Qatar International Islamic Bank mulls 100% foreign ownership
Qatar International Islamic Bank's board of directors has recommended allowing foreign investors to own up 100 percent of the bank's…
Islamic Finance
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Al Babtain and Kuwait Finance House strengthen partnership
Driven in the pursuit of providing exceptional customer experiences, Abdulmohsen Abdulaziz Al-Babtain Co (AABC), the sole authorized dealer of Nissan…
Assets of UAE Islamic banks grow by 5% in 2020: Central Bank
Assets of fully-fledged Islamic banks grew by 5 percent during 2020, accounting for about 19 percent of UAE’s total banking…
Kuwait’s Ahli United Bank lists $600mln sukuk on Nasdaq Dubai
Nasdaq Dubai welcomed the listing of a US$600 million Sukuk by Ahli United Bank, one of Kuwait’s leading financial institutions.…
Dubai Islamic Bank closes $1b senior sukuk
Dubai Islamic Bank successfully priced $1 billion 5 year sukuk issue with a profit rate of 1.95 per cent per…
QIB launches new generation of its top and most rated mobile banking app in Qatar
Qatar Islamic Bank has announced the launch of an all-new version of its award-winning Mobile App. Creating a simplified…
Qatar’s Islamic finance assets reach QR528bn in 2020
Qatar Central Bank (QCB) Governor, H E Sheikh Abdulla bin Saoud Al Thani, said the Islamic finance in Qatar is…
Kuwait Finance House Spearheads RegTech in the GCC with Expanded Partnership with Codebase Technologies
Codebase Technologies has been selected by Kuwait Finance House Bahrain to expand the bank’s digital market leadership with a streamlined…
Bahrain's Islamic Banking Sector Projected to Grow Jolted By M&A
The market share of Islamic banks in Bahrain is expected to increase in 2021-2022 after reaching 37.1% of domestic banking…
Bahrain's Sizable Islamic Banking Sector Has Scope for Growth
The market share of Islamic banks (including Islamic windows) in Bahrain is expected to increase in 2021-2022 after reaching 37.1%…
Bahrain’s GFH is on the ball in buyout plan for Khaleeji Commercial Bank
Bahrain-based investment company GFH Financial Group gave a stellar performance for the first quarter, with earnings per share at $0.53…
Alinma Bank hires JPMorgan Saudi Arabia for riyal sukuk
Alinma Bank has mandated Alinma Investment Company and JPMorgan Saudi Arabia to sell a sukuk in Saudi riyals. The…