Invesco sees a boost in Shariah-related investment products in 2022
Looking ahead to 2022, Invesco experts expect to see a continued growth of opportunities for investors looking for Shariah-compliant investment…
Islamic Finance
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Saudi Riyad Bank to issue dollar denominated Tier 1 capital sukuk
Saudi Arabia's Riyad Bank plans to issue US dollar denominated Tier 1 capital sukuk to support its capital base and…
QIIB awarded “Best Bank in Qatar for Credit Card Offers 2021” by The Global Economics
The Global Economics, based in the UK, awarded QIIB 'Best Bank in Qatar for Credit Card Offers 2021', in recognition…
Dubai Islamic Bank expects UAE to remain globally competitive after new corporate tax
Dubai Islamic Bank, one of the city’s biggest lenders, expects the United Arab Emirates to remain competitive after a new…
Sharjah Islamic Bank's net profit up 26.7% in 2021
Sharjah Islamic Bank reported on Wednesday a 26.7 percent increase in net profit for 2021 on the back of a…
New IsDBI book details practical ways of curtailing risk in Islamic Finance
The Islamic Development Bank Institute (IsDBI) has released a new book detailing the application of ‘heavy tails’ distribution techniques to…
Masraf Al Rayan Reports A Net Profit Of QAR 1,718 Million
Total Income exceeded QAR 5,106 million; Net profit reached QAR 1,718 million; Financing assets reached QAR 121 billion, an increase…
Alizz Islamic Bank announces restructured Bushra Account
Adding a new set of monthly profits on customer deposits, Alizz Islamic Bank recently announced the restructuring of its Bushra…
Ithmaar Bank relaunches prize scheme
Ithmaar Bank has relaunched its Thimaar savings account, offering its holders 2,016 prizes. The Bahrain-based Islamic retail bank will…
Dubai Islamic Bank's FY net profit climbs 39% despite income drop
Dubai Islamic Bank achieved a full-year 2021 net profit of 4.4 billion dirhams ($1.2 billion), up by 39 percent year-on-year,…
Emirates Islamic's net profit grows to AED 823mln for FY 2021
Emirates Islamic’s net profit jumped to AED 823 million for 2021 on higher non-funded income and a significant reduction in…
QIIB releases its financial statement for the financial year 2021
Net profit exceeds one billion riyals, with a growth rate of 7% The Board of Directors recommends the distribution of…