Kuwait Finance House posts 13.7 pct Q2 profit gain, misses estimates
Kuwait Finance House, the Gulf state's biggest Islamic lender, reported a 13.7 percent jump in second quarter net profit on…
Islamic Finance
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Qatari bank CBQ beats forecasts with 17.3 pct jump in Q2 net profit
Commercial Bank of Qatar, the Gulf Arab state's second-largest lender by assets, beat analysts' forecasts with a 17.3 percent rise…
Jordan Expected to Issue Debut Sukuk
Jordan said last month it was going to issue its first ever sovereign sukuk, or sharia-compliant bonds, soon. The…
Barwa Real Estate arranges Shari'ah-compliant finance
The signed contract aims to refinance an outstanding Islamic financial liability of Barwa Real Estate, over seven years from the…
National Bank of Fujairah PJSC NBF 2015 half year net profit jumps 26.7%
National Bank of Fujairah PJSC is pleased to announce its results for the half year ended 30 June 2015. …
Meethaq Sharia’a board approves certificates for sukuk and new products
Meethaq’s Sharia’a Supervisory Board met for the second meeting this year under the chairmanship of Sheikh Dr Ali Qaradaghi, in…
Fitch assigns International Bank of Qatar Q.S.C. 'A+' IDR; outlook stable
Fitch Ratings has assigned Qatar-based International Bank of Qatar Q.S.C. (IBQ) a Long-term Issuer Default Rating (IDR) of 'A+' with…
Riyad Bank Q2 net profit dips, misses forecast
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 0.7 per cent decline in its second-quarter net profit on…
Bank of Tokyo-Mitsubishi UFJ Dubai Branch obtains Islamic Finance license
This approval has enabled its Dubai Branch to offer both conventional and Islamic financial services to customers. This is…
Former Saudi foreign minister Saud al-Faisal dies
Former Saudi Foreign Minister Prince Saud al-Faisal died on Thursday, Saudi Arabian sources and media close to the kingdom's ruling…
Dubai achieved goal to become capital of Islamic economy: Mohammed
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, …
Abu Dhabi Islamic Bank plans Morocco and Algeria expansion
Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is planning expansion in Africa markets to tap…