ADIB postpones instalments for finance customers during Ramadan 2022
Abu Dhabi Islamic Bank has announced that it would be postponing one monthly instalment for its personal finance customers at…
Islamic Finance
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Saudi Arabia’s Islamic banks lending grow by a record 17.9% in 2021
Lending by Islamic banks grew by 17.9 percent in 2021 — the highest annual rate on record, according to data…
Bank Nizwa signs agreement with Ministry of Labour to support ‘Sahim’ program
Demonstrating cohesion with Ministry of Labour’s ongoing efforts to facilitate job seekers and fresh graduates with temporary work permits under…
Al Rajhi Bank – Jordan signs with ICSFS
Al Rajhi Bank has selected ICS BANKS Islamic and ICS BANKS Digital Banking software solutions from ICS Financial Systems (ICSFS),…
The Islamic finance industry has been bracing for a new world since COVID-19
2020 has been branded as one of the most challenging years economically given the widespread impact of pandemic-imposed measures, such…
Saudi Arabia regains position as global leader in sukuk, Islamic financing: Bloomberg
Saudi Arabia has surpassed Malaysia as the world’s biggest issuer of sukuk and Islamic finance in 2021 for the first…
Dubai Islamic Bank, PMRC join hands to promote housing finance
Dubai Islamic Bank and Pakistan Mortgage Refinance Company (PMRC) have joined hands to support government’s vision of providing low-cost housing…
Over $400bln required to bridge ‘digital divide’: Saudi-based ISDB chairman
The chairman of Jeddah-based Islamic Development Bank (ISDB) said that huge investments and more government efforts are required to help…
QIB named ‘Most Efficient Bank in Middle East and Africa’ in 2021
Qatar Islamic Bank (QIB) ranked the most efficient bank in the Middle East and Africa, emerging first among the largest…
Muzn Islamic Banking records 24% rise in net profit
Muzn, National Bank of Oman’s Islamic Banking window, has released its financial results for 2021, recording a strong performance with…
Sharjah Islamic Bank wins the Dubai Service Excellence Program award
Sharjah Islamic Bank picked up the award for Best Service Performance Brand in the service sector, at the twenty-eighth session…
Sharjah markets 8-year Islamic bonds
The government of Sharjah, one of the seven United Arab Emirates, has begun taking orders for eight-year U.S. dollar-denominated Islamic…