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…
Islamic Finance
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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…
Islamic banks' reputation surges amidst pandemic
A report by CARMA has identified the top five Islamic banks in the MENA and Asia regions in terms of…
Saudi Arabia sukuk to join widely followed FTSE bond index
FTSE Russell said on Thursday that Saudi Arabia's sukuk will be added to its widely followed local currency Emerging Markets…
Sedco Capital, Lombard launch Shariah-compliant fund
Sedco Capital and Lombard Odier has launched the SC LO Global ESG Equities Fund, an ESG-focused and Shariah-compliant UCITS strategy…