Islamic banks and Takaful sectors likely to witness more mergers
The high-profile merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) in the UAE last year…
Islamic Finance
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Nasdaq Dubai welcomes listing of $1.25bln Sukuk by Islamic Development Bank
Nasdaq Dubai has welcomed the listing of a US$1.25 billion Sukuk issued by the Islamic Development Bank, IDB. The…
DIB Recognized as Best Performing Outlet by Dubai Service Excellence Scheme
Dubai Islamic Bank, the largest Islamic bank in the UAE, has been awarded ‘Best Service Performing Outlet’ for the Dubai…
We will see more bank mergers in the GCC soon
More Islamic and conventional banks in the GCC are likely to merge in the coming future, according to an expert…
Creditors tell High Court that Dana Gas sukuk get-out is "absurd"
A claim by Dana Gas that it does not have to pay back its Islamic bonds because they are no…
Dubai’s Arqaam Capital launches specialist fixed income funds in DIFC
Dubai-based investment bank Arqaam Capital has announced the launch of two specialist fixed income funds located within Dubai International Financial…
ADGM Partners with ADIB to Enhance Abu Dhabi's Fintech Ecosystem
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, today marked a new partnership with Abu Dhabi…
The $101 Million syndicated Murabahah financing facility for Bahrain Islamic Bank closed
Bahrain Islamic Bank B.S.C. has successfully closed a debut $101 million one-year Syndicated Murabahah Financing Facility. The Facility, which…
Global Finance names QIB ‘safest Islamic bank in Qatar’
Qatar Islamic Bank has been recognised by Global Finance as “The Safest Islamic Bank in Qatar” and “one of the…
Dubai hospital operator secures $100m financing deal
Emirates Islamic, together with Mashreq Bank, Dubai Islamic Bank and Arab African International Bank, have announced the conclusion of an…
Bahrain issues new regulations for Islamic banks
The Central Bank of Bahrain has announced new Shariah governance regulations applicable to wholesale and retail Islamic banks in Bahrain.…
Profitability of Gulf Islamic banks to deteriorate in 2017, S&P says
The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play, S&P…