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…
Islamic Finance
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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…
Saudi’s largest lender NCB posts 3.5% rise in Q4 profit
Saudi Arabia’s National Commercial Bank (NCB), the country’s largest lender, saw a 3.5 per cent rise in fourth-quarter net profit,…
New Iraqi bank Al Mustashar goes live with ICSFS core system
ICS Financial Systems has announced that Al Mustashar Islamic Bank, a recently established bank in Iraq, is now operating on…
IIFM and BAFT Publish Shari’ah-Compliant MPA’s for Islamic Trade Finance Business
IIFM and BAFT have announced the release of their joint initiative of creating global master participation agreements to support the…
Al Salam Bank-Bahrain receives two top awards
Al Salam Bank-Bahrain has emerged as the winner of two prestigious awards: “Best Islamic Retail Bank – Bahrain” and “Most…
Standalone UAE Islamic banks unlikely to merge: analysts
Standalone Islamic banks in the United Arab Emirates are unlikely to merge among themselves while the overall banking sector moves…
DIB’s Mudarbak Sukuk Certificates oversubscribed
Dubai Islamic Bank Pakistan Limited announced the issuance of fully paid up, rated, perpetual, unsecured, subordinated, non-cumulative and contingent convertible…
Sukuk issuance holds steady
The global sukuk issuance in 2019 will average between US$105 billion and US$115 billion, with tightening liquidity conditions worldwide, high…