Abu Dhabi Islamic Bank to issue first green sukuk
Abu Dhabi Islamic Bank is set to issue a dollar-denominated senior green sukuk following investor calls that were scheduled to…
Islamic Finance
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Dubai Islamic Bank’s Q3 2023 net profit rises 18% to $1.3bln
Dubai Islamic Bank, the biggest Islamic lender in the UAE, saw its net profit rise by 18% year-on-year in the…
Bank Nizwa's commitment to sustainable urban development takes center stage at Urban October
Bank Nizwa, the Sultanate of Oman’s most trusted Islamic bank, participated as the ‘Islamic Banking Partner’ at the Urban October…
BankDhofar introduces a seamless online experience for opening children’s account
In our continuous commitment to providing convenient and accessible banking services, BankDhofar is now offering parents the ability to open…
ESG sukuk rises to $33.3bln; Fitch expects further growth
Environmental, social and corporate governance (ESG) sukuk rose significantly in the third quarter of the year and is expected to…
QIB profit grows by 7.2% to reach QR3,055m for nine months
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the nine months’ period ended 30 September…
Boubyan Bank records net profit of KD 61.1m for 9-month period in 2023
Boubyan Bank has announced outstanding financial results for the period ending 30 September 2023, with KD 61.1 million in net…
ADIB Named as the Best Bank in the UAE by Global Finance Awards 2023
Recognised as the Safest Islamic Bank Globally Recognised earlier this year as the Best Islamic Bank for ESG Abu Dhabi…
Kuwaiti Islamic banks expect profit growth despite challenges: Fitch
Kuwaiti Islamic banks are forecast to see profit improvement in 2023 and 2024 despite mounting regulatory provisioning requirements, pressure on…
Saudi, Kuwait to drive 10% annual growth of $3trln Islamic finance industry in 2023, 2024
The $3 trillion Islamic finance industry is expected to expand by around 10% per year in 2023-2024, similar to 2022,…
Islamic Development Bank’s climate financing reaches 32% of overall funding: chairman
As part of its commitment to addressing the climate crisis, Saudi Arabia’s Islamic Development Bank has made notable advancements in…
Oman Telecommunications hires banks for 7-year debut sukuk-IFR
State-owned Oman Telecommunications Company (Omantel) has hired banks for the sale of 7-year dollar-denominated debut Islamic bond, fixed income news…