QIIB first Qatari bank to implement ‘SWIFT gpi’ payment system phase three
Close on the heels of launching the ‘SWIFT gpi’ payment system in February this year, leading Islamic bank QIIB has…
Islamic Finance
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Dubai Islamic Bank reports Dh3.12b 9-month net profits
Dubai Islamic Bank (DIB) on Tuesday reported Dh3.12 billion net profit for the 9-month period ended September 30, 2020, down…
Abu Dhabi Islamic Bank launches UAE's first virtual banking sales platform
Abu Dhabi Islamic Bank has launched a remote sales platform allowing customers to converse with the bank and apply for…
First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank
First Abu Dhabi Bank said on Wednesday it was not in merger talks with Abu Dhabi Islamic Bank. The…
IIFM Publishes Ijarah Sukuk Standards
The International Islamic Financial Market has announced the publication of its Sukuk Al Ijarah Standard Documentation Templates. The suite…
Islamic Corporation for the Development of the Private Sector issues $600 mln five-year sukuk
The Islamic Corporation for the Development of the Private Sector (ICD) sold a $600 million five-year sukuk with a profit…
Islamic syndications become attractive than sukuk in GCC
Islamic financing (loan) syndications are becoming popular among borrowers in the core Islamic countries such as the GCC Turkey, Malaysia…
COVID-19 to take a heavy toll on GCC bank profits in 2020, says Moody's
Slowing business activity across the GCC from the coronavirus outbreak amplified by falling hydrocarbon revenues are expected to impact the…
Islamic Corporation for the Development of the Private Sector Completes Pricing for a 5-Year USD 600 Million Sukuk Issuance
The Islamic Corporation for the Development of the Private Sector, has announces successful completion of the pricing of a five-year…
Dubai's Shuaa looks to plug demand gap with new Sharia funds
Shuaa Capital, the Dubai-based asset management and investment banking firm, has launched three Sharia compliant funds, with $75 million of…
UAE Central Bank joins hands with Dubai Islamic Economy Development Centre to strengthen Islamic banking
The Central Bank of the UAE has signed a memorandum of understanding with the Dubai Islamic Economy Development Centre to…
Sharjah Islamic Bank wins two prestigious international awards
Sharjah Islamic Bank won the “Best Islamic Bank” and the “Most Innovative Digital Bank” award, for the year 2020, at…