ADIB dismisses Al-Hilal merger talk as rumour
Abu Dhabi Islamic Bank, which bought Barclays PLC’s retail business in the UAE, dismissed reports that it may merge with…
Islamic Finance
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Qatar's QInvest exits $62m luxury London homes project
QInvest, the Qatar-based Islamic investment bank, has announced its exit from the St Edmund’s Terrace LP Fund which invested £50…
Legal and regulatory framework for Islamic banking needs tightening
The current framework governing Islamic Banking contains many gaps that need to be closed through the development of a more…
The Chartered Institute for Securities Investment recognises top performers in the financial industry
The Chartered Institute for Securities Investment, the largest and most widely respected professional body for those who work in the…
Africa Finance Corp seals $150m Nasdaq Dubai sukuk deal
Africa Finance Corporation said it has carried out a $150-million Islamic financing transaction on the Murabaha platform of Nasdaq Dubai,…
Dubai’s largest Sharia-compliant lender approves sukuk programme
Dubai Islamic Bank, the biggest Sharia-compliant lender in the emirate, said that its board of directors have approved a US$5…
Kuveyt Turk gets nod for 2 bln lira sukuk, closes Dubai unit
Turkish participation bank Kuveyt Turk has received regulatory approval to raise 2 billion lira ($555.8 million) via Islamic bonds, or…
Dar Al Sharia wins ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’
Dar Al Sharia, a subsidiary of Dubai Islamic Bank, won the ‘Mohammed Bin Rashid Al Maktoum Business Innovation Award’ in…
AAOIFI unveils new Islamic Shari'ah standard on gold
The new Standard was officialy unveiled at a launch event in Dubai on 5 December 2016 where the Accounting and…
Al-Arabiya Islamic Bank Selects ICS BANKS ISLAMIC System from ICS Financial Systems
The signing ceremony took place in Amman Jordan Attending the ceremony were the General Manager of Al-Arabiya Islamic Bank; Mr.…
Dubai Islamic 2016 profit up 6pc to $1.1bn
Dubai Islamic Bank (DIB) has reported a net profit of Dh4.050 billion ($1.1 billion) for 2016, an increase of 6…
Al Baraka Banking Group Achieve US$ 152 million Net Income Attributable to Equity Holders of the Parent in 2016
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C announced that it achieved a noticeable increase in…