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…
Islamic Finance
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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…
UAE Eager to Become World's Largest Islamic Fintech Hub
The UAE is the fourth-largest hub globally for Islamic fintech with a total of 12 startups operating in this space.…
QIB receives six awards from Global Finance
Best Islamic Financial Institution in Qatar 2018 award Best Global Islamic Financial Institution for Large Corporate 2018 award Best Global…
KFH ‘Safest Islamic Bank in GCC 2018’: Global Finance Magazine
Kuwait Finance House Group (KFH) won three prestigious awards from Global Finance Magazine which are: the Safest Islamic Bank in…
Oman Arab Bank and Alizz Islamic merger ‘credit positive’, says Moody’s
The proposed merger between Oman Arab Bank and Alizz Islamic Bank – the latest in a wave of planned consolidations…
ICD appoints new CEO
The Board of Directors of the Islamic Corporation for the Development of the Private Sector (ICD) in its 91st Meeting…
Islamic Development Bank plans $1b infra funds focused on Asia, Africa
The Saudi-based Islamic Development Bank (IDB) plans to launch two funds focused on Africa and Asia next year, aiming to…
QIIB’s CEO honoured with GIFA Islamic Finance Award
QIIB chief executive officer Dr Abdulbasit Ahmad al-Shaibei was honoured with the ‘Most Outstanding Leader in Islamic Finance Award-2018’ in…