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),…
Islamic Finance
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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…
Oman’s Islamic banking growth to continue despite challenges
Oman’s Islamic banking sector is likely to sustain its strong growth trajectory in the short-to-medium term despite a number of…
QIB launches “Flexi CD”, its new flexible certificate of deposits
Qatar Islamic Bank (QIB) has announced the launch of a new series of Flexible Certificate of Deposits (Flexi CD), with…
Rising public demand set to drive Islamic banks growth: Bahrain
Rising public demand for Islamic products and the expected improvement in operating environment is set to drive growth in Bahrain’s…