DIB holding company sells stake in Jordan Dubai Islamic Bank
MESC Investments PSC, a unit of Dubai Islamic Bank, has completed the sale of its stake in Jordan Dubai Islamic…
Islamic Finance
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Sharjah unveils Dh22 billion 2017 budget, largest in its history
His Highness Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, has approved Dh22…
Oman seeks banks' proposals for dual-tenor international bond issue -sources
The government of Oman has approached banks for an international bond issue with tranches of five and 10 years as…
Ithmaar's new group structure wins approval
Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today that it has obtained final approval from the Central Bank of…
Central Bank of Kuwait issue new Shari'ah governance guidelines
His Excellency, the Governor of the Central Bank of Kuwait, Dr. Mohammad Y. Al Hashel announced that the CBK Board…
Bank Nizwa named ‘Best Performing Islamic Bank in Oman’ for the second year in a row
Reflecting its position as the Sultanate’s leading Islamic financial institution, Bank Nizwa was named the ‘Best Performing Islamic Bank in…
Meydan Group secures Dh1b financing from Adib
The master-developer Meydan Group has secured a Dh1 billion financing from Abu Dhabi Islamic Bank that would go to part-finance…
Emirates Islamic fosters innovation in Islamic Finance
The bank recently organised an ‘Innovation Day’ where various internal teams shared and showcased their innovations with working prototypes, to…
KFH Capital acquires office tower in US for $165 million
KFH Capital Investment Co, a subsidiary of Kuwait Finance House Group KFH Group, has announced the successful acquisition of an…
Islamic Development Bank finances developmental projects worth $863 mn
The Islamic Development Bank has approved finances worth US$863 million for developmental projects in a number of member countries during…
Islamic finance boom calls for increase in trained personnel
In the fast-growing industry of Islamic finance, the lack of specialized, trained human capital in the field continued to be…
Meethaq Sharia’a Board reviews performance and growth strategy
Bank Muscat’s board of directors and the Meethaq Sharia’a Supervisory Board led by respective chairmen Shaikh Khalid bin Mustahail al…