Emirates Real Estate Fund secures $190m finance
Emirates Real Estate Fund (EREF) has agreed a $190.6 million (Dh700 million) Shari’a compliant finance facility with Emirates NBD, on…
Islamic Finance
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QIB Profit grows by 10.3 per cent to reach QAR 2,155 Million in 2016
This marks a 10.3 per cent increase in profits year-over-year. Basic earnings per share reached QAR 8.55 compared to…
Biggest Saudi Real-Estate Developer Mulls Expansion, Sukuk Sale
Jabal Omar Development, Saudi Arabia’s biggest real-estate developer, is weighing plans to expand beyond its flagship projects in Mecca and…
Bahrain Bourse lists Islamic financial instruments worth BHD 201 million
Bahrain Bourse (BHB) in a recent announcement has listed four issues in the Treasury Bills Market worth a total of…
Masraf Al Rayan profit rises to QR2.08bn
Masraf Al Rayan, has delivered a net profit of QR2.08bn for the year ended December 31, 2016. The Board…
Bank Albilad 2016 profits up 2.45 per cent
Full year profits for 2016 were up 2.45 per cent at SAR 807.7 million. Earnings per share rose from SAR…
Emirates Islamic launches Cashback Plus Visa signature credit card
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has the launch of its Cashback Plus Visa…
UAE's ADIB issues capital-protected equity investment structured note
Abu Dhabi Islamic Bank, a leading financial institution, has launched its first Sharia compliant equity investment structured note of the…
Emirates Islamic announces 2016 results
Net profit for the year came in at at AED 106 million, while total income grew by 3 per cent…
KFH Group traded $11.4bn in sukuk market in 2016
“Kuwait Finance House Group (KFH-Group) volume traded in the Sukuk market reached $11.4 billion for the year 2016. Such…
Emirates Islamic reports Dh105.6m full year net profit
Dubai Emirates Islamic, an Islamic financial institution belonging to the Emirates NBD Group reported full year net profit of Dh105.6…
Egypt's Banque Misr and UAE's ADIB to sign $150 bn loan in Q1
Egypt’s second largest state-owned lender, Banque Misr is planning to sign a loan worth $150 million with Abu Dhabi Islamic…