Bank Nizwa net profit surges 97 per cent in third quarter
As the first and leading fully-fledged Islamic bank in Oman, Bank Nizwa announced its 2018 third quarter financial results registering…
Islamic Finance
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Emirates Islamic Q3 net profit up 32pc to $197m
Emirates Islamic, a leading Islamic financial institutions in the UAE, has posted a net profit of Dh657 million ($197 million)…
Citibank honours QIIB with ‘Excellence in Straight Through Processing’ award
Citibank New York has chosen QIIB for ‘Excellence in Straight Through Processing (STP) Award’ which was handed over at a…
UAE leads Islamic economy
The UAE ranks top globally across five Islamic economy sectors, according to a report that forecasts Islamic finance assets would…
Kuwait Finance House- Bahrain launches community based banking services
As part of its efforts to innovate and invest in the field of FinTech and the promotion of digital banking…
Islamic banking on the rise in UAE, says study
Islamic banks are outperforming their conventional peers in customer acquisition with 55 per cent of the UAE consumers now having…
Emirates Islamic Bank announces winner of Dh1m
Emirates Islamic bank announced this week the lucky winner of its monthly Kunooz Savings Account draw. Hanim Mustafa Mohamed,…
Oman mandates banks for 7-year dollar sukuk sale
The government of Oman has hired banks to arrange a global investor call ahead of a planned sale of dollar-denominated…
ADIB profit rises 4.5% to Dh589.5m in third quarter
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…
Islamic finance debate highlights need for standardisation
The Qatar Financial Centre, one of the world’s leading and fastest growing onshore business and financial centres, partnered with Reuters…
Bahrain Fintech Bay launches Islamic finance centre
Bahrain FinTech Bay (BFB) has launched the Global Islamic & Sustainable FinTech Center (GISFC) with local, regional and international members…
SIB’s 9-month net profits rise by 10.5 per cent
Sharjah Islamic Bank has posted Dh397.7 million net profits for the first nine months of 2018, up 10.5 per cent…