Islamic Finance

FinTech

Islamic banks slow to adopt tech, start-ups drove innovation in Shariah-compliant finance in 2017: study

October 30, 2018

Shariah-compliant banks have been slow to adopt tech and start-ups drove "substantial" innovation in Islamic finance in 2017, according to…

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Islamic Finance

Tabreed raises $500m with new 7-year sukuk

October 30, 2018

National Central Cooling Company  has raised $500 million with a fixed rate senior unsecured US dollar denominated sukuk with a…

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Financial Results

Bank Nizwa net profit surges 97 per cent in third quarter

October 30, 2018

As the first and leading fully-fledged Islamic bank in Oman, Bank Nizwa announced its 2018 third quarter financial results registering…

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Financial Results

Emirates Islamic Q3 net profit up 32pc to $197m

October 30, 2018

Emirates Islamic, a leading Islamic financial institutions in the UAE, has posted a net profit of Dh657 million ($197 million)…

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Awards and Recognition

Citibank honours QIIB with ‘Excellence in Straight Through Processing’ award

October 29, 2018

Citibank New York has chosen QIIB for ‘Excellence in Straight Through Processing (STP) Award’ which was handed over at a…

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Comment & Analysis

UAE leads Islamic economy

October 29, 2018

The UAE ranks top globally across five Islamic economy sectors, according to a report that forecasts Islamic finance assets would…

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Islamic Finance

Kuwait Finance House- Bahrain launches community based banking services

October 29, 2018

As part of its efforts to innovate and invest in the field of FinTech and the promotion of digital banking…

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Comment & Analysis

Islamic banking on the rise in UAE, says study

October 29, 2018

Islamic banks are outperforming their conventional peers in customer acquisition with 55 per cent of the UAE consumers now having…

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Awards and Recognition

Emirates Islamic Bank announces winner of Dh1m

October 25, 2018

Emirates Islamic bank announced this week the lucky winner of its monthly Kunooz Savings Account draw.    Hanim Mustafa Mohamed,…

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Hedge Funds & Alternative Investments

Oman mandates banks for 7-year dollar sukuk sale

October 23, 2018

The government of Oman has hired banks to arrange a global investor call ahead of a planned sale of dollar-denominated…

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Financial Results

ADIB profit rises 4.5% to Dh589.5m in third quarter

October 23, 2018

Abu Dhabi Islamic Bank  on Monday reported a 4.5 per cent year-on-year increase in 2018 third-quarter net profit to Dh589.5…

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Islamic Finance

Islamic finance debate highlights need for standardisation

October 22, 2018

The Qatar Financial Centre, one of the world’s leading and fastest growing onshore business and financial centres, partnered with Reuters…

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