Moody’s affirms ADIB currency issuer ratings
Moody’s Investors Service, the credit ratings agency, on Thursday affirmed Abu Dhabi Islamic Bank’s A2/Prime-1 long- and short-term domestic and…
Islamic Finance
6034 articles found
Barwa Bank wins two awards at Dubai event
Barwa Bank has won two awards at the International Finance Magazine Awards, which was held at the JW Marriott Marquis…
Saudi likely to resume local debt issues: Al Jadaan
Saudi Arabia is likely to resume domestic government debt issues within a couple of months, Finance Minister Mohammed Al Jadaan…
Albaraka Turk secures $213mln Islamic loan
Turkish Islamic lender Albaraka Turk has secured a $213 million murabaha-based loan syndication, up from the $150 million it initially…
Emirates Islamic posts strong profit growth in first quarter
Emirates Islamic, an Islamic financial institution belonging to Emirates NBD Group, reported on Wednesday a net profit of Dh221 million…
Emirates Islamic reports AED 221 million in net profits for the first quarter
According to a statement from the Islamic Bank, net profit for the first quarter of 2017 stands at AED 221…
Saudi Al Rajhi Bank net profit up 10.1 percent, RBS-backed Alawwal's profit drop
Al Rajhi Bank 1120.SE, Saudi Arabia's second-largest lender by assets, reported a 10.1 percent rise in its first-quarter net profit…
ICIEC governors to meet
Under the patronage of His Excellency the King of Kingdom of Saudi Arabia, Salman bin Abdulaziz Al Saud, the Board…
Bahrain's Al Baraka Banking Group planning dollar sukuk issue
Bahrain's Al Baraka Banking Group, a sharia-compliant lender, plans to issue U.S. dollar-denominated sukuk, banking sources said on Tuesday. …
World Finance announces winners of 2017 Islamic Finance Awards
Conventional banks may have been left reeling by 2016's numerous economic shocks, but Islamic Finance has continued to thrive over…
Qatar Islamic Bank posts 12.8% profit rise
Qatar Islamic Bank (QIB), the Gulf nation’s largest Sharia-compliant lender by assets, met the average forecast of analysts as it…
Emirates Islamic announces 'Personal Finance Sale'
The sale enables customers to benefit from profit rates starting from 2.79 per cent flat p.a. valid until April 23,…