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…
Islamic Finance
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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…
DIB enters Turkish digital banking sector via new investment
Dubai Islamic Bank has entered the Turkish digital banking and financial technology sector through an equity investment in T.O.M. Group…
UAE: Bank in Sharjah introduces Screen Reader Integration for its mobile banking app
Sharjah Islamic Bank (SIB) announced its success in adapting its mobile banking application with the screen reader service to serve…
Saudi Tadawul Group signs MoU with Shanghai Stock Exchange
MoU intends to bolster the growth of capital markets in Saudi Arabia and China Today, Saudi Tadawul Group has announced…
ADIB enhances mobile app for international money transfers
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has introduced enhanced features for international money transfers on its…
Bank Nizwa promotes Islamic finance in Salalah through knowledge sessions
Bank Nizwa, the leading and most trusted Islamic Bank in Oman, held the latest edition of its Islamic Finance Knowledge…