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…
Islamic Finance
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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…
KD 81.6 million net profit for KFH shareholders in H1 2017
Chairman of Kuwait Finance House Hamad Abdulmohsen Al-Marzouq said that “KFH has, by the grace of Allah, realized a KD…
Malaysia in bid to lift Islamic finance
Malaysia could become the first country to incorporate the International Financial Reporting Standards in Islamic finance, said the Malaysian Institute…
First Islamic institution launches in Abu Dhabi Global Market
The new Islamic bank established by Abu Dhabi Financial Group and GFH Financial Group has commenced operations in Abu Dhabi’s…
Bank Dhofar H1 consolidated net profit down 13.27 per cent
The Omani bank showed a 60.03 per cent drop in net profit from its Maisarah Islamic banking arm, falling to…