His Highness the PM receives newly appointed World Bank official
His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah received at Seif Palace Thursday Deputy Prime Minister and Minister…
Islamic Finance
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Panin Dubai Syariah selects ICS Banks core banking platform
A bid was opened to Islamic banking software providers, and ICSFS was awarded the deal due to its “comprehensive”, integrated…
First Islamic Robo-Adviser To Launch In Mena
One of the world’s first Sharia-compliant “robo advisers” plans to start operations in the UAE in the next fortnight, as…
Dubai's Emirates Reit plans debut sukuk of at least US$300m this year
Dubai-based Emirates Reit, a Syariah-compliant real estate investment trust, plans to issue a debut Islamic bond of at least US$300…
Bank Sohar Reports Profit Growth Of 46.60 Per Cent
Bank Sohar’s net profit grew by 46.60 per cent to OMR18.976 million for the nine months ended September 30, 2017…
Bahrain's Ibdar buys Boston office of Amazon subsidiary
Bahrain-based wholesale Islamic investment bank, Ibdar Bank, has announced the acquisition of a prime office building in Boston, United States.…
Dubai's Noor Bank Says Managing Director To Leave
Dubai based Noor Bank has announced the departure of Hussain Al Qemzi from his position as managing director, effective from…
Hussain Al Qemzi Leaves Noor Bank
Noor Bank on Wednesday announced the departure of Hussain Al Qemzi from his position as Managing Director of Noor Bank,…
IFSB and IILM sign MOU
The Islamic Financial Services Board, represented by Mr. Zahid ur Rehman Khokher, Acting Secretary-General and International Islamic Liquidity Management Corporation,…
International Islamic Bank Goes Live on ICS BANKS ISLAMIC System from ICSFS
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic…
Saudi Arabia joins Islamic finance body
Saudi Arabia’s central bank has joined an international standard-setting body for Islamic finance, a move that could help standardize industry…
ADIB profits jump 11% on higher fee, investment income
Abu Dhabi Islamic Bank reported on Sunday Dh563.9 million in net profit for the third quarter of 2017, marking a…