Islamic Finance

Financial Results

Al Baraka Banking B S C : Group records a net profit of US$ 26 million attributable to shareholders, for the first quarter of 2021

May 11, 2021

Al Baraka Banking Group BSC which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code 'BARKA'), has…

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Hedge Funds & Alternative Investments

Kuwait Finance House-Bahrain renews its agreement with Eskan Bank for "Danaat Al Baraka" project

May 11, 2021

Kuwait Finance House - Bahrain has announced the signing of a Memorandum of Understanding (MoU) with Eskan Bank to provide…

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FinTech

Kuwait Finance House Introduces Digital Wallet Service, Supported via Smartphones with Assistance from Samsung, FitBit, Garmin

May 10, 2021

Kuwait Finance House  has introduced a digital wallet service that is being supported through smartphones (and even smart watches).  …

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Islamic Finance

Ajman Bank launches its first dedicated wealth management branch in Dubai

May 10, 2021

Ajman Bank has announced the opening of its first dedicated Wealth Management branch in Jumeirah Dubai that is designed to…

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Comment & Analysis

World's Best Islamic Financial Institutions 2021

May 8, 2021

The last year wasn’t an easy year for anyone. Lockdowns dampened economic activity to the point that GDP fell nearly…

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Islamic Finance

More than 51% of traded constituents make gains on QSE

May 8, 2021

The Qatar Stock Exchange Thursday saw more than 51% of the traded constituents make gains although it treaded a flat…

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FinTech

QIB is 1st bank in Qatar to launch AI virtual assistant ‘Zaki’

May 4, 2021

Qatar Islamic Bank  is the first bank in Qatar to launch a conversational virtual assistant armed with proprietary artificial intelligence…

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Financial Results

Bank of Sharjah Group reports Dh666 million consolidated net loss in 2020 from provisions in Lebanon

May 3, 2021

Bank of Sharjah Group reported a consolidated net loss of Dh666 million for 2020 after making significant provisions for its…

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Financial Results

ADIB eyes sustained growth with 125% Q1 net profit surge

May 3, 2021

Abu Dhabi Islamic Bank said on Sunday that it is well-positioned for a period of sustained growth in 2021 on…

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Financial Results

Dubai Islamic Bank profit down year-on-year but quarterly growth brings cheer

April 29, 2021

Dubai Islamic Bank posted a strong rebound in first-quarter 2021 profit compared to the preceding three months, bringing cheer to…

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Comment & Analysis

Moving away from LIBOR: Islamic Development Bank issues SOFR-linked sukuk

April 26, 2021

The Jeddah-based Islamic Development Bank has issued its first-ever Secured Overnight Financing Rate (SOFR)-linked sukuk in the global capital markets.…

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Financial Results

UAE’s Emirates Islamic Bank posts 37% rise in Q1 net profit

April 21, 2021

UAE-based lender Emirates Islamic Bank has posted a Q1 2021 net profit of Dhs212m, up 37 per cent year-on-year from…

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