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…
Islamic Finance
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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…
National Bank of Fujairah posts net profit of Dh471.9 million
The National Bank of Fujairah has reported net profit of Dh471.9 million for the year ended December 31, 2017, compared…
Noor Bank opens new Bur Dubai branch
Noor Bank, a leading Shari’a compliant bank in the UAE, has announced the opening of a new 1,400 square feet…
KFH Capital Trusts KFH Group performance in Q1 2018
Chief Investment Banking Officer of KFH Capital, investment arm of KFH Group “KFH”, Mr. Abdullah Al-Haddad said that KFH Capital…
Dubai Islamic Bank issues $1 billion senior unsecured Sukuk
The issuance emanating from DIB’s $5 billion Sukuk Programme carries a profit rate of 3.625 per cent and is the…
Bahrain's Salam Bank to launch Islamic insurance products in Algeria in 2018-CEO
Bahrain's Salam Bank will launch Islamic insurance products and Visa credit card services in Algeria this year as part of…
Emirates selects banks to arrange $1 billion Sukuk
Sources, who requested anonymity owing to the privacy of the information, said the Dubai Government-owned carrier also picked Citigroup Inc.,…
QIIB’s 2017 net profit rises 6% to QR832mn
Achieving “remarkable” growth across various items provided in its budget, leading Islamic bank QIIB posted a net profit of QR832mn…
DIB brings first GCC bank paper this year
Dubai Islamic Bank, the largest Islamic bank in the UAE by total asset size,has mandated eight banks for a five…
Al Rayan Bank wins ‘Best Islamic Bank in the UK’ honour
Al Rayan Bank (UK), the country’s largest and oldest Islamic retail bank, has had an impressive start to 2018 by…