Abu Dhabi lender Al Hilal Bank’s CEO steps down
Abu Dhabi-based Islamic lender Al Hilal Bank announced that CEO Khaled AlKhoori will be stepping down from his role. …
Islamic Finance
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ADIB and AAIB led AED 325 million Islamic financing facility for real estate developer Omniyat
Abu Dhabi Islamic Bank has acted as the Bookrunner, Underwriter and along with Arab African International Bank as Mandated Lead…
Waleed Mandani appointed KFH Group Chief Retail and Private Banking Officer
This confirms the keenness of the bank to pave the way for national staff to hold senior leadership positions and…
Dubai Islamic Bank profit up 6pc to $1.1bn
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total…
Iran, Turkey sign MoU on banking coop.
To reach a trade volume of $30 million by the end of 2017, Iran and Turkey started a joint committee…
Dentons advises AFC on its inaugural Sukuk issuance
Dentons advised Africa Finance Corporation, a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of…
QIIB records QR1.7bn total revenue in 2016
Leading Islamic lender QIIB has recorded a total revenue of QR1.7bn for the full-year 2016. The bank’s net profit…
Kuwait International Bank's profit jumps 14 per cent in 2016
Financing income increased by 12 per cent reaching KWD 71 million, compared to KWD 63.2 million during 2015. Revenue…
Shariah-compliant pension schemes gaining popularity
New developments in Islamic finance abound since Shariah-compliant investment structures are now also entering the wealth and asset management segment. …
Awqaf and Minors Affairs Foundation signs agreement with Islamic Development Bank
Awqaf and Minors Affairs Foundation has signed a Memorandum of Understanding with the Islamic Development Bank to step up collaboration…
Dubai Islamic Bank 2016 net profit rises 6%
Dubai Islamic Bank said on Wednesday its 2016 net profit rose 6 per cent, even as impairment losses declined. …
Foursan Group exits investment in Jordan Dubai Islamic Bank
FCP was the second largest shareholder of JDIB and sold its stake to Bank Al-Etihad, a leading, realising a gross…