Revealed: How UAE banks performed during Q3
UAE-based banks registered a sharp rise in earnings during the third quarter of 2021, indicating that they are prioritising profitability…
Islamic Finance
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Standard Chartered appoints UAE Head of Islamic Banking
Standard Chartered has announced the appointment of Ali Allawala as Head of Islamic Banking (Saadiq) for the United Arab Emirates…
Stable capital at GCC Islamic banks in 2022: Fitch
The 2022 sector outlook for GCC Islamic banks is neutral, reflecting a modest economic recovery and higher oil prices, said…
Takaful insurance to make debut in Iran
Iran will launch limited takaful insurance services for the first time after finance minister Ehsan Khandouzi said that there is…
Bahrain's Esterad Investment issues LoI to acquire Venture Capital Bank
Bahrain’s Esterad Investment has issued a non-binding Letter of Intent (LoI) to acquire up to 100 percent of the share…
Qatar completes first merger of two publicly listed banking giants; Masraf Al Rayan has QR182b in assets
Qatar’s banking sector has completed the first merger of two of its publicly listed entities. With the legal process…
Bahrain ranks 4th globally in Islamic Finance
Bahrain has ranked fourth in the world and second in MENA for Islamic finance development according to the 2021 Islamic…
GIB Saudi Arabia wins Best Islamic Receivable Finance
Gulf International Bank Saudi Arabia has announced that it won the Best Islamic Receivable Finance Award 2021 at the Saudi…
QIB Awarded ‘Bank of The Year in Qatar’
Qatar Islamic Bank has recognized for the second consecutive year as “Bank of The Year in Qatar” by The Banker…
Jersey Finance launches landmark study on the global attitudes to Islamic wealth management
Jersey Finance, which champions and represents the award winning global international finance centre in Jersey, recently launched its landmark study…
Emirates Development Bank lends over Dhs700m to UAE’s industrial sector
UAE’s Emirates Development Bank (EDB) has allocated a Dhs700m financing package to the nation’s industrial sector since the beginning of…
National Bank of Bahrain targets a 25% market share: CEO
The National Bank of Bahrain is expanding its Islamic banking operations as part of its growth strategy, the bank’s CEO…