes by 2020, and possibly sooner, if oil…
Bahrain's Mumtalakat set to raise $600 mln in sukuk
Bahrain’s sovereign wealth fund Mumtalakat is set to raise $600 million in sukuk, or Islamic bonds, with a 5.625 percent…
KIB awarded ‘Best Islamic Bank GCC’ for 3rd year in a row
For a third consecutive year, KIB garnered the ‘Best Islamic Bank GCC’ award for the year 2018 from World Finance;…
Al Baraka Islamic Bank names alBarakat monthly winners
Al Baraka Islamic Bank has announced Ahmed Yusuf Abulfateh as the winner of BD 10,000 Grand Prize for the alBarakat…
Report assesses the implications of a No-Deal Brexit for Islamic Finance
While a no-deal Brexit could have a significant negative impact on U.K.-based Islamic banks' asset quality, it is unlikely to…
Common standards needed to globalise Islamic finance
Malaysia supports Qatar Financial Centre’s proposal to have common platforms and technology with other nations to serve the US$2 trillion…
Noor Bank 2018 profit jumps 62%
Noor Bank, a Shariah-compliant bank in the UAE, on Wednesday said its 2018 net profit jumped 62 per cent to…
UAE banking outlook: Big four may struggle to match double-digit gains made in 2018
The four biggest banks in the United Arab Emirates – First Abu Dhabi, Emirates NBD, Abu Dhabi Commercial Bank and…
KFH earnings conference call highlights financial results, shares bank’s strategy
Kuwait Finance House held an earnings conference webcast on Monday in which speakers from KFH executive management Mazin Al-Nahedh, Group…