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…
Islamic Finance
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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…
Al Hilal Bank appoints chief executive
Abu Dhabi-based Al Hilal Bank has appointed Alex Coelho as its new chief executive, the Islamic bank, which operates in…
GCC's total bond and sukuk issuances at $167.54bln
Kuwait Financial Centre “Markaz”, in its recent research report titled GCC Bonds & Sukuk Market Survey, has highlighted the trends…
Bank ABC Islamic appoints new managing director
Bank ABC Islamic, a subsidiary of Bahrain-based Bank ABC Group, has announced the appointment of Hammad Hassan as its managing…
Bank Nizwa CEO outlines growth potential of Islamic finance in Oman and globally during muscat securuties market meeting
Bank Nizwa, represented by CEO Khalid Al Kayed, participated in an open session at the Muscat Securities Market to discuss…
UAE's Mashreq's Iossifidis to become CEO of Noor Bank- sources
The head of corporate and investment banking at Dubai's Mashreq is leaving to become chief executive of Noor Bank, sources…
Dubai listings hit record high of over $50bn
Two Indonesian sukuk listings with a total value of $3 billion in Nasadq Dubai have raised the total nominal value…
Indonesian Sukuk raise Dubai listings to new global record above $50billion
The government of Indonesia has listed two Sukuk with a total value of 3 billion US dollars on Nasdaq Dubai.…
Saudi British Bank to establish sukuk program of upto $2 bln
Announces its intention to establish sukuk program and to issue sukuk thereunder inside or outside Kingdom Of Saudi Arabia …