Islamic Finance

Islamic Finance

Abu Dhabi Islamic Bank named ‘Islamic Bank of the Year 2022’ by The Banker Magazine from FT

June 22, 2022

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has been recognised as the Best Islamic Bank by Financial Times’…

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Islamic Finance

Responding to inequality: The role of OIC nations and Islamic finance

June 3, 2022

Inequality across and within countries has grown. According to the UN’s World Social Report 2020, over 70% of the world’s…

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Islamic Finance

Attitudes to Islamic Wealth Management in a Shifting African Private Wealth Landscape

May 24, 2022

Across the continent, High Net Worth Individuals (HNWI) – defined as those who have US$1 million or more of investible…

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Awards and Recognition

Sharjah Islamic Bank CEO wins 'Best CEO Award' in Islamic banking sector

May 20, 2022

Sharjah Islamic Bank has announced that Mohamed Abdalla, CEO of SIB, won the Best CEO Award in The Islamic Banking…

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Islamic Finance

Oman’s Islamic banking assets crosses RO6bn mark

May 18, 2022

Islamic banking is continuing to grow rapidly in Oman driven by growing awareness about Sharia’a-compliant products, strong retail demand and…

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Islamic Finance

ADIB to set up asset management-focused entity

May 5, 2022

Abu Dhabi Islamic Bank (ADIB) will set up an entity focused on asset management as part of its ambitions to…

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Executive Moves

Aafaq Islamic Finance appoints Hisham Hammoud as CEO

April 29, 2022

The Board of Directors of "Aafaq Islamic Finance" has announced today the appointment of Hisham Hammoud, as the new CEO…

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Financial Results

Dubai Islamic Bank 1st Quarter 2022 group financial results

April 27, 2022

Robust balance sheet growth of 3% YTD reach AED 287 billion. Total income of over AED 3 billion, up 6%…

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Islamic Finance

Abu Dhabi’s ADIB provides $136mn Sharia’a-compliant financing for Jubail Island construction

April 26, 2022

The Abu Dhabi Islamic Bank  which is one of the UAE’s leading financial institutions, has signed a $136.12 million (AED…

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Financial Results

Sharjah’s economy grows 4.8% in 2021, DSCD economic survey reveals

April 26, 2022

Sharjah’s gross domestic product (GDP) expanded by an annual 4.8% in 2021, as per official data released by the emirate’s…

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Financial Results

QIIB net profit rises 5% to QR294.9m in Q1

April 25, 2022

Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman, QIIB’s Board of Directors announced the bank’s financial results for…

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Islamic Finance

ITFC, Saudi EXIM Bank and “Monshaat” sign MoU for Saudi SME development program

April 21, 2022

The International Islamic Trade Finance Corporation,  member of the Islamic Development Bank  Group, the Saudi Export and Import Bank (Saudi…

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