QIIB completes issuance of QR1bn Sukuk
QIIB has successfully completed the issuance of QR1bn Sukuk, the Bank said in a statement to Qatar Exchange. The…
Islamic Finance
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QIB allows use of debit cards to purchase online
Qatar Islamic Bank debit cardholders can now use their debit cards along with their credit cards to make secure online…
Alizz Islamic Bank fares well in second quarter
Alizz Islamic Bank said that its financing portfolio reached OMR 247.7 million in the second quarter, registering a growth of…
Bank Nizwa reports 57% increase in revenues during Q2 2016
The Board of Bank Nizwa reported a 57% rise in its total revenues compared to same period in 2015, while…
New Fiscal Measure To Secure Saudi Mid-Term Future
Current fiscal measures deployed by Saudi Arabia should help ensure a sustainable economic future for the country in the medium…
QFB announces half year results
Revenue increased by 46% to QAR 353 million (US$ 97 million); Net Profit increased to QAR 16.8 million (US$…
Sukuk issuances to match or beat last year’s $32bn, says Fitch
Key issuers of Islamic bonds are expected to at least match their US$32 billion sales last year as governments seek…
Meethaq widens network with new branch in Muttrah
Widening its network across the Sultanate, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, opened a state-of-the-art…
KFH Achieves Remarkable Presence in Sovereign Debt Issuances (Tawarruq)
CEO KFH-Group, Mazin Saad Al-Nahedh reiterated KFH's leadership in innovating sharia-compliant products, indicating that the bank had achieved remarkable presence…
Bank of Sharjah announces net profit of AED 176 million for H1 2016
Total Assets reached AED 26,289 million, a two per cent decrease over the corresponding 30 June 2015 balance of AED…
NBF posts Dh275.1 million first half net profits, down 9.4%
National Bank of Fujairah posted a net profit of Dh275.1 million in the first half of 2016 down 9.4 per…
Emirates Islamic Announces H1 2016 Results
Emirates Islamic has delivered strong results for the period ending June 30, 2016, reporting net profit for H1 2016 at…