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…
Islamic Finance
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Bahrain sends RFP for US dollar bond and sukuk issues
Bahrain has sent out a request for proposals to banks to arrange issues of US dollar-denominated conventional bonds and sukuk,…
Kuwait Finance House and Mastercard launch innovative Mobile Wallet Payment Service
Kuwait Finance House, the world’s leading Islamic financial institution and Mastercard, a leading technology company in the global payments industry,…
Meethaq to provide Islamic finance to OMPC
Oman-based Meethaq, the Islamic banking unit of Bank Muscat, recently signed an agreement to provide Islamic finance to the Oman…
Al Rajhi Bank reports SAR 403 million for the second quarter
Abdullah Bin Sulaiman Al Rajhi, Chairman of the Board of Directors at Al Rajhi Bank announced that during the second…
Dubai Islamic Bank plans African expansion after planting Kenyan roots
Dubai Islamic Bank has plans to solidify its foundations in the East African Islamic banking sector. Comments from DIB…
QIB named ‘Islamic Bank of the Year’ in Qatar for 5th year
Qatar Islamic Bank was recognised as the ‘Islamic Bank of the Year — Qatar” for the fifth year in a…
Abu Dhabi Islamic Bank says second quarter profit rises 8.7 per cent
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said its second-quarter net profit rose 8.7 per cent,…
ADIB Net Profit Increases By 14.1% in H1 2017 To AED 1,129.1 Million
Abu Dhabi Islamic Bank delivered a solid set of results with net profit for H1 2017 up 14.1% year-on- year…
RAKBank Group posts profit for first half
The RAKBank Group announced on Monday a consolidated net profit of Dh381.5 million for the half year ended June 30.…
KFH eyes expansion in China and Egypt
Kuwait Finance House, the Arabian Gulf’s 10th-largest lender, plans to expand in China and Egypt as the region’s banking sector…
Saudi Arabia’s Sukuk Program Established
The Debt Management Office announced on Sunday the establishment of the local currency Islamic bonds program, after banks fulfilled requirements…