Bank Nizwa reports first net profit since inception
Reflecting Islamic finance’s continued surge in popularity in Oman, Bank Nizwa reported its first net profit since its inception in…
Islamic Finance
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CIBAFI and IRTI launched this morning the third roundtable meeting of directors of operations and investment in Islamic financial institutions
The General Council for Islamic Banks and Financial Institutions, the global umbrella of Islamic financial institutions in collaboration with the…
eProseed migrates Al Rajhi Bank's DB systems to Oracle Exadata
In January 2016, Al Rajhi Bank, one of the largest financial institutions in Saudi Arabia and the Middle East, made…
Islamic finance aims for easier sukuk investment with proposed new standards
Two top standard-setting bodies are proposing new guidelines for Islamic bonds that could increase investment in the instruments by making…
KFH honors Al-Abdulrazzaq for earning a place in Guinness World Records
Kuwait Finance House initiator, Jet Ski world champion Yousef Al-Abdulrazzaq earned himself a place in the Guinness World Records for…
QIB named the ‘Best Islamic Financial Institution in GCC’ by Global Finance
Qatar Islamic Bank (QIB), Qatar’s leading Shariah-principled lender, has been named ‘Best Islamic Financial Institution in Qatar and the Gulf…
Jordanians show high interest in Islamic bonds — CBJ
The Central Bank of Jordan on Sunday announced the second issuance of Islamic bonds sukuk on behalf of the National…
DIB supports Dubai’s vision of becoming the Happiest City in the World
Dubai Islamic Bank, the largest Islamic bank in the UAE, is firmly positioned to play a key role in one…
ADIB launches new class of branch, combining best of digital banking with personalised service
The first branch, located in Dubai’s The Ranches Souk – Arabian Ranches II, was officially opened by Khamis Buharoon, Vice…
KFH celebrates its 40th anniversary of establishment
Kuwait Finance House (KFH) celebrated the 40th anniversary of its establishment to become one of the foremost Islamic financial institutions…
Kuwait’s Warba Bank rings market opening bell to celebrate listing of USD 250 million Sukuk on Nasdaq Dubai
Shaheen Al-Ghanem, Chief Executive of Warba Bank,one of Kuwait’s leading banks, today rang the market-opening bell to celebrate the listing…
Islamic Development Bank mandates 5 banks for sukuk
The Islamic Development Bank has appointed banks for a potential U.S. dollar-denominated sukuk issue, banking sources said on Monday. …