Qatar Islamic Bank's net profit grows by 5.8%
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the nine months’ period ended 30 September…
Islamic Finance
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A banking alliance of five banks grants a joint Islamic financing facility (Mudaraba) worth EGP5.2bln
A banking alliance comprising Banque Misr, Banque du Caire, National Bank of Egypt (NBE), Housing & Development Bank, and Suez…
LSEG and ICD announce findings of the 2025 Islamic Finance Development Indicator report
LSEG in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD), a member of the Islamic…
Bahrain: Flooss appoints SICO to structure $10mln sukuk issuance
SICO, a leading regional asset manager, broker, market maker, and investment bank, has announced its appointment by Flooss Bahrain, the…
Bahrain’s 8-year long sukuk, 12-year bond launched, raising a combined $2.5bln
Bahrain’s dual-tranche dollar-denominated benchmark offering raised $2.5 billion at launch on Wednesday, through a combination of a sukuk and a…
Arab National Bank to redeem $750mln sukuk due 2030
Arab National Bank (ANB) has decided to fully redeem its $750 million fixed-rate resettable Tier 2 sukuk certificates on 28…
Sohar Islamic reaffirms commitment to Islamic finance as main sponsor of the 3rd Zakat Forum in Salalah
Reflecting its deep-rooted commitment to advancing Islamic finance and supporting platforms that encourage dialogue and collaboration, Sohar Islamic – Sohar…
Saudi-listed Elm renews $133mln credit facility with Al Rajhi Bank
Elm Company has renewed a Shariah-compliant credit facility agreement of 500 million Saudi riyal ($133.32 million) with Al Rajhi Bank.…
Emirates Islamic issues world’s first sustainability-linked financing sukuk of $500 million
Emirates Islamic, a leading Islamic financial institution in the UAE and part of Emirates NBD Group, has successfully priced a…
Egypt: Faisal Islamic Bank’s consolidated drop 78.6% YoY in H1 2025
Faisal Islamic Bank’s consolidated net profits after tax and non-controlling interest plunged by 78.59% year on year (YoY) in the…
Sohar International & Sohar Islamic introduce new housing finance product for GCC nationals and expatriates
In line with its commitment to providing affordable and accessible financial solutions, Sohar International and its Islamic banking Window –…
Al Baraka Islamic Bank signs strategic partnership with “Dhaman”
Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has recently announced the…