Qatari banks could see more consolidation
Qatar's overbanked system could see more consolidation triggered by pressure on banks' profitability from the coronavirus pandemic, particularly those with…
Islamic Finance
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Sukuk changes Egypt’s financing methods, expected to surpass EGP 20bn in 2021
Sayed Abdel-Fadil, Head of the Capital Market Operations Sector at the Financial Regulatory Authority (FRA), has reviewed the developments of…
Saudi leadership in Islamic finance set to continue into 2021: expert
Saudi leadership in the Islamic finance economy looks set to continue into 2021, according to a senior industry expert, who…
Druces advises on Sharia’a compliant commercial property financing
Hatstone, lawyers BVI team has advised the Bank of London and The Middle East plc (BLME) on the BVI law…
Islamic banking is getting its perfect storm moment
2020 was mostly spent in managing COVID-19. Almost all countries had schemes announced by their central banks, which entailed a…
Boubyan Bank records operating profits of KD 93 million in in 2020
Al-Shaya: Allocation of Additional Provisions Bolsters the Bank's Financial Position Against Any Future Repercussions of the Covid-19 Crisis Al-Majed:…
Bank Nizwa appoints new chairman of Shari'a supervisory board
Recognized as the only listed fully-fledged and most trusted Islamic bank in Oman, Bank Nizwa remain dedicated to promote Shari’a-compliant…
QIB voted ‘Best Islamic Bank in Qatar’
For the second consecutive year, Qatar Islamic Bank (QIB) has been recognised as the ‘Best Islamic Bank in Qatar’ by…
First Abu Dhabi Bank receives Oman CMA custody licence
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s biggest financial institutions, announced that it…
GCC reconciliation reopens Qatar’s access to major sukuk investor base: Refinitiv
Recent GCC reconciliation has reopened Qatar’s access to its major sukuk investor base – GCC-based Islamic financial institutions, says global…
Ithmaar Bank re-launches Thimaar savings account
Ithmaar Bank, a Bahrain-based Islamic retail bank, has re-launched its Thimaar savings account, offering its Thimaar account holders 2,271 prizes…
Saudi Arabia closes January domestic sukuk issuance worth $790m
The National Debt Management Center closed the January 2021 issuance under the Saudi Arabian Government SAR-denominated sukuk program, the Ministry…