nogaholding wins $200m funding from Al Baraka Islamic Bank
Bahrain's Oil and Gas Holding (nogaholding) has announced that it has secured a $200 million revolving credit facility from a…
Islamic Finance
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Dubai Islamic Bank FY net profit jumps 26%; beats estimate
Dubai Islamic Bank, the UAE’s largest Islamic lender, posted a 26% jump year-on-year (YoY) in its FY 2022 net profit…
SIB launch new headquarters of its branch in Al Dhaid Mall
Sharjah Islamic Bank (SIB), one of the leading Islamic financial institutions in the United Arab Emirates, inaugurated the new headquarters…
QIB profit grows by 12.7% to reach QAR 4,005mln in 2022
Qatar Islamic Bank has announced the financial results of the fiscal year 2022, ending 31st of December. Net profit attributable…
Bank Nizwa partners with IFIN to offer instant islamic goods financing
A progressive bank built on innovation, Bank Nizwa, the leading Islamic bank in the Sultanate, has been embracing the latest…
Kuwait Finance House – Bahrain Employees Awarded with the Islamic Arbitrator & Expert (CIAE) Certificate
Bahrain recently celebrated the achievement of three of its employees who have attained the Certified Islamic Arbitrator and Expert certification,…
First Abu Dhabi Bank raises $500m through Islamic bond
First Abu Dhabi Bank, the UAE’s largest lender by assets, has raised $500 million through a sukuk or Islamic bond,…
QIIB announces the opening of nominations for membership of the Board of Directors
QIIB board of Directors announces the opening of nominations of membership of the Board of Directors for nine memberships in…
UBF: Commercial Transactions Law 2022 boosts Islamic financial services
UAE Banks Federation, the representative and unified voice of UAE banks, confirmed that the Commercial Transactions Law 2022, which was…
Abu Dhabi Islamic Bank increases stake in its Egyptian unit to more than 52%
Abu Dhabi Islamic Bank (ADIB), the emirate’s biggest sharia-compliant lender, has bought additional shares in its Egyptian subsidiary to boost…
Emirates REIT closes $380mln sukuk issuance at 9.5% profit rate
Emirates REIT, a sharia-compliant real estate investment trust, has closed a $380 million sukuk issuance to refinance the $400 million…
Sohar Islamic signs MoU with Ministry of Housing and Urban Planning
Contributing towards the development of the Omani real estate sector, Sohar Islamic signed a Memorandum of Understanding (MoU) with the…