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…
Islamic Finance
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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…
QFB appoints acting CEO
The Board of Directors of QFB have announced the appointment of Mr. Khaled Abdullah Al Khoori, as the new Acting…
Dubai Islamic Bank first-quarter net profit up 4 percent
Dubai Islamic BankDubai Islamic Bank, the United Arab Emirates' largest sharia-compliant lender, reported a 4 percent increase in first-quarter net…
DIB’s first quarter net profit up 4% to Dh1.04b
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by total assets, yesterday reported a group net profit…
Kuwait's Warba Bank boosts its real estate investments portfolio & acquires a facility of KIA Motors in UK
In-line with its development strategy to position the bank as the Islamic Corporate & Investment Banking champion in Kuwait while…
Qatar First Bank launches 2nd phase of cost rationalisation plan
Qatar First Bank announced the launch of the second phase of the cost rationalisation plan yesterday at its Annual General…
BKIC mandatory offer for Takaful International
Following the acquisition, the Board of Directors received notice from BKIC stating its intention to give a mandatory offer to…
Kuwait Financial Forum calls for supporting privatization
Kuwait Financial Forum concluded on Wednesday with recommendations focusingon necessity to press ahead with economic reforms and support small enterprise…
London Commercial Court rules on luxury Dubai development
Global law firm Baker McKenzie has successfully acted for Dubai Islamic Bank PJSC in its defence of a USD 2…