Abu Dhabi Islamic Bank reports H1 2020 net profit of AED587.6 million
Abu Dhabi Islamic Bank (ADIB) today reported a net profit of AED587.6 million and AED 2.5 billion in net revenue…
Islamic Finance
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Al Baraka Banking Group first-half profit falls as pandemic provisions soar 345%
Islamic bank Al Baraka posted $47.09 million in half-yearly profit attributable to equity holders, a fall of 16% compared to…
QSE gains as Islamic equities outperform conventional ones
Islamic equities were seen outperforming conventional ones Monday on the Qatar Stock Exchange, which overall gained 19 points to once…
UAE- Mashreq Al Islami Income Fund surpasses $150m assets under management
Mashreq Capital has announced that its Mashreq Al Islami Income Fund has surpassed $150 million in assets under management, and…
Dar Al Takaful appoints CEO after acquisition of Noor Takaful
Completion of acquisition brings both companies a step closer to UAE’s second largest Islamic Insurance entity Dar Al Takaful has…
Launching a new and Fully Customisable Digital Banking app in Bahrain
One of Bahrain’s banks, Al-Salam Bank, has announced the launch of its new state-of-the-art digital banking app. It will…
Bahrain's Sukuk Al Ijara oversubscribed
The Central Bank of Bahrain (CBB) has announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al…
Gulf countries to lead H2 rally in sukuk issuance: Moody's
The Gulf Cooperation Council countries will lead a rally in the issuance of Islamic debt or sukuk in the second…
Kuwait's KFH Q2 net income drops on rise in impairment charges
Kuwait Finance House, the biggest Sharia-compliant lender in the Gulf state, reported a 77.5 per cent decline in its second…
Moody's – Decline in sukuk issuance to be limited by GCC financing needs
Moody's expects sukuk issuance to modestly decline by 5% this year to about $170 billion on the coronavirus crisis Gulf…
Trusts and Shari’a compliance
Over the next 10 years, more than $15 trillion is expected to be passed down to the younger generation. Succession…
Mideast Islamic banks, investors urged to expand operations to Philippine market
Islamic banks and investors from the Middle East have been urged to expand their operations into the Philippines which is…