Islamic Finance

Islamic Finance

Interview: Financial fraud, Islamic capital market development are key focus areas: Kuwait CMA head

April 11, 2023

Financial fraud in Kuwait and the region has been a priority issue for the country’s Capital Market Authority (CMA), according…

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Islamic Finance

Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022

April 3, 2023

First Abu Dhabi Bank, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Commercial Bank  and Mashreq Bank – posted a combined…

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Islamic Finance

Al Busiari Bank to accelerate financial inclusion in Yemen by opting for ICS BANKS Islamic Banking Solution from ICSFS

March 27, 2023

Al Busairi Bank for Microfinance, a newly-established bank in Yemen, has selected ICS BANKS Islamic Banking software solution from ICS…

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Islamic Finance

Saudi Arabia’s NDMC closes March sukuk issuance at $897m

March 23, 2023

Saudi Arabia’s National Debt Management Center announced the closure of the Riyal-denominated sukuk program issuance for March with the total…

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Islamic Finance

Faisal Islamic Bank, set to revolutionize Egypt's digital banking experience with Intellect Global Consumer Banking's CBX Platform

March 22, 2023

Intellect Global Consumer Banking has  announced that Faisal Islamic Bank of Egypt has chosen its CBX Retail  platform to power…

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Islamic Finance

Boubyan is named the best in customer service across all economic sectors in Kuwait

March 20, 2023

For the 13th Consecutive Year as per Service Hero, the Customer Satisfaction Index Al-Mejhem: Successful Development and Implementation of Our…

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Islamic Finance

Bank Nizwa leads the way in sustainable banking at Oman Sustainability Week 2023

March 15, 2023

Bank Nizwa has announced its participation in the upcoming Oman Sustainability Week 2023 as the Islamic Banking Partner.    An…

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Islamic Finance

Bank of Sharjah set to raise $500 mln with five-year bonds

March 9, 2023

Bank of Sharjah is set to raise $500 million for a sale of senior unsecured five-year bonds, a bank document…

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Executive Moves

ADIB appoints Bushra Al Shehhi as Chief Human Resources Officer

March 3, 2023

Abu Dhabi Islamic Bank  has  announced  the appointment of Bushra Al-Shehhi as the new Chief Human Resources Officer. Bushra will…

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Islamic Finance

Bahraini Islamic Banking Penetration Solid, to Benefit from Consolidation

March 2, 2023

Bahrain’s Islamic banking market share is expected to increase to over 50% of total domestic banking sector assets in the…

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FinTech

FinTech the backbone of the Islamic banking growth story

March 2, 2023

With Islamic banking and finance in high growth mode, the role of specialist Islamic FinTech players has become more critical…

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Islamic Finance

Dubai redeems sukuk worth more than $1bln

February 21, 2023

Dubai's department of finance said it has redeemed $750 million worth of sukuk or Islamic bonds, issued on January 30,…

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