Revealed: Why UAE residents prefer Islamic banks over conventional banks for loans
Islamic banks in the UAE continue to lead their conventional peers for personal finance products such as loan, auto and…
Islamic Finance
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Growth of Islamic finance in numbers globally, in Saudi, and the UAE
Islamic finance (IF) is a way of doing financial transactions and banking while respecting Islamic law or sharia. IF is…
Dubai Islamic Bank lists $1bn sukuk on Nasdaq Dubai
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, rang the market-opening bell at the Nasdaq Dubai on…
ADIB offers $24.7m for UAE client to acquire UK Business Park
Abu Dhabi Islamic Bank (ADIB) has provided $24.7m (AED91m) in Sharia’a-compliant structured financing for a private UAE-based client, which will…
QIB wins 3 awards at ‘The Digital Banker’s Global Retail Banking Innovation Awards 2020’
Qatar Islamic Bank’s has received three awards at ‘The Global Retail Banking Innovation Awards 2020’ by The Digital Banker Magazine.…
Dubai insurer Aman comes up with a three-year growth revival plan
The Islamic insurer Aman will focus on a mix of operational expansion and “enhanced” investment performance as part of a…
UnionPay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment on 15,000 Terminals throughout UAE
UnionPay International has partnered with Abu Dhabi Islamic Bank, to enable UnionPay card and contactless payment transactions on the bank's…
ADIB provides AED 91 million financing for UAE-based client to acquire UK Business Park
Abu Dhabi Islamic Bank has provided AED 91 million (£18.9 million) in Sharia’a-compliant structured financing for a private UAE-based client. …
Qatar- Banks record impressive growth in assets
At the time when COVID-19 pandemic has stalled pace of growth of global banking sector, Qatari banks have managed to…
The Arab Coordination Group Approves US$ 8.6 Billion to Help Countries Tackle the Economic Impact of COVID-19 Pandemic
The Arab Coordination Group (ACG) comprising of Arab Financial Development Institutions has approved/committed US$8.6 billion financing for developing countries to…
Kuwait International Bank sells $300 million sukuk: Document
Kuwait International Bank sold $300 million Tier 2 sukuk, or Islamic bonds, on Tuesday at 2.375% and received more than…
Kuwait International Bank hires banks for dollar sukuk – document
Kuwait International BankKIBK.KW has hired banks to arrange investor calls starting on Wednesday for the planned issuance of Tier 2…