Kuwait Finance House Q1 profit up 13.2 pct as investment income surges
Kuwait Finance House posted a 13 percent rise in first quarter profit from a year earlier, due to a surge…
Islamic Finance
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Dubai's Sukuk issuances now highest in world at $53.31bln
Since Dubai first announced its intention to become the capital of the Islamic economy, much progress has been made. …
Global Islamic finance assets grew by 7% to reach $2.293trillion in 2016
Global Islamic Finance Report 2017, the oldest yearbook in Islamic banking and finance, was launched yesterday in Fairmont The Palm,…
ADIB net profit increases by 20 per cent in Q1 2017
The Abu Dhabi Islamic Bank (ADIB) Group has released its Q1 2017 results with net profit up 19.8 per cent…
ADIB reports rise in first quarter profit as economy picks up
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that first-quarter net profit rose 19.8 per cent…
Masraf Al Rayan posts QR510mn Q1 net profit as core earnings surge
Masraf Al Rayan, a Shariah-compliant lender, has reported a net profit of QR510mn in the first three months of this…
Saudi Arabia’s sukuk gets Fitch rating of ‘A+’
Saudi Arabia’s US dollar-denominated sukuk has received a final rating of “A+” with a stable outlook from Fitch Ratings. …
QIB-UK finances buy-to-live property deals in London
QIB-UK, a wholly-owned subsidiary of the QIB Group, has received official licensing to directly provide Shariah-compliant Murabaha Facilities for London…
GCC Islamic banks’ growth expected to moderate in 2017-18
The economic slowdown experienced by the GCC countries following the oil price decline and consequent fiscal tightening will continue to…
Is Islamic finance ready for disruption?
Disruptive financial technologies represent the foundations of tomorrow on the platform of today. All we need to do is…
Funding expected to weaken, but liquidity to remain sound
Customer deposits which is a major cost effective funding source of Gulf Cooperation Council Islamic banks have been weakening during…
Dubai said to mull sukuk sale to plug budget deficit
Dubai is in talks with banks for a possible Islamic bond sale, people familiar with the matter said, as it…