Al Baraka Banking Group seeks to strengthen relations with Iraqi banks
The visit, at the invitation of the Association of Iraqi Private Banks, sought to improve the partnerships between the Arab…
Islamic Finance
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Dividends expected to drive UAE bourses
Investors seeking dividends are expected to go on a buying spree this week on UAE bourses, even as expectations of…
First Abu Dhabi Bank issues $610 mln formosa bond
First Abu Dhabi Bank, the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, sources…
Bahrain tops regional Islamic finance table
Bahrain has topped the regional rankings of a key Islamic finance league table. It also came second globally in…
Sharjah Islamic Bank net profit rises to Dh478m
Sharjah Islamic Bank on Monday reported a full year 2017 net profit of Dh477.7 million compared with Dh462.9 million in…
Dubai Islamic Economy Development Centre to Enhance Cooperation in Islamic Economy With RIW Group
The Dubai Islamic Economy Development Centre today announced the signing of a memorandum of understanding with the Group of Strategic…
Huge potential for Islamic banking in Egypt; lack of political will stymies growth
Egypt’s Islamic bank profits are up, structural reforms are accelerating an economic rebound and banking penetration among ordinary Egyptians remains…
ADIB appoints Sami Al Afghani as Global Head of Wholesale Banking Abu Dhabi
Al Afghani holds over 30 years of experience in the banking sector and brings to ADIB extensive knowledge in corporate…
Emirates to Seek $1 Billion Sukuk to Diversify Funding
Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1 billion through…
The new investment trend: Islamic ETFs
The growing popularity of Islamic finance has led to the constant development of new Shariah-compliant investment products that are modelled…
Minister calls for enhancing Islamic finance initiatives
Qatar's Islamic lenders, which are the third largest contributor to the global growth in Shariah banking, ought to enhance its…
Qatar needs to develop regulatory framework to cement Islamic finance lead: QFC
Qatar needs to reform interbank liquidity management to study leakages from Islamic banks through interbank finance as part of a…