Saudi's Samba Q2 profit down 3.3 percent
Samba Financial Group , Saudi Arabia's third-largest bank by assets, reported a 3.3 percent drop in second-quarter net profit on…
Islamic Finance
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Ithmaar Bank, CEO win top CSR awards
Ithmaar Bank was honoured at a regional conference for its continuous support of the community and presented with the Best…
Abu Dhabi’s Al Hilal Bank issues $100 million private sukuk
Abu Dhabi government-owned Al Hilal Bank has raised $100 million through a private placement of sukuk, or Islamic bonds, sources…
Knowing The Very Basics Of A Murabaha Loan Structure
Islamic financing in various forms and shapes is playing an increasingly important role within the overall money markets. In…
Alizz Islamic bank achieves better performance
Alizz Islamic Bank has announced its second quarter results for 2017. The growth of the numbers is in line…
Al Baraka Banking Group net income Q2 2017 increases 19%
The Bahrain based leading Islamic banking multinational, Al Baraka Banking Group B.S.C, reported a significant improvement in its profitability indicators…
Islamic bank Ithmaar exploring sale of stake in Bahrain-based BBK
Bahrain's Ithmaar Holding is exploring the sale of its 25.4 percent stake in BBK BSC , which has operations in…
Abu Dhabi's Senaat asks proposals for dollar sukuk – sources
Abu Dhabi's Senaat, a state-owned investor in the emirate's industrial sector, has asked banks for proposals to arrange a U.S.…
Islamic Development Bank seeks proposals for dollar sukuk – sources
Saudi Arabia’s Islamic Development Bank (IDB) has asked banks for proposals to arrange a U.S. dollar-denominated sukuk, banking sources said…
Debt capital markets to bridge the funding gap
In the context of tightening liquidity and rising funding costs putting pressure on bank funding analysts expect a surge in…
Islamic Development Bank seeks proposals for dollar sukuk
Saudi Arabia’s Islamic Development Bank has asked banks for proposals to arrange a US dollar-denominated sukuk, banking sources said on…
Abu Dhabi Islamic Bank praises UAE Central Bank clampdown on mis-selling investments
Abu Dhabi Islamic Bank, the emirate’s largest Sharia-compliant lender, has hailed efforts by the central bank to clamp down on…