First Shariah-Compliant Crypto Exchange Set to Launch in the UAE
ADAB Solutions, a UAE-based company, is reportedly going to launch the very first cryptocurrency exchange compliant with Shariah law. The…
Islamic Finance
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ADIB shareholders approve $272mln rights issue
Abu Dhabi Islamic Bank (ADIB) shareholders have approved a board proposal to raise up to 1 billion dirhams ($272 million)…
Islami Bank plans to open representative office in Dubai
Islami Bank Bangladesh has recently sought regulatory approval to set up a representative office in Dubai to facilitate trade and…
Emirates Islamic offers incentive on EV financing
Emirates Islamic, a leading Islamic financial institution in the UAE, is encouraging customers to Go Green by offering up to…
National Bank of Bahrain in talks to increase its stake in BIB
National Bank of Bahrain is in talks to buy Islamic Development Bank’s entire stake in the Sharia-compliant Bahrain Islamic Bank…
UAE’s top-four banks to maintain stable profitability into 2019, report says
The UAE’s top four banks have performed well in the second quarter of this year on the back of higher…
Bahrain Islamic Bank Provides Financing for Potential Residents of the Janayin Al Hamala Project
Bahrain Islamic Bank (BisB) has recently signed an agreement with Kingdom Properties Real Estate S.P.C. to provide property financing for…
Increasing Islamic banking’s global linkage
Are you working to expand Maybank Islamic into Dubai? It’s something that we’re considering. I think for us it…
How Lombard Odier got into the Islamic investment space
Lombard Odier has launched of a full suite of Shari’ah-compliant investment solutions, the first in its 222-year history. The exclusive…
Saudi mortgage growth to aid rebound in lending at Al Rajhi Bank
A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank, the kingdom’s second-biggest lender,…
Ithmaar Holding and its wholly-owned subsidiary, Ithmaar Bank, report half-year profits
Ithmaar Holding B.S.C., a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank,…
Bahrain Islamic Bank posts net profit for First Half of 2018
Bahrain Islamic Bank’s Chairman of the Board of Directors, Dr. Esam Abdulla Fakhro, confirmed that the Bank has achieved a…