Islamic Finance

Islamic Finance

Maisarah Islamic Banking Services rebrands to Dhofar Islamic

February 21, 2024

Maisarah Islamic Banking Services, a leading financial institution dedicated to providing Sharia-compliant banking solutions, is proud to announce the unveiling…

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FinTech

ADIB advances its banking technologies with ProgressSoft's Payments Hub

February 20, 2024

Abu Dhabi Islamic Bank has  announced the successful launch of a new payment hub that allows customers to conduct their…

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Financial Results

Oman: Assets of Islamic banks and windows up 11.7% to $18.7bln

February 12, 2024

The total assets of banks and Islamic windows combined increased by 11.7 percent to reach OMR7.2 billion at the end…

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Islamic Finance

Egypt, Islamic Development Bank cooperation portfolio reaches $20.72bn in various fields

February 7, 2024

Hala El-Said, the Minister of Planning and Economic Development and Egypt’s Governor at the Islamic Development Bank Group, met with…

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Islamic Finance

Bank Nizwa participates in & supports the second family and value building symposium

February 7, 2024

Bank Nizwa, the leading and most trusted Islamic bank in the Sultanate of Oman, served as the Strategic Partner of…

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Awards and Recognition

Khaleeji Bank achieves prestigious “ISO 22301:2019” certification

January 29, 2024

Khaleeji Bank has announced that it recently obtained the prestigious “ISO 22301:2019” certification for Business Continuity Management from the International…

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Islamic Finance

Bank Nizwa’s senior executives excel in prestigious Wharton University program

January 24, 2024

As the leading Islamic bank in the Sultanate of Oman, Bank Nizwa remains resolute in its commitment to the cultivation…

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Islamic Finance

Faisal Islamic Bank’s standalone profits down 9.3% YoY in 2023

January 23, 2024

Faisal Islamic Bank of Egypt posted a 9.3% year-on-year (YoY) decline in standalone profit after tax in 2023, according to…

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Islamic Finance

Egypt plans to issue bonds in local currencies of New Development Bank members

January 15, 2024

NDB member states include Bangladesh, Brazil, China, Egypt, India, Russia, South Africa, the United Arab Emirates, and Uruguay.    Kazbekov…

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Islamic Finance

Kuwait International Bank unveils KYC updates on mobile app

January 11, 2024

As part of the services offered through its mobile application, Kuwait International Bank has launched its “Update your KYC” service…

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Islamic Finance

FAB issues the first Sukuk globally in 2024

January 11, 2024

Issuance marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. First…

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Islamic Finance

ADIB launches B2B marketplace to empower small and medium enterprises

January 10, 2024

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has announced the introduction of ADIB Business Souq, an innovative digital…

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