Saudi Arabia’s IDB Plans Blockchain Financial Project
Institutional-level adoption cases for Blockchain technology are cropping up everywhere. The most recent announcement comes from Saudi Arabia, where…
Islamic Finance
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Al Rajhi Bank third-quarter profit up 13%
Al Rajhi Bank, Saudi Arabia’s second-largest lender by assets, reported a 12.7 percent rise in third-quarter net profit on Sunday,…
Arab Petroleum Investments Corp hires banks for dollar sukuk
Arab Petroleum Investments Corporation, a multilateral development bank based in Saudi Arabia, has hired banks ahead of a potential U.S.…
Qatar Islamic Bank Q3 profit up 10.9pc, in line with forecasts
Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, reported a 10.9 percent jump in third-quarter net profit…
KFH wins ‘Islamic Bank of the Year 2017 – Global’ award from the Banker
Kuwait Finance House won “Islamic Bank of the Year 2017 – Global” Award from the Banker Magazine, an international financial…
Warba Bank heads towards innovation breakthrough in Islamic banking sector
By the grace of Allah, Warba Bank, the best investment and corporate bank in Kuwait , has announced that it…
UAE banking profit growth driven by non-ordinary factors
Let’s take a deep look at the Q3 financials reported by listed companies in the heart of the economy –…
QIB receives two awards from Global Finance
Qatar Islamic Bank has received two awards from Global Finance for being the ‘Best Islamic financial institution’ in the GCC…
Masraf Al Rayan posts QR1.56bn net profit
Masraf Al Rayan posted a net profit of QR1.56bn at the end of the third quarter, the bank said yesterday.…
New release of IFSB’s Prudential Database from 17 countries shows improved Islamic banking performance
With the launch of Phase IV of the project in early 2017, four new regulatory and supervisory authorities joined the…
Revamped Islamic Economy strategy 2017-2021 on the cards
The Dubai Islamic Economy Development Centre is looking at implementing a refreshed Islamic Economy Strategy for 2017-2021 that will help…
SIB’s nine-month net profit up 7.2% to Dh335.8m
Sharjah Islamic Bank reported a net profit of Dh360 million for the first nine months of 2017, up 7.2 per…