Al Hilal Bank eyes 42% jump in net income this year
Abu Dhabi-based Islamic lender Al Hilal Bank is eyeing a nearly 42 per cent increase in its net profit in…
Islamic Finance
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Al Salam, BMI in key merger agreement
Bahraini retail lender BMI said its board members have reached an agreement with Al Salam Bank-Bahrain, a dynamic, diversified and…
Path Solutions Announces the Recertification of iMAL by a Leading Sharia Supervisory Body
Path Solutions has announced that it is in the process of recertifying its multi-award winning Islamic core banking system -…
Egyptian banks register profits despite economic uncertainties
Following the release of financial reports for the first half of the year, a number of banks have recorded consistent…
AAOIFI Certification Program for Islamic Banking and Finance Information Systems Withdrawal of Certification for Path Solutions
AAOIFI have announced that the AAOIFI certification granted to Islamic banking and finance information systems offered by Path Solutions…
Jordan bank adopts Microsoft technology
As per its strategy, Jordan Dubai Islamic Bank (JDIB) has implemented Microsoft's Virtual Desktop Infrastructure (VDI), making it the first…
Gulf Finance appointed a new CEO.
SHUAA Capital today announced that the Board of Gulf Finance Corporation (' Gulf Finance '), a leading independent commercial lender…
IILM issues ground-breaking sukuk
The International Islamic Liquidity Management Corporation has concluded the auction of its inaugural short-term sukuk amounting to US$490 million, taking…
Kurdistan International Bank for Investment & Development goes live on iMAL
Path Solution have announced that Kurdistan International Bank for Investment & Development (KIB), the leading bank in the Kurdistan region…
Islamic Banking Expansion to Help Omani Banks Boost Revenues
Muscat Expansion into Islamic banking has the potential to strengthen the franchises of Omani banks and aid in diversifying revenue…
Limitless signs Sharjah Islamic Bank at The Galleries
Sharjah Islamic Bank has taken a 300 square metre area at The Galleries, where banks now account for more than…
Saudi lender SABB eyes capital-boosting Islamic bond issue – sources
Saudi British Bank, an affiliate of HSBC Holdings, is aiming to sell a Tier 2 capital-boosting Islamic bond, or sukuk,…