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…
Islamic Finance
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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…
Al Baraka Islamic Bank Launches Exclusive Real Estate Financing Solutions to Customers
Al Baraka Islamic Bank, one of the leading Bahraini financial institutions in the field of Islamic banking, announced that it…
How Islamic Finance Can Support the Gambia's Economic Development
Tapping into Islamic finance will attract foreign direct investment into the Gambia and contribute significantly to its economic development. It…