Islamic Finance

Islamic Finance

Abu Dhabi Islamic Bank PJSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024

July 26, 2024

Abu Dhabi Islamic Bank PJSC reported earnings results for the second quarter and six months ended June 30, 2024. For…

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Islamic Finance

Oman’s NBO Muzn unveils Shariah compliant alternative to bill discounting

July 25, 2024

National Bank of Oman Muzn Islamic Banking has announced the launch of its ground-breaking product, Term Wakala Finance, an alternative…

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Islamic Finance

QIB half-yearly net profit rises 5.6% to QR2,065m

July 19, 2024

Qatar Islamic Bank  has announced the results for the six months’ period ended 30 June 2024. Net Profit attributable to…

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Islamic Finance

Dhofar Islamic empowers the young with new youth account

July 17, 2024

Dhofar Islamic, the Islamic Banking window of BankDhofar, is pleased to introduce its latest offering, the Youth Account, designed to…

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Islamic Finance

Islamic banks account for 21% of gross domestic credit: CBUAE

July 17, 2024

Gross credit provided by Islamic banks increased by 1.1% in the first four months of 2024 to AED433.7 billion, constituting…

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Hedge Funds & Alternative Investments

Sharjah debuts in euros to ease funding pressure: IFR

July 15, 2024

The Emirate of Sharjah issued its debut euro-denominated bond last week in a bid to diversify its funding. The emirate…

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Islamic Finance

Nasdaq Dubai Welcomes USD 500 million Sukuk by the Sharjah Islamic Bank

July 12, 2024

Nasdaq Dubai welcomes the listing of USD 500 million Sukuk issued by the Sharjah Islamic Bank (SIB). This marks the…

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Islamic Finance

Emirates Islamic recognised as the ‘Most Innovative Islamic Bank in the UAE’ at Euromoney Islamic Finance Awards 2024

July 10, 2024

Emirates Islamic has been recognised by the prestigious Euromoney Islamic Finance Awards 2024, and was awarded ‘Most Innovative Islamic Bank…

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Islamic Finance

Pact signed to promote Islamic finance in Oman

July 10, 2024

In a strategic move to bolster Islamic financial investments and foster stronger ties between the financial and advisory sectors, the…

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Hedge Funds & Alternative Investments

UAE raises $1.8bln in bids for Q3 2024 Islamic bonds

July 4, 2024

The UAE has attracted AED 6.76 billion ($1.8 billion) in bids for its bonds under the Q3 2024 sukuk programme.…

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Islamic Finance

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

July 4, 2024

Abu Dhabi Islamic Bank  facilitated Dhs5.6bn (1.52bn) worth of sustainable projects in 2023, the banking group said in its ESG…

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Islamic Finance

Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings

June 27, 2024

Saudi Islamic banks are poised to maintain a robust performance this year and in 2025, buoyed by non-oil economic growth…

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