Islamic Finance

Fraud & Ethics

Sharjah Islamic Bank joins 'haifin' platform to combat fraud, support digital transformation in banking sector

May 20, 2024

In a move to enhance efforts to combat fraud and continue digital transformation plans in the banking sector, aligning with…

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Islamic Finance

Saudi banks’ money supply surges 8% in March to reach $753bn

May 20, 2024

Saudi banks’ money supply rose 8 percent in March, as compared to the same month last year, to reach SR2.82…

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Islamic Finance

Dentons advises Kuwait International Bank on its US$300 million Tier 1 capital sukuk issuance

May 14, 2024

Dentons has advised Kuwait International Bank K.S.C.P. on its successful US$300 million Tier 1 capital sukuk issuance, with the participation…

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Islamic Finance

QIB announces new millionaire of Misk Account Draw

May 14, 2024

Qatar Islamic Bank, Qatar’s leading digital bank, continues to reward its customers and announces the new Misk Millionaire of the…

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Islamic Finance

Ahlibank’s Q1 results showcase growth and development, highlighting its leading position in the banking sector

May 13, 2024

ahlibank announced its results for the first quarter of 2024, reflecting its commitment to excellence in the banking sector in…

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Islamic Finance

ADIB Business Banking Division unveils geographical expansion plan across the UAE

May 13, 2024

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announces its expansion plan to better serve its Business Banking customers…

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Islamic Finance

Islamic Development Bank picks banks for 5-Yr sukuk sale, IFR reported

May 8, 2024

The Islamic Development Bank, a Jeddah-based multilateral lender, has mandated banks to arrange a sale of U.S. dollar-denominated five-year Islamic…

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Islamic Finance

At Arab Coordination Group Forum in Riyadh, Islamic Development Bank Unveils Multilingual Second Edition of Evaluation Glossary

April 29, 2024

The Arab Coordination Group Forum convened during the 50th IsDB Annual Meetings in Riyadh, Kingdom of Saudi Arabia.   At…

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Islamic Finance

IsDB chief vows to support private sector in member states

April 29, 2024

Since its establishment over 30 years ago, the Islamic Development Bank has supported its member states with $151 million in…

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Islamic Finance

Dubai Islamic Bank first quarter 2024 group financial results

April 24, 2024

Strong growth in Total income by 27% YoY to AED 5.6 billion. Net Profit (Pre-Tax) of AED 1.85 billion, a…

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Islamic Finance

Emirates Islamic debuts $500 million financing facility

April 19, 2024

Emirates Islamic, a leading Islamic financial institution in the UAE, has announced the successful conclusion of its debut Dh500 million…

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Islamic Finance

QIIB awarded highest certification in payment security, data protection

April 8, 2024

QIIB announced that it has been awarded the PCI-DSS - 4.0 certification, which is the highest certification in payment security…

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