CBB Sukuk Al-Salam securities oversubscribed
Subscriptions worth BD 77.330 million were received for the BD 43 million issue, which carries a maturity of 91 days.…
Islamic Finance
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Abu Dhabi Islamic Bank enhances its digital banking ecosystem
Abu Dhabi Islamic Bank (ADIB) has announced that it will continue to develop its digital banking ecosystem and be at…
Kuwaiti Islamic banks post 4th best growth rate in financing operations
According to the data issued by Moody’s Agency for Investors Services from 2019 to the third quarter of 2021, shows…
Saudi Arabia issue $7bln sukuk in March, Kingdom's debt offices says
Saudi Arabia’s National Debt Management Center, also known as NDMC, issued a new Saudi riyal-denominated Sukuk worth around SR26.2 billion…
Islamic finance industry set for continued growth in 2022 despite challenges
The Islamic finance sector is set to continue growing in 2022 as the accelerating economic recovery, particularly in the GCC…
Saudi Social Development bank gives $2.9bln in loans in 2021
Saudi Arabia's Social Development Bank disbursed SR11 billion ($2.9 billion) worth of loans in 2021, SDB’s Business Executive Sultan Alhamidi,…
Islamic banking in Egypt amounts to EGP 429bn in 2021: Eifa
The volume of Islamic banking in Egypt amounted to about EGP 429bn in 2021, representing about 5% of the total…
Islamic banking plays key role in Qatar’s diversification drive
Banks are exploring new ways of delivering banking services to customers with rise in fintech innovations in Qatar. They are…
Aafaq Islamic Finance and Arab Financial Services partner to support fintech startups
Aafaq Islamic Finance has entered a strategic partnership whereby jointly, AFS and Aafaaq will support aspiring Fintech startus to launch…
Alkhabeer Capital appoints Chairman
Alkhabeer Capital, a prominent asset manager specialising in Shari’a-compliant investments and financial services, has appointed Ammar Ahmed Saleh Shata to…
Islamic insurance firms Dar Al Takaful, Watania agree on potential merger
The boards of Islamic insurers Dar Al Takaful PJSC, based in Dubai, and Abu Dhabi’s National Takaful Company (Watania) have…
QIB introduces innovative new features to its award-winning mobile app
QIB, Qatar’s leading digital bank, recently released several new innovative, and useful features, on its multi award-winning QIB Mobile App.…