Al Rajhi Bank taps iGTB for digital transformation
iGTB, the Global Transaction Banking division of Intellect Design Arena Ltd, has signed a deal with Al Rajhi Bank, the…
Islamic Finance
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Al Salam Bank-Bahrain reports 81 per cent jump in income for 2016
Earnings per share rose to 7.6 fils for 2016 from 5.8 fils a year earlier. The bank reported net…
Jordan Islamic Bank announces 2016 results
By the end of 2016, Jordan Islamic Bank a subsidiary of Al Baraka Banking Group achieved profits before tax in…
KFH partner of Kuwait Pharmaceutical Association awareness conference
Executive Manager Group Public Relations and Media at Kuwait Finance House, Yousef Abdullah Al-Ruwaieh affirmed the bank’s commitment towards optimally…
Dar Al Takaful swings to net profit in 2016
Dar Al Takaful said on Tuesday it swung into net profit in 2016. The insurance company said it reported a…
GFH, Intertrust Middle East create Employee Benefit Trust
GFH Financial Group, the Bahrain based financial group, today announced that the Group, in partnership with Intertrust Middle East, formerly…
ADIB's falling profit rounds up mixed results season for Abu Dhabi banks
Abu Dhabi Islamic Bank saw profits fall in the fourth quarter while peer Union National Bank reported a surge in…
Al Hilal Global Balanced Fund delivers 1.94% dividend
Al Hilal Bank has announced the dividend payout of its Al Hilal Global Balanced Fund. The fund, which was…
Omani banks post 10% growth in credit at $574.bln
Oman’s financial institutions, including Islamic banks, have achieved a 10.1 per cent growth at OMR22.1 billion ($57.4 billion) by the…
Emirates Islamic posts $26.86m profit
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, posted a net profit of Dh106 million $28.86…
Fast Facts on Dubai Islamic Bank’s USD1bn Senior Sukuk Issuance
Dubai Islamic Bank announced the successful pricing of the largest senior Sukuk issuance by a financial institution globally. The…
Warba Bank plans to support investments with Islamic solutions
Warba Bank plans to support the companies' and investment sectors with Islamic innovations, said Shaheen AlGhanim, the bank CEO on…