UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023
Abu Dhabi Islamic Bank facilitated Dhs5.6bn (1.52bn) worth of sustainable projects in 2023, the banking group said in its ESG…
Islamic Finance
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Saudi Islamic banks positioned for robust growth amidst economic expansion: Fitch Ratings
Saudi Islamic banks are poised to maintain a robust performance this year and in 2025, buoyed by non-oil economic growth…
ADIB and DIFC forge fintech pact
Abu Dhabi Islamic Bank has announced a strategic collaboration with DIFC Innovation Hub, home to the first and largest financial…
Khaleeji Bank launches summer campaign on credit cards with 100% cashback
Khaleeji Bank has announced a new campaign for its credit cardholders, offering them the chance to win 100% Cashback during…
QCB issues treasury bills, Islamic sukuk worth QR4 billion
Qatar Central Bank issued Treasury bills and Islamic sukuk with maturities of 7 days, 28 days, 91 days, 182 days,…
Saudi Arabia taps debt markets with three-part dollar sukuk sale
Saudi Arabia is looking to raise money through the sale of dollar-denominated sukuk to fund spending on Crown Prince Mohammed…
Meethaq goes live on Temenos for retail and corporate core banking
Temenos has announced that Meethaq Islamic Bank, from Bank Muscat, has successfully implemented Temenos Core for Retail and Corporate banking. …
BankDhofar Showcases cutting-edge banking solutions at COMEX 2024
BankDhofar and Dhofar Islamic are participating at the 33rd edition of COMEX 2024, the Sultanate of Oman's premier Technology, Communications,…
Oman’s Meethaq Sukuk Company SPC repays $118mln sukuk
Oman’s Meethaq Sukuk Company SPC has repaid its OMR 45.6 million ($118 million) Meethaq Sukuk Series 2, which matured on…
Sharjah Islamic Bank joins 'haifin' platform to combat fraud, support digital transformation in banking sector
In a move to enhance efforts to combat fraud and continue digital transformation plans in the banking sector, aligning with…
Saudi banks’ money supply surges 8% in March to reach $753bn
Saudi banks’ money supply rose 8 percent in March, as compared to the same month last year, to reach SR2.82…
Dentons advises Kuwait International Bank on its US$300 million Tier 1 capital sukuk issuance
Dentons has advised Kuwait International Bank K.S.C.P. on its successful US$300 million Tier 1 capital sukuk issuance, with the participation…