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…
Islamic Finance
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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…
Emirates Islamic Announces First Half 2015 Results
Emirates Islamic,one of the leading Islamic financial institutions in the UAE,delivered impressive results for the period ending June 30, 2015,…
Everys Solicitors expand into Middle East with Iranian law firm acquisition
Everys Solicitors has agreed a deal to acquire the legal practice of an eminent Iranian law firm with offices in…
QIIB posts QR438m profit
Qatar's leading Islamic bank QIIB has announced a net profit of QR438m for the first half of 2015 (H1, 15),…
Ithmaar launches shariah-compliant prepaid e-card
Ithmaar Bank, a Bahrain-based Islamic retail bank, has launched a new sharia-compliant prepaid e-Card. A statement said the card…