Saudi housing, SME lending to drive Al Rajhi Bank's growth to 2020
Saudi Arabia’s efforts to stimulate the private sector and develop the housing market will be the main drivers of growth…
Islamic Finance
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DIB profit, customer deposits rise in Jan-Sept 2016 on growth strategy
Dubai Islamic Bank declared a seven per cent year-on-year growth in its nine months profit and the bank also reported…
KFH-Turkey wins ‘Best R&D Center Prize’
Kuwait Finance House Turkey has been awarded the “Best R&D Center” in Banking and Finance category at the summit held…
Dubai Islamic Bank Q3 net profit falls 9.9%
Dubai Islamic Bank, the UAE’s largest sharia-compliant lender, on Monday posted a 9.9 percent drop in third-quarter net profit, in…
Qatar Islamic Bank launches dedicated Ladies Banking facility
Qatar Islamic Bank has launched a new proposition specifically designed to cater to the financial needs of ladies in appreciation…
Qatar's Barwa Real Estate secures 600 mln riyal financing from QIIB
Qatar's Barwa Real Estate , one of the Gulf Arab state's largest listed developers, said on Sunday it had secured…
Emirates NBD and UTI International to launch Islamic funds in India
Emirates NBD Asset Management has entered into a partnership agreement with UTI International, one of India’s largest money managers, to…
GCC Islamic banks among most efficient worldwide
Islamic banks in the Gulf Cooperation Council rank among the top 20 of most efficient Shariah compliant financial institutions worldwide,…
Ahli United Bank $200 million Perpetual Additional Tier 1 Sukuk oversub scribed
Ahli United Bank KSCP has successfully concluded the subscription of its issue of a $200 Million Perpetual Additional Tier 1…
Damac shares confirmed as sharia-compliant for Islamic investors
Shares of Dubai based Damac Properties are Sharia compliant for the purposes of investment and trading, according to Dar Al…
GCC Islamic banks among most efficient worldwide
Islamic banks in the Gulf Cooperation Council rank among the top 20 of most efficient Shariah-compliant financial institutions worldwide, a…
QIB achieves net profit of QAR 1.6 billion 9M 2016
Net profit attributable to the Shareholders of the Bank amounted to QAR 1,605 million for the nine months period ended…