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…
Islamic Finance
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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…
Interview: Financial fraud, Islamic capital market development are key focus areas: Kuwait CMA head
Financial fraud in Kuwait and the region has been a priority issue for the country’s Capital Market Authority (CMA), according…
Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022
First Abu Dhabi Bank, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Commercial Bank and Mashreq Bank – posted a combined…
Al Busiari Bank to accelerate financial inclusion in Yemen by opting for ICS BANKS Islamic Banking Solution from ICSFS
Al Busairi Bank for Microfinance, a newly-established bank in Yemen, has selected ICS BANKS Islamic Banking software solution from ICS…
Saudi Arabia’s NDMC closes March sukuk issuance at $897m
Saudi Arabia’s National Debt Management Center announced the closure of the Riyal-denominated sukuk program issuance for March with the total…
Faisal Islamic Bank, set to revolutionize Egypt's digital banking experience with Intellect Global Consumer Banking's CBX Platform
Intellect Global Consumer Banking has announced that Faisal Islamic Bank of Egypt has chosen its CBX Retail platform to power…
Boubyan is named the best in customer service across all economic sectors in Kuwait
For the 13th Consecutive Year as per Service Hero, the Customer Satisfaction Index Al-Mejhem: Successful Development and Implementation of Our…
Bank Nizwa leads the way in sustainable banking at Oman Sustainability Week 2023
Bank Nizwa has announced its participation in the upcoming Oman Sustainability Week 2023 as the Islamic Banking Partner. An…