Ajman Bank launches its first dedicated wealth management branch in Dubai
Ajman Bank has announced the opening of its first dedicated Wealth Management branch in Jumeirah Dubai that is designed to…
Islamic Finance
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World's Best Islamic Financial Institutions 2021
The last year wasn’t an easy year for anyone. Lockdowns dampened economic activity to the point that GDP fell nearly…
More than 51% of traded constituents make gains on QSE
The Qatar Stock Exchange Thursday saw more than 51% of the traded constituents make gains although it treaded a flat…
QIB is 1st bank in Qatar to launch AI virtual assistant ‘Zaki’
Qatar Islamic Bank is the first bank in Qatar to launch a conversational virtual assistant armed with proprietary artificial intelligence…
Bank of Sharjah Group reports Dh666 million consolidated net loss in 2020 from provisions in Lebanon
Bank of Sharjah Group reported a consolidated net loss of Dh666 million for 2020 after making significant provisions for its…
ADIB eyes sustained growth with 125% Q1 net profit surge
Abu Dhabi Islamic Bank said on Sunday that it is well-positioned for a period of sustained growth in 2021 on…
Dubai Islamic Bank profit down year-on-year but quarterly growth brings cheer
Dubai Islamic Bank posted a strong rebound in first-quarter 2021 profit compared to the preceding three months, bringing cheer to…
Moving away from LIBOR: Islamic Development Bank issues SOFR-linked sukuk
The Jeddah-based Islamic Development Bank has issued its first-ever Secured Overnight Financing Rate (SOFR)-linked sukuk in the global capital markets.…
UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit
UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from…
Saudi Arabia's Al Rajhi Bank reports 40% increase in Q1
Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 40.1 % rise in net profit, boosted by an…
Faisal Bank of Egypt’s business volume rises
The business volume of Faisal Islamic Bank of Egypt (FAIT) levelled up 11.2% Year on Year (YoY) to EGP 120.454…
World’s first digital Islamic bank launched
The Zurich Capital Funds Group has announces the launch of a digital Islamic bank compatible with Islamic law, which provides…