Islamic Development Bank provides $3bn for renewable energy
The Islamic Development Bank's is providing more than $3 billion in financing for renewable energy projects, and more than $5…
Islamic Finance
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Qatari Central Bank approves $50bln bank merger
Qatar Central Bank (QCB) has approved the $50bn merger between Masraf Al Rayan and Al Khaligi Bank. The merged…
KFH wins World’s Best Islamic Financial Institution 2021 award
Kuwait Finance House (KFH) won the World’s Best Islamic Financial Institution 2021 Award from Global Finance Magazine at its 14the…
QIB receives 6 prestigious awards
QIB Group CEO was awarded ‘CEO of the Year’ in Qatar Best Digital Bank in Qatar Best Retail Bank in…
ADIB seeks M&A deals in UAE and GCC to expand asset base
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, is looking for merger and acquisition opportunities in the…
Firm foundations and digital transformation put Qatar’s banking sector on recovery path
A new COVID-19 Response Report (CRR), produced by global and research advisory firm Oxford Business Group (OBG) in partnership with…
New strategy to boost Oman’s Islamic banking sector
The Central Bank of Oman (CBO) has announced that it is developing a strategy to align the robust growth of…
Dubai Islamic Bank posts Dh3.1b 9-month net profit
Dubai Islamic Bank (DIB) on Wednesday reported Dh3.1 billion net profit for the nine months on 2021. While the…
BisB Outlines a Three-Year Sustainability Roadmap
In line with its strategy towards integrating Environmental, Social and Governance (ESG) considerations across all business fronts, Bahrain Islamic Bank…
KFH reports KD 168.1 million net profit for shareholders until end of Q3 ’21, up 66.1%
Chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net…
Sharjah Islamic raises foreign ownership limit to 40% amid strong investor demand
Sharjah Islamic Bank will raise foreign ownership to 40 per cent amid “strong” demand from investors. “Investors from all…
IsDB Institute wins again 'Best Islamic research firm' award
For the second consecutive year, the Islamic Development Bank Institute (IsDBI) has won the ‘Best Islamic Research Firm’ award, having…