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…
Islamic Finance
6037 articles found
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…
Dentons advises the Islamic Development Bank on largest sustainable sukuk issuance
Dentons has advised the Islamic Development Bank on the issuance of US$2.5 billion trust certificates under its US$25 billion trust…
KFH Demonstrates benefits of "It's Worth Transferring your Salary" Campaign
Kuwait Finance House demonstrated “It's Worth Transferring your Salary” Campaign that includes a wide range of offers and discounts to…
Abu Dhabi Islamic Bank partners with IBM to accelerate its digital transformation
Abu Dhabi Islamic Bank (ADIB) has announced a new collaboration with IBM, an American multinational technology company, to fast track…
Al Baraka Islamic bank offers unprecedented land & construction property financing offers
Al Baraka Islamic Bank has announced the first-of-its-kind financing offer in the Kingdom, in which the Bank’s customers have the…
ADIB provides financing for Albilad Capital's £87M landmark acquisition of PWC HQ in Northern Ireland
Abu Dhabi Islamic Bank has provided structured Islamic financing for Albilad Capital’s acquisition of the PWC HQ in Belfast, comprising…
Kuwait Finance House Bahrain Rewards New Credit Cardholders With Double “Walaa Baytik” Loyalty Points
Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain and a major contributor to the development of…
Saudi Islamic Banks' Asset Quality Prone to Deterioration; Strong Capital and Liquidity
Saudi Islamic banks' asset quality will weaken as government forbearance measures expire, Fitch Ratings says, although possibly by less than…