Asset price recovery boosts profits of Islamic banks
Islamic banks operating in the UAE reported robust growth in assets and profits in the first half of this year…
Islamic Finance
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Watania agrees to sell stake to Gulf investors
The Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes…
Commercial Bank To Provide Sharia-Compliant Products And Services
An increasing number of Kuwaiti lenders are moving away from traditional banking in a bid to tap into a booming…
Jordan: PM attends ceremony to launch Islamic finance bonds
Prime Minister Abdullah Ensour attended on Thursday a ceremony to launch Islamic Sukuk (finance bonds), organised by the national capital…
Abu Dhabi National Takaful Company H1 net profit down 24 per cent at AED 15 million
H.E. Khadem Al Qubaisi Chairman of Abu Dhabi National Takaful Company, said. “Despite of the fierce competition, Abu Dhabi National…
Masraf Al Rayan UK unit offers new schemes
Islamic Bank of Britain plc (IBB), a subsidiary of Masraf Al Rayan UK, has announced to extend its UK real…
RAKBank posts Dh700m H1 net profit
RAKBank on Tuesday reported a net profit of Dh700.4 million for the first half of 2014, dow Dh59.6 million over…
NBQ posts Dh186.32 million first half net profit
National Bank of Umm Al Quwain (NBQ) on Wednesday reported Dh186.32 million net profits for the first six months of…
Islamic Development Bank places $1 billion sukuk
Jeddah-based Islamic Development Bank (IDB) issued $1 billion in five-year Islamic bonds, or sukuk, earlier this month, the largest ever…
Number of entries for ADIB & Thomson Reuters' Ethical Finance Innovation Challenge and Awards (EFICA) exceeds last year
Abu Dhabi Islamic Bank and Thomson Reuters ' second Ethical Finance Innovation Challenge and Awards have already received high levels…
Qatar's largest Islamic bank posts 12% rise in Q2 net profit
Masraf Al Rayan, Qatar's largest Islamic lender by market value, reported a 12.1 percent increase in second-quarter net profit on…
Qatar International Islamic Bank H1 net profit up 10 per cent
International Islamic’s net profit for H1 2014 stood at QAR 402 million compared with QAR 365 million during the same…