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…
Islamic Finance
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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…
Sharjah Islamic Bank records 7% higher profits in Q1-21
Sharjah Islamic Bank (SIB) reported a 6.8% increase in net profits attributable to the shareholders to AED 164.2 million during…
KFH wins "World`s Best Islamic Financial Institution 2021" award
Kuwait Finance House has won World`s Best Islamic Financial Institution 2021 Award from Global Magazine in its 14the annual awards…