QIB Profit grows by 16%
His Excellency, Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, Chairman of Qatar Islamic Bank (QIB) has announced…
Islamic Finance
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Qatar International Islamic Bank retains A credit rating from Moody's
The American credit rating agency Moody’s has given Qatar International Islamic Bank a top rating for its performance during the…
New ADIB global sukuk fund raises over $160m
Abu Dhabi Islamic Bank has raised over AED587 million ($160 million) through its new flagship fund, the ADIB Global Sukuk…
Egypt's Abu Dhabi Islamic Bank triples capital of subsidiary ADI-CF
The Egyptian Islamic bank, Abu Dhabi Islamic Bank (ADIB), announced it has increased the share capital of its consumer finance…
Saudi British Bank launches shariah-compliant green deposit product
The Saudi British Bank (SABB) said it has launched a new Shariah-compliant green deposit product, the first in the kingdom…
Saudi National Bank plans Sukuk denominated in US Dollar
The Saudi National Bank plans to issue Islamic bonds, or Sukuk, denominated in US Dollar with the size of the…
Major Mena banks to post 29% jump in fourth- quarter earnings, EFG Hermes says
Major banks in the Middle East and North Africa are expected to post a 29 per cent annual increase in…
Promising outlook for global Sukuk market following robust 2021
Fitch Ratings-Dubai : “Growth will be anchored by robust Islamic investor appetite, funding diversification goals, and Islamic-finance development agendas in…
ADIB Egypt raises capital of its consumer finance company to $1.90mln
Abu Dhabi Islamic Bank (ADIB) Egypt has announced an increase in the issued and paid-in capital of the Abu Dhabi…
Chimera Capital LLC launches Shariah-compliant exchange traded fund tracking the S&P Saudi Arabia Shariah Index
Chimera Capital LLC has announced the launch of its Chimera S&P KSA Shariah Compliant Exchange Traded Fund (Bloomberg: CHSASHIN), a…
Egypt to issue first sovereign sukuk
Egypt is seeking to finalize the executive regulations for a sovereign sukuk by the end of this month, in preparation…
ADIB hires global transaction banking head
Abu Dhabi Islamic Bank (ADIB) has hired Mark Emmerson as its new head of global transaction banking, starting with immediate…