Ahlibank rewards top performers in retail banking for Q1 achievements
As a follow-up to the recent announcement of its first quarter financial results, ahlibank hosted a retail meeting to share…
Islamic Finance
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Banking sector is central in supporting development
Qatar International Islamic Bank CEO, Dr. Abdulbasit Ahmed Al Shaibei emphasised the importance of the axes that will be addressed…
Total assets of Islamic banks and windows rise by 10%
The total assets of Oman's Islamic banks and windows combined increased by 10 percent to about OMR6.6 billion at the…
Islamic banking growth outpaces conventional banks in the UAE
Islamic banking growth in the UAE outpaced that of conventional banks last year on the back of growing investor demand…
Saudi Arabia selling two-tranche dollar sukuk
Saudi Arabia returned to the debt markets on Monday for the second time this year, offering dollar Islamic bonds with…
Islamic Development Bank Group signs financing deals worth $5.4b
The Islamic Development Bank Group concluded on Saturday its annual meetings held under the auspices of the Custodian of the…
IsDB Group Private Sector Institutions organized the 11th Edition of the “Private Sector Forum"
The private sector institutions of the Islamic Development Bank Group (IsDB Group) organized the 11th edition of the "Private Sector…
UAE’s Islamic Treasury Sukuk oversubscribed 7.6 times, receives bids worth Dh8.3 billion
The UAE’s first auction of Islamic Treasury Sukuk received bids worth Dh8.3 billion, an oversubscription of 7.6 times, it was…
BisB appoints Chief Strategy & Sustainability Officer
BisB has announced the appointment of Mr. Mohamed Kadhem Ebrahim as the Bank’s Chief Strategy & Sustainability Officer at BisB.…
Dubai Islamic Bank to acquire 25% stake in Turkey digital bank
Dubai Islamic Bank, the UAE’s largest Islamic lender, said on Wednesday its board of directors has approved a proposal to…
UAE Islamic banks’ gross assets rise to $169bn by end of January
The gross assets of Islamic banks in the UAE rose 5.6 percent to 620.9 billion dirhams ($169 billion) by the…
Sharjah Islamic Bank’s operating profit increased by 32% and net profit by 25% for the first quarter of 2023
Sharjah Islamic Bank (SIB) announced that its operating profit before provisions increased by 31.9 per cent , amounting to Dh327.7…