JSC approves JD10m Islamic sukuk issuance
The Board of Commissioners of the Jordan Securities Commission (JSC) has approved the second private-sector issuance of its kind for…
Islamic Finance
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Al Baraka Islamic Bank launches alBarakat 2026 scheme
Al Baraka Islamic Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of…
Sharjah Islamic Bank posts 19.4% profit growth in Q1
Sharjah Islamic Bank reported a strong financial and operational performance for the first quarter of 2026, posting a net profit…
Warba Bank announces new management structure
Appoints Two Deputy CEOs to Lead Treasury and Investment, and Digital Transformation and Operations In a strategic move aimed at…
GCC Islamic banks show resilience amid geopolitical tensions
Islamic banks across the Gulf Cooperation Council (GCC) are demonstrating resilience amid heightened geopolitical tensions in the Middle East, supported…
ADIB mobilises $5.53bln in sustainable finance in 2025
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has mobilised and facilitated AED20.3 billion ($5.53 billion) in sustainable…
KFH–Bahrain introduces new Eid banknote withdrawals via extreme teller machines for the first time
Kuwait Finance House–Bahrain has announced the availability of new Eid banknotes through the Bank’s Extreme Teller Machines (XTMs). This…
Ithmaar Bank continues to provide banking services to its corporate clients
Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, continues to provide all banking services to its corporate clients with…
Sharjah Islamic Bank’s General Assembly approves 20% cash dividend and capital increase in the golden jubilee year
H.E. Abdul Rahman Al Owais, Chairman of the Board of Directors of Sharjah Islamic Bank (SIB), chaired the Bank’s Annual…
GCC banks are well buffered against Iran conflict credit risks
Gulf Cooperation Council banking systems face few immediate credit risks from the regional conflict that has followed attacks launched by…
Suez Canal Bank, Alameda partner to integrate premium banking, healthcare services
Suez Canal Bank has signed a cooperation protocol with Alameda Healthcare Group, one of Egypt’s largest integrated healthcare providers, aimed…
IsDB announces $2.41bn in new financing for development sectors
The Islamic Development Bank has approved $2.41 billion in new financing for a series of transformative projects during its 364th…