UAE Islamic insurance in throes of consolidation
The takaful market is on course for even more M&A deals, with Shariah-compliant products set to receive greater acceptance following…
Islamic Finance
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Global sukuk issuances up 18% to reach $145.70bn in 2019
Global sukuk issuances rose 18 per cent to reach $145.70 billion (Dh535bn) in 2019 as the governments and private companies…
Saudi's Taiba Investments secures $361.8mln financing from Al Bilad Bank
Saudi Arabia’s Taiba Investments Company signed a 1.357 billion Saudi riyals ($361.8 million) Islamic financing agreement with Al Bilad Bank.…
UAE's Dana Gas appoints financial adviser for Islamic bonds
United Arab Emirates' Dana Gas said on Sunday it has appointed a financial adviser in relation to its dollar-denominated Islamic…
SICO to offer sukuk-based Murabaha service
SICO, a leading regional asset manager, broker, market maker and investment bank, announced today that it has signed an agreement…
Dubai Islamic Bank reports $571.73mln H1 net profit
Dubai Islamic Bank has reported a net profit of AED2.11 billion ($571.73 million) for the first half of 2020, down…
Qatar- QIIB posts QR512.6mn half-yearly net profit assets top QR59bn
QIIB has posted a half-yearly net profit of QR512.6mn, up 0.4% on the same period last year. The results…
Sharjah Islamic Bank reports Dh251.2m net profit in first half 2020
Sharjah Islamic Bank on Wednesday reported a net profit of Dh251.2 million for the first half of 2020, down by…
IslamicMarkets.com and DDCAP strengthen collaboration with second round of strategic investment
IslamicMarkets Limited has secured a second round of strategic investment from DDCAP GroupTM, thus further aligning the two companies’ vision…
Faisal Islamic Bank's profit down 54% in Q1 2020
The consolidated financial results of Faisal Islamic Bank of Egypt showed a 53.6% year-on-year drop in its net profits to…
Philippines seeks Qatari expertise in Islamic finance
The Philippines is looking to Qatar and its other partners in the Middle East as it strives to accelerate the…
QNBFS to start liquidity provision service for QIB on July 23
QNB Financial Services (QNBFS), a financial brokerage subsidiary of QNB, will start liquidity provision activity for Qatar Islamic bank (QIB)…