ADIB net profit rises in first quarter
Abu Dhabi Islamic Bank, one of the major lenders in the UAE, said yesterday its fiscal first quarter net profit…
Islamic Finance
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Abu Dhabi Investment Authority Director Jauan Al Dhaheri Dies
Jauan Salem Al Dhaheri, a board member of the Abu Dhabi Investment Authority and secretary general of the emirate’s Supreme…
Emirates Islamic Bank announces 101% increase in first quarter net profit
Emirates Islamic Bank, one of the leading Islamic financial institutions in the region, announced today a 101% increase in net…
Noor Islamic Bank reports net profits of Dhs75.5m for 2012
Noor Islamic Bank delivered a strong performance in 2012 that has translated into a rise in profits of Dhs26.4m to…
Dubai IslamicBank eyes acquisitions in Asian markets
Dubai IslamicBank has dealt with much of its balance sheet weakness and should see profits for 2013 grow in the…
Qatar Islamic Bank rules out 2013 sukuk issues
Qatar Islamic Bank, the Gulf state’s largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before…
Noor Islamic Bank reports net profits of Dh75.5 million for 2012
Noor Islamic Bank reported a net profit of Dh75.5 million for the full year 2012, up Dh26.4 million compared…
UAE's First Gulf Bank Q1 net profit rises 12 pct
First Gulf Bank, the second-largest bank in the United Arab Emirates by market value, posted a 12 percent increase…
Simmons and Simmons advises on launch of Shariah-compliant funds platform
Simmons and Simmons has advised SEDCO Capital on the development and successful launch of a one-stop-shop investment platform of Shariah-compliant…
International Islamic posts 5.6% profits increase
Capitalising on the opportunities for Shariah-based financing in the local market, International Islamic posted a net profit of QR185.3mn in…
Tax Law to be Adjusted for Islamic Banks:KPMG
The tax law, regulations on taxation and protocols within the tax agreement will be adjusted to reflect Islamic banking transactions…
Oman's Alizz Islamic Bank eyes Q3 launch
Omani lender Alizz Islamic Bank, the second full-fledged Islamic bank in the sultanate, plans to begin operations in the third…