Al Rajhi Bank Q2 profit climbs 17.7%
Al Rajhi Bank, Saudi Arabia’s biggest bank by market value, reported a 17.7 per cent surge in its second-quarter net…
Islamic Finance
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ADIB plans a Dh1.16bn rights issue and tapping the sukuk market
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, plans to approach both debt and equity capital markets…
Bahrain’s Bank Alkhair sells stake in Turkish investment firm
Bahrain’s Bank Alkhair has sold its majority stake in Turkish investment firm Alkhair Capital a decade after it entered the…
Trade Bank of Iraq plans to open its first branch in Riyadh
Trade Bank of Iraq (TBI) has revealed plans to open its first branch in the Kingdom of Saudi Arabia (KSA)…
Kuwait International Bank reports net profits for 1H 2018
Kuwait International Bank reported a net profit of KD 12 million attributable to shareholders and earnings per share at 12.82…
Kuwait Finance House reports 19% rise in second quarter profit
Kuwait Finance House, the Sharia-compliant lender mulling a merger with its Bahraini counterpart Ahli United Bank, reported a 19 per…
Dubai Islamic Bank partners with Emirates Skywards
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has partnered with Emirates Skywards to launch a co-branded…
Dubai Islamic Bank Group 1st Half 2018 Financial Results
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE…
New products, standards buoy Islamic trade finance business
Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look…
UAE adopt AAOIFI standards
Accounting and Auditing Organisation for Islamic Financial Institutions, the standard-setting body for the Islamic financial industry welcomes the Central Bank…
KFH, Bahrain's Ahli United Bank mull possible merger
Kuwait Finance House has invited Bahrain's Ahli United Bank to sign a Memorandum of Understanding and Non-Disclosure Agreement to pursue…
Sharjah Islamic Bank’s net profit up 4% in first half 2018
Sharjah Islamic Bank (SIB) on Sunday reported Dh283 million net profit for the first half 2018 compared to Dh272.9 million…