World’s largest Islamic bank selects Temenos
Temenos, the banking software company, today announced that Al Rajhi Bank, Saudi Arabia’s second largest bank and the world’s largest…
Islamic Finance
6037 articles found
Chairman of Kuwait International Bank joins
The International Islamic Financial Market has announced the appointment of Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank, to…
Bahrain Islamic Bank Achieves a Net Profit of BHD 11.4 million for the Year 2018
Bahrain Islamic Bank reported that it has recorded a net profit of BHD 11.4 million for the year ended December…
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…
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…