Bank of Sharjah net profits down 5%
Bank of Sharjah on Saturday announced that net profits had fallen 5 per cent for the first quarter of 2016…
Islamic Finance
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DIB launches UAE Sharia Departments Forum 2016
Dubai Islamic Bank has launched the first UAE Sharia Departments Forum 2016 to create a platform where the Sharia departments…
Finance House Nets AED 25.5 Million in Q1 2016
Finance House PJSC has registered a robust consolidated net-profit of AED 25.54 million in Q1 2016, compared to AED 25.53…
CBI Reports AED 36.5 Million net Profit Q1 in 2016
In Q1 2016 CBI reported a net profit of AED 36.5 million supported by growth in Wholesale Bank lending and…
Sovereign Wealth Funds Uplift Muslim World with Fajr Capital
Iqbal Khan has a mission. Raised Muslim in Aligarh, India, his faith wasn’t shaken at age 5 when tensions with…
Dubai Islamic Bank Plans $861 Million Share Issue for Expansion
Dubai Islamic Bank PJSC, the United Arab Emirates biggest bank complying with Muslim banking rules, said it plans to raise…
Kuwait's Boubyan Bank gets nod to issue Tier 1 sukuk
Kuwait's Boubyan Bank has received regulatory approval to market and issue sukuk, expected to be $250 million in size, to…
NBF operating profit increases 18.5 per cent for Q1 2016
National Bank of Fujairah PJSC has announced its results for the three month period ended 31 March 2016. Operating…
Islamic Corporation for the Development of the Private Sector rings market bell to celebrate listing of USD 300 million Sukuk on Nasdaq Dubai
Khaled Al Aboodi, Chief Executive Officer of Islamic Corporation for the Development of the Private Sector, today rang the market-opening…
Dubai Islamic Bank says group interested in Jordan's MESC
Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, said on Tuesday it had received a letter…
Emirates Islamic launches social banking
Emirates Islamic has become the first Islamic bank in the UAE to offer banking services on a social media platform.…
Dubai Sukuk listings top $42bn
The value of Sukuk listings in Dubai has topped $42.61bn following the ringing of the bell by Islamic Corporation for…