Central Bank Pushes for Islamic Banking at Bahrain Conference
The Central Bank has announced that a delegation led by Noor Ahmad Agha, the head of the bank, attended the…
Islamic Finance
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Dubai Islamic Bank nine month 2024 group financial results
Strong growth in Total Income by 17% YoY to AED 17 billion. Pre-Tax Profit of AED 6 billion, a robust…
ADIB becomes first UAE bank to safely test fractional Sukuks offering to retail investors
Abu Dhabi Islamic Bank (ADIB) announced today that it has successfully tested the fractional Sukuk technology in a safe environment…
Al Salam Bank Launches ASB Capital: A New Asset Management Firm in the DIFC with AUMs of USD 4.5 Billion
Al Salam Bank, Bahrain's largest Islamic bank, announces the launch of ASB Capital, a newly established Category 3A asset management…
Bait Al-Mashura Journal ranks first in Arab World for specialisation of Islamic Economics and Finance
Bait Al-Mashura Journal, published by Bait Al-Mashura Financial Consultations Company, ranked first in the Arab world for the specialisation of…
ADIB delivered an exceptional performance in the first nine months of 2024
Net Profit after tax grew 24% YoY to AED 4.6 billion. Quarterly profit (after tax) of AED 1.6 billion…
Sharjah Islamic Bank's profit before tax Increased by 29% for nine month period ended 30 September 2024
Sharjah Islamic Bank announced an increase in its profit before tax by 29 percent, amounting to AED 992.1 million for…
Ithmaar Bank enables digital onboarding in Bahrain
Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new digital onboarding service, allowing new corporate clients to open…
IsDB to finance $3bn in 20 socio-economic projects across 17 countries
The Islamic Development Bank is set to finance over $3 billion for 20 socio-economic development projects across 17 member nations,…
Ahli islamic wins Excellence in Retail Islamic Banking award 2024
ahli islamic’s outstanding performance gained top honors at the recently held Alam Al Iktisaad Awards 2024, receiving the prestigious ‘Excellence…
Retail investors are Abu Dhabi Islamic Bank PJSC's biggest owners and were hit after market cap dropped د.إ2.7b
If you want to know who really controls Abu Dhabi Islamic Bank PJSC, then you'll have to look at the…
Islamic banking in Egyptian market hits $15.23bln in June 2024
A recent report by the Egyptian Islamic Finance Association (EIFA) highlights the robust performance of Islamic banking in Egypt. In…