Sharjah Islamic Bank CEO wins 'Best CEO Award' in Islamic banking sector
Sharjah Islamic Bank has announced that Mohamed Abdalla, CEO of SIB, won the Best CEO Award in The Islamic Banking…
Islamic Finance
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Oman’s Islamic banking assets crosses RO6bn mark
Islamic banking is continuing to grow rapidly in Oman driven by growing awareness about Sharia’a-compliant products, strong retail demand and…
ADIB to set up asset management-focused entity
Abu Dhabi Islamic Bank (ADIB) will set up an entity focused on asset management as part of its ambitions to…
Aafaq Islamic Finance appoints Hisham Hammoud as CEO
The Board of Directors of "Aafaq Islamic Finance" has announced today the appointment of Hisham Hammoud, as the new CEO…
Dubai Islamic Bank 1st Quarter 2022 group financial results
Robust balance sheet growth of 3% YTD reach AED 287 billion. Total income of over AED 3 billion, up 6%…
Abu Dhabi’s ADIB provides $136mn Sharia’a-compliant financing for Jubail Island construction
The Abu Dhabi Islamic Bank which is one of the UAE’s leading financial institutions, has signed a $136.12 million (AED…
Sharjah’s economy grows 4.8% in 2021, DSCD economic survey reveals
Sharjah’s gross domestic product (GDP) expanded by an annual 4.8% in 2021, as per official data released by the emirate’s…
QIIB net profit rises 5% to QR294.9m in Q1
Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman, QIIB’s Board of Directors announced the bank’s financial results for…
ITFC, Saudi EXIM Bank and “Monshaat” sign MoU for Saudi SME development program
The International Islamic Trade Finance Corporation, member of the Islamic Development Bank Group, the Saudi Export and Import Bank (Saudi…
Saudi Arabia issues $2.6bn worth of riyals-denominated Sukuk in April
Saudi Arabia’s National Debt Management Center issued SR9.98 billion ($2.6 billion) worth of riyals-denominated Sukuk in April. In a…
Islamic Development Bank hires banks for 5-year dollar sukuk
The Jeddah-based Islamic Development Bank has hired a group of banks to arrange the sale of five-year U.S. dollar-denominated sukuk,…
Mastercard recognizes QIB on the anniversary of first Islamic point of sale solution in Qatar
Qatar Islamic Bank (QIB) has received recognition from Mastercard on the third anniversary of the launch of Qatar’s first Islamic…