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…
Islamic Finance
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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…
Emirates Islamic swings to $218mln net profit on lower impairment costs
Emirates Islamic’s earnings have rebounded on the back of higher non-funded income and lower impairment allowances. The Islamic lender…
ADIB appoints veteran banker Chief Risk Officer
Abu Dhabi Islamic Bank has announced the appointment of Faisal Abu Shaar as the bank’s new Chief Risk Officer. …
ADIB appoints veteran banker Chief Risk Officer
Abu Dhabi Islamic Bank has announced the appointment of Faisal Abu Shaar as the bank’s new Chief Risk Officer. …
Islamic Development Bank gets $1.7bln via sukuk
The Jeddah-based Islamic Development Bank on Wednesday sold $1.7 billion in five-year Islamic bonds at 25 basis points over mid-swaps,…
Islamic Development Bank gets $1.7bln via sukuk
The Jeddah-based Islamic Development Bank on Wednesday sold $1.7 billion in five-year Islamic bonds at 25 basis points over mid-swaps,…
QIB bags award from Visa for enhanced digital solutions to cardholders
Qatar Islamic Bank has received “Appreciation for Innovation in Digital Banking” award from Visa for its continuous efforts in providing…
ITFC CEO announced as Islamic Trade Finance CEO of the Year Saudi Arabia 2021
The Global Banking & Finance Review has announced ITFC’s CEO, Eng. Hani Salem Sonbol as the winner of the Islamic…
QIB wins three accolades at Asset Triple A Islamic Finance Awards 2021
Qatar Islamic Bank, has received the “Islamic Bank of the Year”, “Islamic Issuer of the Year - Financial Institution”, and…
Al Salam bank-Bahrain commences discussions with Ithmaar holding for the potential acquisition of a group of assets
Al Salam Bank-Bahrain has signed a memorandum of understanding and entered into discussions with Ithmaar Holding B.S.C. ("Ithmaar Holding") (Bahrain…