Kuveyt Türk receives Islamic banking award from int’l institution
Istanbul-based lender Kuveyt Türk, the country's leading Turkish Islamic finance – commonly known as participation finance – institution, was deemed…
Islamic Finance
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Dubai Islamic Bank launches Rabbit 'FunTech' app aimed at tech-savvy customers
Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender, launched Rabbit, a “fun” digital offering that seeks to attract more technology-savvy…
Al Baraka Islamic Bank Receives Double Recognition at the IRBA 2021
Al Baraka Islamic Bank has recently received double recognition from the 7th Islamic Retail Banking Awards (IRBA) 2021, which include…
Social responsibility initiatives in Dubai surpass $816mln in value in 2020, according to IACAD report
The Islamic Affairs and Charitable Activities Department in Dubai (IACAD) has revealed that the value of social responsibility initiatives implemented…
Riyad Bank's board proposes dividend distribution for H2-21
Mubasher: The board of Riyad Bank has recommended a cash dividend distribution, equivalent to 5.4% of the capital, for the…
Standard Chartered makes key UAE hire as it targets Islamic banking growth
Standard Chartered has announced the appointment of Ali Allawala as head of Islamic banking (Saadiq) for the UAE as it…
Boubyan Bank inks pact with DIFC to launch accelerator
Boubyan Bank, the leading Islamic bank based in Kuwait, has signed a landmark agreement with DIFC FinTech Hive to launch…
Islamic finance moving beyond GCC
Over the past two decades, international investment banks have brought to market many increasingly sophisticated Shariah-compliant financial instruments — and…
QIB launches first Visa Direct remittance service in Qatar
Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced the launch of a new remittance service, Visa Direct, in…
IIFM and ISDA publish the IBOR Fallback Bilateral Amendment Agreement and IBOR Fallback Definitions Booklet
The International Islamic Financial Market and the International Swaps and Derivatives Association, Inc. have announced the publication of the ISDA/IIFM…
ADIB provides over AED 1bln in UK commercial real estate financing in 2021
Leading Islamic financial institution Abu Dhabi Islamic Bank PJSC, today announced that it has provided over AED 1 billion (£200…
SEDCO Capital Announces additional offering to increase the total asset value of SEDCO Capital REIT Fund
SEDCO Capital, a global Shariah-compliant and ethically led asset management and investment advisory firm has announced the commencement of the…