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…
Islamic Finance
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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…
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,…
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…