Dubai launches new drive to become world's capital of Islamic economy
Dubai on Tuesday launched an updated strategy for 2017-2021 to establish the emirate as the capital of the Islamic economy.…
Islamic Finance
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A.M. Best affirms Qatar Islamic Insurance Company’s ratings
The ratings reflect QIIC’s track record of excellent operating performance, adequate combined risk-adjusted capitalisation (considering both shareholders’ and policyholders’ funds),…
Warba Bank posts KD 2.5 mln in '16 net profits
Warba Bank posted on Saturday net profits worth KD 2.5 million during the year of 2016, marking a rise of…
Gulf Finance House 2016 net profit jumps nearly 20 folds
Gulf Finance House on Sunday posted a solid set of fourth quarter and 2016 results, with net profit jumping to…
KFH’s economic, social contributions win praise – Capital Governor inaugurates Al-Yarmouk branch
Governor of the Capital Governorate retired Lieutenant General Thabet Al-Muhanna praised the economic and social contributions of Kuwait Finance House…
Dubai International Financial Centre Joins World’s Most Influential Global Takaful Forum
The 12th annual World Takaful Conference will be convened by leading financial intelligence platform, Middle East Global Advisors, in strategic…
Challenges to maintain leading growth in Islamic banking
Islamic banking continues to broaden its reach and is able to compete effectively with conventional banks, supported by an increasing…
IDB voices concern over changes in Islami Bank
Saudi Arabia-based Islamic Development Bank has expressed its concern over the massive reshuffle in the country’s largest private bank, Islami…
Islamic banking to start in Gujarat: What is it all about?
India will soon have Islamic Banking facilities and operations would start from Gujarat. The Saudi Arabia-based Islamic Development Bank…
Sharjah Islamic Bank posts a 13 per cent increase in net profits
According to a statement, the bank’s total assets reached AED 33.5 billion at the end of 2016 compared to AED…
Isbank launches first P2P money transfer service in Turkey
Turkey’s largest bank Isbank has launched a new P2P money transfer service, called “social account”, available for the “first time”…
Dubai Islamic Bank mandates banks for potential sukuk sale
Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, has appointed banks ahead of a potential benchmark-sized…