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…
Islamic Finance
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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,…
Saudi Jadwa Investment launches Jadwa REIT Al Haramain Fund
Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, announced the conclusion of the public offering of…
SIB’s first quarter net profit rises by 5.9%
Sharjah Islamic Bank (SIB) reported a net profit of Dh139.1 million for the first quarter of 201, up 5.9 per…
Saudi Arabia's debut Islamic bond sale gets $17.5bn orders
Saudi Arabia’s debut dollar-denominated Islamic bond, which is due to price Wednesday, attracted more than $17.5 billion of investor orders…
Boubyan Bank posts KD 10 mln in Q1 profits
Boubyan Bank announced on Tuesday a net profit of KD 10.7 million (USD 34 million) with an EPS of 7.4…