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…
Islamic Finance
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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…
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…
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…