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…
Islamic Finance
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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…
Saudi Arabia Banks in $4.5 Billion Settlement Over Islamic Taxes
Major banks in Saudi Arabia reached settlements worth a combined 16.7 billion riyals ($4.5 billion) with the kingdom’s tax authority…
UAE lenders unaffected by troubles at Sharjah’s Invest Bank
Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making…
Standardisation critical for Islamic finance’s success
Bahrain regulators have called for Islamic finance practitioners to push for standardisation in the industry to ensure further growth across…
Bank of Sharjah celebrates 45 years of achievements
On Thursday 13th December 2018, Bank of Sharjah celebrated at the Jumeirah Beach Hotel – Dubai its 45th anniversary and…
Alizz Islamic Bank Wins Award for 'Best Arabian Management Team'
Alizz Islamic Bank has been awarded the ‘Best Arabian Management Team’ award in 2018 edition of Arab Best Awards ceremony,…