KFH Bahrain receives STP Award from J.P. Morgan
Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan “Quality Recognition Award” and “Elite Quality Recognition Award” 2020,…
Islamic Finance
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GCC sukuk issuance to moderate in 2021 with shrinking fiscal deficits
Sukuk issuances across GCC and key Islamic finance markets will moderate in 2021 as fiscal deficits decline amid higher oil…
Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021
Despite difficult operating conditions in most countries amid pandemic-driven economic downturns, demand for Islamic financing assets (lending) across the core…
Qatar Islamic Insurance Group, SAP Sign Digital Transformation Partnership
Qatar Islamic Insurance Group, has entered into a digital transformation partnership with global technology company SAP to enhance customer services.…
QFB’s performance improved in 2020: Chairman
Despite challenging market conditions Qatar First Bank (QFB) continued to exhibit strong growth momentum for the year ending December 31,…
Sohar Islamic completes issuance of Takaful Oman's perpetual sukuk
Reiterating its strong market position and investor confidence, Sohar Islamic – Sohar International’s Islamic Window, has completed the issuance of…
Islamic finance to continue rising in 2021: Moody's
Islamic banking, bonds and insurance are set to benefit from supportive government policies in many countries, as well as strong…
Jamal Al Barrak named as Vice Chairman of the Gulf Bond and Sukuk Association
Kuwait International Bank has wishes to extend its warm congratulations to Mr. Jamal Al Barrak, General Manager of Investment Department…
Al Baraka Islamic bank announces financial results for the year ended 31 December 2020
Al Baraka Islamic Bank has reported net profit attributable to the shareholders of BD 1.23 million in the fourth quarter…
HSBC completes its Islamic trade facility in MENAT with QIB
HSBC Bank Middle East completed its Islamic Trade Facility in MENAT, valued at USD 100 million, in January 2021 with…
Dubai Islamic Bank’s net profit drops 38% in 2020 due to increased provisions
Dubai Islamic Bank (DIB) on Tuesday announced its 2020 financial results which revealed a 38 percent slump in net profits.…
Signing of an Agency Agreement between Islamic Corporation for the Development of the Private Sector and Islamic Development Bank
H. E. Dr Bandar Hajjar, the President of the Islamic Development Bank Group and Mr. Ayman Amin Sejiny, the CEO…