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…
Islamic Finance
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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…
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…
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…