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)…
Islamic Finance
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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…
Bank ABC 2017 net profit up 6pc to $193m
Bahrain-based Bank ABC (Arab Banking Corporation) has posted consolidated net profit of $193 million for the year 2017 as against…
Islamic banking in Egypt increases 16 % in 2017: official
The market share of Islamic finances in Egypt climbed 16 percent by the end of 2017 recording 240 million Egyptian…
Bahrain Islamic Bank posts BD 10.1 million net profit
Bahrain Islamic Bank announced strong financial results that have positively impacted all the Bank's operations. The Bank recorded a…
UAE leads Arab markets in Islamic fintech
Published in light of the UAE’s Innovation Month, the analysis finds that tailored regulation and clarity on rules could aid…
Saudi exchange ‘aims to dominate Arabian Gulf markets’
The Saudi stock exchange, or Tadawul, aims to become the dominant market in the Arabian Gulf with further moves to…
Dubai Islamic Bank to begin branchless banking by June
Dubai Islamic Bank Pakistan, the wholly owned subsidiary of UAE-based first Sharia-compliant financial institution across the world, announced on Thursday…
Al Rajhi Bank: Looking to the future
What are your views on the Al Rajhi Bank’s performance in the last 12 months? Well I think the…
Bahraini Bank, Investment Co. Can’t Dodge Ch. 11 Suits
A New York bankruptcy judge won't reconsider his October ruling forcing a Bahraini bank and the investment arm of a…
Noor Bank weighing sale of Islamic bonds
Dubai’s Noor Bank PJSC is considering the sale of Islamic bonds as the Sharia-compliant lender seeks long-term funding, its chief…
ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments
Profits at Abu Dhabi Islamic Bank, the capital’s biggest Sharia-compliant lender, rose 33.4 per cent increase in the fourth quarter…