IMF’s Islamic banking regulation framework: Playing by the rules
The official “acceptance” of Islamic banking by the International Monetary Fund through the formal recognition of “Core Principles for Islamic…
Islamic Finance
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Franklin Templeton boosts holdings of Gulf bonds, Islamic securities
Franklin Templeton Investments is taking advantage of bouts of volatility in emerging markets to add to holdings of Gulf bonds…
Islamic banking industry grew by 8.6% from 2016 to 2017
The number of full-fledged Islamic banks and Islamic windows of conventional banks in 20 countries stood at 178 and 84…
"GII Islamic REIT" acquires office property in Dubai for USD 32 m.
“GII Islamic REIT” successfully concluded the acquisition of a prime Downtown Dubai office property, spread over two floors in the…
Dubai Islamic Bank donates Dh10m to ERC
Dubai Islamic Bank has donated Dh10 million Zakat money to Emirates Red Crescent (ERC). Abdul Razzaq Al Abdullah, head…
QNB’s al-Kuwari among top executives featured in KPMG’s ‘2018 Global CEO Outlook’
QNB Group chief executive Ali Ahmed al-Kuwari is one among the 1,300 C-suite executives of large international firms to have…
QIB, QPAY to launch Qatar’s first Islamic PoS solution
Qatar Islamic Bank has signed an agreement with Qatar’s largest fintech company, QPAY International, to launch the first Islamic point…
Global sukuk issuances surge 44%
A total of $12 billion (Dh44 billion) worth of sukuk (Islamic bonds) was issued in March 2018, which brought global…
Dubai Islamic Bank Receives Two Prestigious ISO Certifications
Two key departments of Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received ISO certifications, making it…
Islamic finance gets IMF backing
The Islamic banking industry is set to flourish further even in non-conventional markets as the International Monetary Fund (IMF) approved…
Dubai Bank raids Kenyan rivals for top management
Giant Gulf lender Dubai Islamic Bank’s local subsidiary, DIB Bank Kenya, has hired top executives from leading local rivals, taking…
Oman Arab Bank, Alizz Islamic explore merger
Oman Arab Bank, a unit of Ominvest and Alizz Islamic Bank are exploring a merger, the two banks said on…