ABK CEO Michel Accad named ‘Bank CEO of the Year’
Al Ahli Bank of Kuwait proudly announced that ABK CEO Michel Accad was named ‘Bank CEO of the Year’ by…
Islamic Finance
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Saudi Binladin seeks second extension on Grand Mosque loan
Saudi Binladin Group SBG has requested a second extension on an 817 million riyal $217.9 million Islamic loan being used…
Warba Bank activates e-signature services & unveils ‘Express Finance’
Warba Bank announced, during a press conference, the signing of a cooperation agreement with the Public Authority for Civil Information…
Sultanate has been very successful entrant onto Islamic banking sector, says Moody's
Islamic banking scene achieving a level of penetration higher than countries with a far longer history of Islamic finance, Moody's…
Meethaq H1 net up 27.7%; board meets to review strategy
The Sharia’a Supervisory Board of Meethaq Islamic Banking conducted its fourth meeting of 2016 under the chairmanship of Sheikh Dr…
With a growth of 11.5% Jordan Islamic Bank records profits after tax of US$ 39.5 million for first half of 2016
By the end of the first half of 2016, Jordan Islamic Bank a subsidiary banking unit of Al Baraka Banking…
Omans' Maisarah launches new travel finance solution
Adding to its wide range of financial solutions, Maisarah Islamic Banking Services of BankDhofar has announced the debut of its…
KFH replaces 50 ATMs to offer innovative services
Kuwait Finance House, KFH has replaced 50 ATMs at its branches in the framework of its ongoing efforts to offer…
Qatar First Bank named 'Best Shari'ah Alternative Investment Platform' for 2016
Qatar First Bank has been recognized as the ‘Best Shari’ah Alternative Investment Platform’ for 2016 by ‘Wealth & Finance’…
ADX Market Capitalization Records a 30 BILLION DIRHAMS INCREASE for first 8 months of 2016
Abu Dhabi Securities Exchange market capitalization has jumped to reach 441 billion dirhams during the first eight months of 2016,…
Shortage of high quality liquid assets pose challenges to liquidity coverage ratios
GCC based Islamic banks are generally better off in their access to low cost retail deposits compared to some of…
GCC’s Islamic banks have stronger liquidity profiles
Retail-focused Islamic banks in GCC countries have strong liquidity coverage ratios LCRs due to their large base of core retail…