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…
Islamic Finance
6042 articles found
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…
Al Hilal Global Sukuk Fund delivers 3.83 per cent dividend
Al Hilal Bank announced the dividend payout of its flagship fund, Al Hilal Global Sukuk Fund. The Fund, which…
Qatar- Islamic finance and digital currencies: The halal aspect
With the growing utilisation of fintech in the Islamic finance sector, the question arises what role digital currencies and blockchain…
3 banks get nod to open branches in Saudi Arabia
The central bank has given permissions to three commercial banks to operate in Saudi Arabia, the biggest destination of Bangladeshi…
Jordan Islamic Bank posts profits before tax of $118.1 million for 2016
Jordan Islamic Bank a subsidiary of Al Baraka Banking Group achieved profits before tax in an amount of US$ 118.1…