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…
Islamic Finance
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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…
CIRA studies acquisition opportunities, plans to invest EGP 800m in 2021
The Cairo for Investment and Real Estate Development company has revealed that it is currently studying two to three acquisition…
Qatar Islamic Bank, HSBC sign $100mln deal
Qatar Islamic Bank, the country’s largest sharia-compliant lender by assets, has signed an Islamic trade facility worth $100 million with…
HSBC completes first Islamic trade facility in Menat at $100m with QIB
HSBC Bank Middle East has completed its first Islamic trade facility in the Middle East, North Africa, and Turkey (Menat)…
HSBC completes first Islamic trade facility in Menat at $100m with QIB
HSBC Bank Middle East has completed its first Islamic trade facility in the Middle East, North Africa, and Turkey (Menat)…
Abu Dhabi Islamic Bank posts strong recovery in H2
Abu Dhabi Islamic Bank (ADIB) said it has delivered strong recovery of 73 per cent growth in net profit in…
Takaful market projected to grow $44bn by 2024
With growing number of companies entering into Takaful market, this industry is estimated to expand to $44bn in the next…
Why millennials are likely to drive growth in global Islamic finance
The future of global Islamic finance belongs to the “young and the bold” who want to make an impact and…
KIB reported KD 64 million operating income for EOY 2020
Total Assets upward of KD 2.80 billion Growth of 6% in financing portfolio reaching KD 2 billion Growth in Depositors'…
Saudi's Halwani Bros signs Islamic financing deals worth $37.3mln
Halwani Brothers Company has signed Islamic Shariah-complaint financing agreements worth a total of 140 million riyals ($37.3 million) with Al…