Islamic Finance

Islamic Finance

BankDhofar introduces a seamless online experience for opening children’s account

October 30, 2023

In our continuous commitment to providing convenient and accessible banking services, BankDhofar is now offering parents the ability to open…

Read More

Environment and Sustainable Investments

ESG sukuk rises to $33.3bln; Fitch expects further growth

October 27, 2023

Environmental, social and corporate governance (ESG) sukuk rose significantly in the third quarter of the year and is expected to…

Read More

Islamic Finance

QIB profit grows by 7.2% to reach QR3,055m for nine months

October 19, 2023

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the nine months’ period ended 30 September…

Read More

Islamic Finance

Boubyan Bank records net profit of KD 61.1m for 9-month period in 2023

October 19, 2023

Boubyan Bank has announced outstanding financial results for the period ending 30 September 2023, with KD 61.1 million in net…

Read More

Islamic Finance

ADIB Named as the Best Bank in the UAE by Global Finance Awards 2023

October 19, 2023

Recognised as the Safest Islamic Bank Globally Recognised earlier this year as the Best Islamic Bank for ESG Abu Dhabi…

Read More

Financial Results

Kuwaiti Islamic banks expect profit growth despite challenges: Fitch

October 16, 2023

Kuwaiti Islamic banks are forecast to see profit improvement in 2023 and 2024 despite mounting regulatory provisioning requirements, pressure on…

Read More

Islamic Finance

Saudi, Kuwait to drive 10% annual growth of $3trln Islamic finance industry in 2023, 2024

October 11, 2023

The $3 trillion Islamic finance industry is expected to expand by around 10% per year in 2023-2024, similar to 2022,…

Read More

Islamic Finance

Islamic Development Bank’s climate financing reaches 32% of overall funding: chairman

October 9, 2023

As part of its commitment to addressing the climate crisis, Saudi Arabia’s Islamic Development Bank has made notable advancements in…

Read More

Islamic Finance

Oman Telecommunications hires banks for 7-year debut sukuk-IFR

October 3, 2023

State-owned Oman Telecommunications Company (Omantel) has hired banks for the sale of 7-year dollar-denominated debut Islamic bond, fixed income news…

Read More

Islamic Finance

DIB enters Turkish digital banking sector via new investment

October 2, 2023

Dubai Islamic Bank has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group…

Read More

Islamic Finance

UAE: Bank in Sharjah introduces Screen Reader Integration for its mobile banking app

September 18, 2023

Sharjah Islamic Bank (SIB) announced its success in adapting its mobile banking application with the screen reader service to serve…

Read More

Islamic Finance

Saudi Tadawul Group signs MoU with Shanghai Stock Exchange

September 5, 2023

MoU intends to bolster the growth of capital markets in Saudi Arabia and China Today, Saudi Tadawul Group has announced…

Read More