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,…
Islamic Finance
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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…
Abu Dhabi Islamic Bank appoints new Head of Private Banking
Abu Dhabi Islamic Bank has announced the appointment of Dr. Amer Alameri as the bank’s new Head of Private Banking.…
Sharjah Islamic Bank's net profit up 27%
Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in 31st December 2021, an increase…
ADIB Reshuffles Top Leadership Days After New CEO Takes Charge
Abu Dhabi Islamic Bank PJSC, the second-biggest Sharia compliant lender in the United Arab Emirates, has unveiled a series of…
Faisal Islamic Bank Egypt reports 30.3% growth in 2021 standalone profit
Faisal Islamic Bank of Egypt (FAIT) reported a 30.3% year-on-year increase in standalone net profit for the year ended December…
ADIB awarded Best Digital Platform for Corporates
Abu Dhabi Islamic Bank has been awarded the Best Business Ecosystem Platform in 2021 by The Asian Banker during the…
Oman c.bank approves due diligence for Sohar Int'l Bank, Bank Nizwa merger
Oman’s Sohar International Bank on Wednesday said it had received an approval from the central bank to go ahead with…
Saudi Arabia kicks off the year with a $755 million sukuk issuance
The Saudi government offered sukuk denominated in Saudi riyals worth SR2.83 billion ($755 million) in its first issuance for the…
Egypt completes a $3bn loan for green and Islamic financing
Egypt secured a $3 billion loan arranged jointly by a group of Gulf banks, to be divided equally between green…
Egypt completes $3bln loan for green and Islamic financing
Egypt secured a $3 billion loan arranged jointly by a group of Gulf banks, to be divided equally between green…