Burgan Bank can take advantage of new business opportunities with capital increase
The bank set the subscription period between 20 September and 10 October and plans to issue 240,581,530 new shares at…
Islamic Finance
6044 articles found
ITFC to Implement U.S. $3 Billion Framework Agreements through two new Financing Agreements to Support Egypt’s Main Sectors
The International Islamic Trade Finance Corporation has announced the signing of two new Agreements between ITFC & the Government of…
Abu Dhabi banks report over $4.5bn income in H1
The net income of commercial and Islamic banks operating in Abu Dhabi amounted to Dh16.6 billion ($4.51 billion) during H1…
Bahrain Islamic Bank wins Most Innovative Islamic Bank for 2018
Bahrain Islamic Bank has emerged as the winner of the prestigious ‘Most Innovative Islamic Bank Award’ for the year 2018…
Wahed Invest robo-adviser expands with new Islamic index funds
New York-based Wahed Invest has launched two sharia compliant index-tracking funds under its robo-adviser platform, as the firm looks to…
Kuwait’s Warba Bank obtains capital increase approval from CMA
Kuwait-based Warba Bank has announced that it obtained Capital Market Authority’s (CMA) approval to increase its capital by 50 per…
Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike
The sale of Islamic bonds in the Gulf fell in the first half of 2018 as increasing oil prices lessened…
Bahrain Islamic Bank inks Fontana Project finance deal
Bahrain Islamic Bank (BisB) said it has signed a joint venture agreement with Royal Ambassador Property Management, a real estate…
Sukuk issuance to reach $100bn in 2018: Moody’s
Global sukuk issuance is expected to reach $90-$100 billion in 2018, in line with 2017 levels, says Moody's Investors Service…
Bahrain Islamic Bank Announces Its Partnership With Royal Ambassador Property Management
Bahrain Islamic Bank (BisB) has signed a joint venture agreement with Royal Ambassador Property Management, a real estate property management…
Adib plans to open new branches in UAE
Abu Dhabi Islamic Bank (ADIB) plans to open three more branches in UAE this year, with a thrust on digital…
Middle East sukuk thaws as bank pair hit the road
“It would be wrong to say that there’s a constructive environment throughout emerging markets, but Gulf credits, particularly high grade…