Abu Dhabi Islamic Bank makes key hire for digital transformation
Abu Dhabi Islamic Bank has appointed Serhat Yildirim as its new chief digital officer as part of the bank’s efforts…
Islamic Finance
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Islamic banks' assets rise to AED 565 billion in H1 2018
The Central Bank of the UAE (CBUAE) has announced that the assets of Islamic banks increased with 6.7 per cent…
Stellar Lumens Gets Official Approval from Bahrain Central Bank as Sharia Compliant
Bahrain Central Bank (CBB) reported earlier today, on August 1, that they have officially approved Stellar.org project as Sharia Compliant.…
Finance Monthly announces Mohammed Kateeb as recipient of CEO Award 2018
Path Solutions has announced that its Group Chairman & Chief Executive Officer Mohammed Kateeb has been selected as winner of…
Bank ABC Islamic profit hits $15.6m
Bank ABC Islamic yesterday announced that its net profit for the first half of 2018 was $15.6 million, three per…
Stellar approved as ‘Sharia Compliant’ by the Central Bank of Bahrain: XLM/USD resumes the uptrend
The Central Bank of Bahrain is reported to have approved one of the top ten cryptocurrency projects, Stellar.org as Sharia…
Al Hilal Bank partners with Abu Dhabi Global Market to promote Islamic finance
Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market, the International Financial Centre in Abu…
GCC bonds, sukuk issuance rises 10%
The aggregate primary issuance of bonds and sukuk by Gulf Cooperation Council entities, including central bank local issuances and GCC…
Murabaha Capital ropes in SRB as Islamic advisor
Murabaha Capital has signed up Shariyah Review Bureau as its sharia advisor. As per the deal, SRB will supervise…
Emirates NBD in talks to roll over $1.7bn loan
Emirates NBD (ENBD), Dubai’s largest lender, is discussing with several international banks a roll-over of a $1.7bn syndicated loan it…
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…
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…