Bank credit grows 9.6 per cent to OMR17.45b, says central bank
Oman’s conventional banks have achieved a robust 9.64 per cent credit growth at OMR17.45 billion for the first five months…
Islamic Finance
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Al-Nahedh: "KT Bank AG" Paradigm Shift in KFH-Group Expansions, Opens New Promising Horizons
" KFH expansion in the global markets is a step further in our ambitious strategy to lead global development of…
Rise in commissions and fees boost Abu Dhabi Islamic Bank profit
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, posted a 10.5 per cent increase in second-quarter net…
TECOM Investments and Amlak Finance launch off-plan Islamic financing for Villa Lantana homes
Amlak will offer financing up to 50 per cent of the property value prior to project handover, with the option…
Investments help to lift Sharjah Islamic Bank profit
Sharjah Islamic Bank said its net profit for the first half increased 1.2 per cent, boosted in part by a…
UAE Banks Up Investments In Digital Channels
From mobile apps to fully digital branches, UAE banks are finding favor with their customers as they embrace digital services …
UAE Corporates take Bond Route Whilst Saudi’s go Sukuk
Over the last month banks in the UAE have preferred conventional bond issuance whilst Saudi corporates have taken the Sukuk…
Abu Dhabi Islamic Bank expects approval from Bank Al-Maghrib
ADIB has applied for approval from the Morrocan Central Bank for approval to invest in participatory banking in Morocco by…
Investors eye rewards and risks in post-sanctions Iran
Foreign firms are eager to exploit the potential of Iran's long-isolated economy following a landmark nuclear deal, but experts say…
Ahli United Bank Registers Net Profit Of KD 25.5m In H1, 2015
Ahli United Bank announced its results and financial statements for the first half ending on June 30, 2015, following the…
Oman central bank rejects Bank Muscat's $1.3 bln sukuk plan -source
Bank Muscat, Oman's largest lender, has delayed plans to launch a 500 million rial ($1.3 billion) sukuk programme after the…
The alternative interest-free banking system – how it works
The 2008 sub-prime financial crisis led to protests and criticism on the negative impact of the financial and banking system…