Islamic Finance

Islamic Finance

Sohar Islamic inks agreement to provide retail and wholesale banking solutions to Madayn

April 13, 2022

Contributing and promoting the national agenda of diversification as well as generating in country value (ICV), Sohar Islamic - Sohar…

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Financial Results

QIB profit grows 14% to reach QR855m in Q1

April 13, 2022

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March…

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Islamic Finance

Emirates Islamic launches Emarati Business Account to support UAE national companies

April 12, 2022

UAE-based bank Emirates Islamic has launched Emarati Business Account, designed specifically to cater to the needs of UAE national companies,…

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Comment & Analysis

UAE’s National Bonds’ investments rise by 36% to Dhs11.89bn in 2021

April 12, 2022

Shari’a-compliant savings and investment company, National Bonds’ 2021 annual profits report has revealed that more UAE nationals and residents are…

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Investment Banking

Qatar's QIC, QInvest to create Islamic asset management company

April 11, 2022

Qatar Insurance Company (QIC) and QInvest, a leading investment bank in Qatar, have announced that they are joining forces to…

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Islamic Finance

QIB completes legal procedures to raise foreign ownership limit up to 100%

April 8, 2022

Qatar Islamic Bank  Group has completed legal procedures regarding raising the foreign ownership limit up to 100%.   "Pursuant to…

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Islamic Finance

Qatar takes part in Arab Monetary Fund, Arab Finance Ministers Council meetings

April 8, 2022

The meeting took place in Jeddah in the Kingdom of Saudi Arabia. The session reviewed the most important regional and…

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Comment & Analysis

ADIB postpones instalments for finance customers during Ramadan 2022

April 8, 2022

Abu Dhabi Islamic Bank has announced that it would be postponing one monthly instalment for its personal finance customers at…

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Islamic Finance

Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021

April 7, 2022

Lending by Islamic banks grew by 17.9 percent in 2021 — the highest annual rate on record, according to data…

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Islamic Finance

Bank Nizwa signs agreement with Ministry of Labour to support ‘Sahim’ program

April 6, 2022

Demonstrating cohesion with Ministry of Labour’s ongoing efforts to facilitate job seekers and fresh graduates with temporary work permits under…

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Islamic Finance

Al Rajhi Bank – Jordan signs with ICSFS

April 5, 2022

Al Rajhi Bank  has selected ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS),…

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Islamic Finance

The Islamic finance industry has been bracing for a new world since COVID-19

March 31, 2022

2020 has been branded as one of the most challenging years economically given the widespread impact of pandemic-imposed measures, such…

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