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…
Islamic Finance
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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…
Riyad Bank plans to launch up to $2.67bn sukuk progam
Riyad Bank plans to establish a domestic SAR-denominated sukuk issuance program of up to SR10 billion ($2.67 billion), the bank…
Sharjah Islamic Bank posts Dh405.8m 2020 net profit
Sharjah Islamic Bank (SIB) on Wednesday reported a net profit of Dh405.8 million compared to Dh545.5 million for the year…
Saudi's NDMC announces closure of January issuance of sukuk program
The National Debt Management Center (NDMC) at the Saudi Finance Ministry announced on Wednesday the closure of the January 2021…
Alizz Islamic Bank appoints new Sharia Supervisory Board
Alizz Islamic Bank recently announced the appointment of a new Sharia Supervisory Board. Sheikh Dr Essam Khalaf Al Anzi was…
Sharjah Islamic Bank achieved a net profit of AED 405.8 million for the year 2020 and propose 8% cash dividend
Sharjah Islamic Bank has reports an increase in its operating profits before provisions by 8.7%, amounting to AED 697.7 million,…
Walkers Jersey Team Advises on £31m Sharia-compliant Refinancing
Walkers' Jersey Banking & Finance team has advised Abu Dhabi Islamic Bank PJSC on the £31 million Sharia compliant refinancing…
Sukuk issuances to pick up pace led by GCC, core Islamic markets
Global sukuk issuances that slowed in 2020 compared to the previous year is expected to pick up momentum in 2021…