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)…
Islamic Finance
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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…
Saudi PIF invests in NBK Capital Partners' shariah credit fund
Saudi Arabia's sovereign wealth fund has become an anchor investor in a new $300 million shariah credit fund launched by…
Bonds, Sukuk primary issuances in GCC see value rising to $132.7bln in 2020
Primary debt issuances in the GCC region set a new record for the total value of issuances raised in one…
Faisal Islamic Bank obtains Mastercard license through Network International partnership
Faisal Islamic Bank in partnership with Network International, the leading enabler of digital commerce across Africa and the Middle East…
‘Overbanked’ Qatari market could benefit from more consolidation: Fitch
Credit ratings agency Fitch has described the Qatari market as “overbanked,” and believes that lenders in the country could do…
BisB posts big response to mobile corporate accounts
Bahrain Islamic Bank has announced an upsurge of new customers that registered for the bank’s End-to-End Mobile Account Opening for…