Qatar Islamic Bank announces competitive Home Finance offer
Qatar Islamic Bank country’s leading shariah-compliant lender, has announced the launch of an exclusive Home Finance offer, in line with…
Islamic Finance
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Egypt signs $2bn conventional, Islamic facility to finance budget deficit
Egypt’s Ministry of Finance has signed the first conventional and Islamic financing facility, worth $2bn, to finance state’s budget deficit…
Waha Capital initiates fresh income generating Islamic fund
Waha Capital has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within its…
Millennium launches international operations in Dubai
News Highlights: Global Islamic financial assets reached US$2.5 trillion in 2018, of which Islamic banking assets represents 70 per cent,…
Waha Capital launches income generating Islamic Fund
Waha Capital PJSC has announced the launch of a new income-focused Islamic fund, adding to its three existing funds within…
Qatar’s Masraf Al Rayan reveals overwhelming response to its Sukuk issue
Qatar’s second-largest Islamic bank Masraf Al Rayan revealed that it’s $750mn Sukuk issuance generated overwhelming demand from global investors and…
FTSE Russell launches local currency Saudi government bond index
Global index provider FTSE Russell said on Thursday it had launched a bond index for Saudi Arabia to measure the…
Bahrain Islamic Bank Wins Award for ‘Best Corporate Social Responsible Bank Bahrain’ and ‘Most Innovative Retail Bank Product Bahrain’
Bahrain Islamic Bank announced that it has recently emerged as the winner of the prestigious awards for ‘Best Corporate Social…
Here Are the Islamic Financial Market Post-Covid Challenges
With an aggregate worth of $2.4 trillion and following a recent decade-average growth of around 6.6%, S&P Global’s predictions suggest…
Bank of Bahrain and Kuwait in talks to acquire retail Islamic bank Ithmaar
Bank of Bahrain and Kuwait is in preliminary talks to explore a potential acquisition of retail Islamic bank Ithmaar. …
Top ten UAE banks’ Q2 profits surged 21.2 per cent compared to Q1
Top 10 UAE banks posted a 21.2 per cent jump in their net profits for the April-June quarter compared to…
UAE- Noor Takaful, Ajman Bank enter strategic partnership
The UAE's second-largest Islamic insurance entity, Noor Takaful (a Dar Al Takaful company), has entered a strategic partnership with Ajman…