QFB appoints acting CEO
The Board of Directors of QFB have announced the appointment of Mr. Khaled Abdullah Al Khoori, as the new Acting…
Islamic Finance
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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…
Abu Dhabi Islamic Bank approves dividend of 24.52%
Abu Dhabi Islamic Bank approved a dividend of 24.52 per cent for year 2016 for its shareholders at its annual…
ADIB shareholders agree 24.52pc dividend
Shareholders of Abu Dhabi Islamic Bank have approved the distribution of 24.52 per cent cash dividends for 2016 at the…
ADIB launches second tranche of capital-protected equity investment note
The Shari'ah-compliant note matures in 12 months and provides 100 per cent protection at maturity to minimise investment risk. …
Saudi developer Dar Al Arkan to launch dollar sukuk despite borrowing limits
Saudi Arabian real estate developer Dar Al Arkan plans to launch a U.S. dollar sukuk this week, the first international…