Jump in Islamic tax liabilities worries Saudi banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings…
Islamic Finance
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Dubai Islamic Bank boosts emirate's sukuk listings to over $53bn
Dubai Islamic Bank the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on…
Al Baraka Banking Group receives international awards
Al Baraka Banking Group B.S.C. and four of its subsidiary banking units received the Best Islamic Financial Institution Award of…
Emirates Islamic wins ‘most improved branches’ award
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, won the ‘Most Improved Branches’ award at the…
QIB gets nod to raise limit of its sukuk plan to $4bn
Qatar Islamic Bank’s annual general assembly has approved the board of director’s recommendation to increase the limit of the QIB…
Maisarah sets up sukuk programme
In demonstration of its contribution to the growth of the Islamic capital markets in Oman, Maisarah Islamic Banking Services of…
The 'black magic' bank heist
One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic…
KFH reaps 28 renowned international awards in 2017
Kuwait Finance House continued its outstanding performance in all indicators and bagged 28 renowned international awards in 2017 at the…
Noor Bank Wins Two Accolades at the Service Olympian Awards 2017 in Dubai
Noor Bank has won the Best Social Media Customer Experience award and the runner-up title in the Best Benchmarking Index:…
Saudi developer plans debut sukuk for social housing
Saudi developer Salman Abdullah Bin Saedan Real Estate Group is planning a debut issuance of Islamic bonds in the coming…
Dubai's Al Ahli secures $340m financing to expand mall
Al Ahli Holding Group, a major UAE conglomerate, has secured an Islamic club financing facility worth Dh1.25 billion ($340 million)…
Chief executive of Saudi-based ICD departs
The chief executive of the Islamic Corporation for the Development of the Private Sector has stepped down after a decade…