Dubai Bank Wins Right to Swap Abraaj Debt for Fund Stakes
Noor Bank PJSC, which provided a $100 million loan to the collapsed Abraaj Group, won the right to swap the…
Islamic Finance
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BisB appoints head of Central Operations
Bahrain Islamic Bank has appointed Eman Ali Abdulla Ebrahim as the head of the bank’s Central Operations department. The…
Blockchain is making its way into Islamic finance
Blockchain technology, an unalterable digital information recording system, is increasingly being discovered as a useful tool by Islamic finance institutions…
Bidaya Home Finance successfully completes its series 2 Sukuk issuance
Bidaya Home Finance ("Bidaya") has successfully completes its Series 2 Sukuk issuance under the recently established SAR 500 million Sukuk…
Young GCC nationals spearhead growth in Sharia investing
Young GCC nationals have been spearheading explosive growth in Sharia-compliant investments, which may result in doubling of Islamic assets within…
Sharjah enhances offer for Invest Bank, shareholders to vote on January 8
The Government of Sharjah has made an enhanced offer to invest in struggling Invest Bank and the bank’s shareholders will…
Noor Takaful targets family groups for growth
The CEO of a Dubai-based Islamic insurance business has said the firm intends to take a greater share of a…
GCC Islamic banks show stronger growth than conventional peers: Fitch Ratings
Link to Fitch Ratings' Report(s): GCC Islamic Banks: 2018 Compendium - Strong Growth, but Weaker Creditworthiness than GCC Conventional Banks…
Islamic finance hubs in GCC, Southeast Asia come closer
The fast growing global Islamic economy, estimated at a current value of $6.4tn, has become a main driver for Islamic…
Bank Nizwa named Strongest Islamic Retail Bank in Oman
Bank Nizwa, Oman’s leading Islamic bank was named ‘Strongest Islamic Retail Bank’ in the Sultanate at the Islamic Retail Banking…
Qatar partners Malaysia, Turkey to conquer Islamic finance market
Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market…
Abu Dhabi's bank merger to result in 1,000 job cuts
A proposed three-way bank merger in Abu Dhabi may lead to about a thousand jobs being cut, according to three…