Sharjah Islamic Bank net profits rose to reach 143.1 million for the first quarter 2018
Sharjah Islamic Bank (SIB) has announced its first quarter 2018 financial results and achieved a net profits of AED 143.1…
Islamic Finance
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Malaysia’s Maybank Islamic in talks with regulators to launch operations in Dubai
Maybank Islamic, the sharia-compliant division of Malaysia’s largest lender Maybank that has $165 billion of assets under management, plans to…
Abu Dhabi's Al Hilal Bank is said to uncover internal fraud
Abu Dhabi’s Al Hilal Bank uncovered internal fraud worth more than 500 million dirhams ($136 million), according to people with…
Global sukuk to grow 15%-20% in 2018, says Franklin Templeton
Global sukuk is expected to register growth of between 15% and 20% in 2018 on the back of improved macro-economic…
'Trust in Islamic banking rising fast
Customers' trust in Islamic banking will increase exponentially once the sector's assets reach $3.3 trillion by 2021 as predicted, Sultan…
ADIB recognised for online security leadership at Middle East Security Awards
Abu Dhabi Islamic Bank has been recognised for its online security efforts at the MESA Conference & Awards Ceremony organised…
QIB relocates Private Banking Center to Al Sadd branch
Qatar Islamic Bank has relocated the Grand Hamad and The Gate Mall Private Centers to the Bank’s new flagship Al…
UAE's Noor Bank lists $500m sukuk on Nasdaq Dubai
Nasdaq Dubai welcomed the listing on Tuesday of a $500 million sukuk by Noor Bank, a Sharia’a-compliant bank based in…
ASBB announces new group CEO
Al Salam Bank-Bahrain yesterday announced the appointment of Rafik Nayed as Group Chief Executive Officer (CEO) of the Bank following…
As Islamic finance grows, risk factors need more attention
The increasingly important role Islamic finance plays in the global financial industry and its unabated expansion raises questions about the…
Afghanistan Approves First Full-fledged Islamic bank
Afghanistan's central bank has granted a licence to the Islamic Bank of Afghanistan, the first lender in the country to…
Bahrain Middle East Bank partners with ICIEC
Bahrain Middle East Bank (BMB) has partnered with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC),…