Al Rahji Bank's net profit jumps 13%, beating analysts' estimates
Al Rahji Bank, Saudi Arabia's largest lender by market value, reported a 13 per cent annual rise in net profit…
Islamic Finance
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QIIB remains 'optimistic' about 2019 as market looks 'promising': Al-Shaibei
QIIB is optimistic of achieving the targeted growth this year as the “market looks promising”, said bank chief executive officer…
SIB’s net profits up 7 per cent to Dh510 million
Sharjah Islamic Bank has recorded a net profit of Dh510.4 million for 2018, up 7 per cent compared to Dh477.7…
Business Line Dubai: In with the old, in with the new
Islamic banking is as old as Islam itself and despite a recent slump, it is becoming increasingly popular globally with…
Dubai Islamic Bank Full Year 2018 Group Financial Results
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total…
UAE’s Sharjah Islamic Bank reports 6.8 pct rise in profit for 2018
UAE’s Sharjah Islamic Bank reported a 6.8 percent increase in net profit for the full year 2018. SIB made…
UPDATE 1-Dubai Investments Park postpones Islamic bonds sale
Dubai Investments Park a subsidiary of Dubai Investments, has postponed its planned issue of U.S. dollar-denominated sukuk, or Islamic bonds,…
Islamic banking software a rapidly growing market
The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups –…
Middle East cryptocurrency exchange ‘Rain’ to be Shari’a compliant
Rain, a Bahrain based cryptocurrency exchange operating out of the Regulatory Sandbox, has today announced its successful Shari’a compliance certification…
Qatar International Islamic Bank's results roughly in line with its Islamic banking peers in Qatar, analyst says
Qatar International Islamic Bank reported on Monday a 6 percent rise in net profit for 2018 and an 11.3 percent…
Boeing Capital mulls Islamic financing for jet purchases
Boeing is considering offering Islamic finance tools as a way for its Middle East and Africa customers to fund aircraft…
Kuwait Finance House sees 90 pct profit jump after Bahrain deal
Kuwait Finance House’s (KFH) purchase of Bahrain’s Ahli United Bank is expected to boost consolidated profit by more than 90…