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…
Islamic Finance
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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…
Kuwait Finance House Q2 net profit up 17.1 pct
Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 17.1 percent rise in second-quarter net profit according to…
SIB’s net profits up 6.2% in first half of 2017
Sharjah Islamic Bank reported a net profit of Dh272.9 million for the first half of 2017, up 6.2 per cent…
Ajman Bank records a drop in net profit for the first half of 2017
In an announcement on the Dubai Financial Market, Ajman Bank reported a slight loss in net profirt for the first…
Sharjah Islamic Bank's H1 profit increases 6.2%
Sharjah Islamic Bank net profit increased 6.2 per cent to Dh272.9 million in the first half of 2017 compared to…
Boubyan Bank records KD 21.9m in net profits
Boubyan Bank has recorded a net profit growth of 16% in the First half of 2017. The bank’s net…
Quartet values US bid to resolve Qatar crisis
The United Arab Emirates, Kingdom of Saudi Arabia, Kingdom of Bahrain and Arab Republic of Egypt on Tuesday issued the…
DIFC and DIEDC set to launch Islamic FinTech initiatives
“With the global Muslim population expected to grow by 73 per cent between 2010 and 2050, there will undoubtedly be…
Saudi Arabia to issue domestic ‘sukuk’ Islamic bonds this month: Media reports
Saudi Arabia will issue a local currency sukuk, or Islamic bond, this month, Saudi finance minister Mohammed al-Jadaan told Al…