Saudi's Al Rajhi Bank's profits rise 6.3 pct, meets forecasts
Al Rajhi Bank, Saudi Arabia's second-largest bank by assets, on Monday reported a 6.3 percent rise in second-quarter net profit,…
Islamic Finance
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QIIB records QR465.3m net profit in first half
QIIB, one of the leading Islamic lenders in Qatar, has recorded an impressive QR465.3m net profit for the first half…
Banks push Qatar higher, Mobily's loss dampens Saudi
Banks pushed Qatar's stock market higher on Monday while Saudi Arabia's market edged down as telecommunications firm Mobily plunged in…
Regional corporates send out sukuk-ready signals
In the world of capital markets, being ready to issue sukuk or debt capital market instrument is one sign of…
Major UAE Banks Post Strong First-Half Financial Results: Details
Leading Dubai banks such as Emirates NBD, Emirates Islamic and Dubai Islamic Bank posted their first-half results on Wednesday, reporting…
Kuwait Finance House studying merger with Ahli United Bank
Kuwait Finance House is looking to merge with Bahrain'sAhli United Bank, Kuwait's biggest Islamic lender said in a statement on…
UAE bank launches app to enable fingerprint access to accounts
Abu Dhabi Islamic Bank has released a new version of its mobile banking app which enables customers to make cash…
Qatar Islamic Bank hit by deposit outflow, while profit rises
Qatar Islamic Bank was hit by a 6.9 billion riyals ($1.9 billion) deposit outflow in the second quarter, which analysts…
Bank Nizwa reports first H1 profits
Total assets rose 45 per cent to OMR 613 million. Financing to customers was up 39 per cent to OMR…
World Bank ready to assist Iraq's rebuilding efforts
The World Bank said on Wednesday it would shore up support for the long-term reconstruction of areas in Iraq liberated…
Dubai Islamic Economy Development Centre Opens Nominations for 5th Edition of Islamic Economy Award
The Dubai Islamic Economy Development Centre (DIEDC) announced the commencement of nominations for the fifth edition of the Islamic Economy…
Saudi finance ministry says 13 banks qualify for domestic sukuk programme
Saudi Arabia's finance ministry said on Tuesday that 13 domestic banks had qualified to participate in the government's planned issuance…