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…
Islamic Finance
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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…
Islamic Corporation for the development of the Private Sector (ICD) Launches the ICD Finnovation Award 2020
The Islamic Corporation for the development of the Private Sector has launches the “ICD Finnovation Award 2020”, to recognize, showcase…
Default Resolution Regimes Untested in Most Islamic Finance Markets
The economic volatility caused by the coronavirus pandemic highlights the need for an effective bankruptcy resolution system in most Islamic…
Zakat, Waqf, and Social Sukuk Can Support Long-Term Growth of Islamic Finance: S&P
Standard and Poor’s Global expects the global Islamic finance industry to record a mild recovery in the short-term, following 11.4%…
Safest Islamic Banks In The GCC
Sharia principles have stood the test of time, and while Standard & Poor’s considers Islamic institutions somewhat more vulnerable than…
Kuwaiti Islamic Banks' Asset Quality and Profitability Under Pressure
Profitability at Kuwaiti Islamic banks will continue to be affected by lower profit rates, lower business volumes and higher financing…