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…
Islamic Finance
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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…
KHCB signs Sukuk Murabaha agreement with BHB
Khaleeji Commercial Bank has recently signed an agreement with Bahrain Bourse allowing the Bank to utilise the Ijara Sukuk issued…
GCC sovereign sukuk issuance to rise in H2 2020
A recovery in market conditions and an increase in the borrowing requirements of the world’s largest sukuk sovereign issuers including…
SWFs see a more challenging investment environment in a bi-polar world
The International Forum of Sovereign Wealth Funds (IFSWF), a global network of almost 40 sovereign wealth funds, and Invesco, one…
Saudi Arabia finance ministry announces closure of August issuance of sukuk program
Saudi Arabia’s finance ministry announced on Saturday the closure of the August 2020 issuance of the government’s sukuk progam. …
Strong sovereign support continues to drive most Islamic bank ratings
The Issuer Default Ratings (IDRs) of Islamic banks in the Gulf Cooperation Council (GCC) region are all investment grade, Fitch…
Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…
Al Salam Bank-Bahrain launches new mobile application
Al Salam Bank-Bahrain last week marked the beginning of an exciting new chapter in its ongoing journey towards digitisation with…
Islamic banking boosts economies in the Middle East and North Africa
Islamic banking is developing at an impressive pace, so understanding this process is of interest to scientists in the context…
Al Salam Bank reports BD 7.1 million net profit in first half of 2020
Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 7.1 million in the six months ending 30…
Qatar’s Islamic banks fare well in 2019 balance sheet growth
Islamic banks have fared well in balance sheet growth than their conventional counterparts last year, the Qatar Central Bank (QCB)…