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…
Islamic Finance
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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…
Al Mustashar Islamic Bank goes live with ICSFS core banking system
ICS Financial Systems said that Al Mustashar Islamic Bank has gone live with core banking software suite ICS BANKS ISLAMIC…
Dubai Islamic Bank successfully closes USD 750 million AT1 Perpetual Sukuk
Dubai Islamic Bank PJSC rated A3 by Moody's (stable) and A by Fitch (stable), successfully closed a USD 750 million…
KFH- Capital arranges $1.6bn sukuk issuances for FAB and DIB
Chief Investment Banking Officer at KFH Capital, an investment arm of KFH Group “KFH”, Abdullah Al-Haddad said that KFH Capital…
Dubai Islamic Bank successfully closes AT1 Perpetual Sukuk
Dubai Islamic Bank, rated A3 by Moody's (stable) and A by Fitch (stable), successfully closed a USD 750 million Additional…
New standards could have unintended risks to issuers
Dubai: Rating agency Standard & Poor’s has a positive view of the new requirements for Sharia governance and disclosures proposed…