Emirates Islamic posts record $251m net profit
Emirates Islamic has announced a 32 percent jump in net profit to AED924 million ($251.5 million) for the fiscal year…
Islamic Finance
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Qatar raises 4 billion riyals in five-year sukuk
Qatar's central bank issued five-year sukuk, or Islamic bonds, worth 4 billion Qatari riyals ($1.10 billion) and offering a 4.25…
Qatar Islamic Bank Q4 profit rises 19 pct
Qatar Islamic Bank (QIB), the Gulf state’s largest sharia-compliant lender by assets, reported a 19 percent rise in fourth-quarter net…
Dubai Islamic Bank starts marketing dollar sukuk
Dubai Islamic Bank, the United Arab Emirates' largest Islamic lender, on Wednesday started marketing U.S. dollar-denominated Islamic bonds with an…
BDB appoints new head of banking
The Bahrain Development Bank has announced the appointment of Raed Yousif Bukannan as Head of Banking. He will be…
Dubai Land Department signs deal with ADIB
Dubai Land Department (DLD) recently signed a banking solutions memorandum of understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) for…
Largest Middle East banks: 2018 strength, 2019 M&As to accelerate
2018 is an excellent year for share price performance at the largest Middle East banks by market cap. As Douglas…
Bahrain Islamic Bank appoints another top woman executive
Bahrain Islamic Bank has promoted Eman Ali Abdulla Ebrahim to head the bank’s central operations department, making her the first…
BisB appoints new CFO
Bahrain Islamic Bank has appointed Ameer Abdul Ghani Dairi as its chief financial officer. Hassan Jarrar, chief executive officer…
Is Blockchain Halal? These Startups are Transforming Islamic Finance
Islamic financial institutions are increasingly using blockchain technology for complex financing terms, Shariah-compliant transactions and Islamic and sharia-compliant alternatives to…
Eman Ali Abdulla to head BisB’s Central Operations
Bahrain Islamic Bank (BisB), a provider of Sharia-compliant integrated financial solutions, has named Eman Ali Abdulla Ebrahim as the Head…
Bahrain Islamic Bank appoints Head of the Bank’s Central Operations department
Bahrain Islamic Bank (BisB), the leading provider of Sharia compliant integrated financial solutions, had announced the appointment of Eman Ali…