Saudi net foreign assets rise for first time since January
Saudi Arabia’s net foreign assets rose in May, reversing three months of declines. The stockpile climbed by about SAR3bn…
Islamic Finance
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UAE Islamic Banks: 2019 Results Dashboard
Key Message on 2019: Islamic financing and deposits accounted for 27% of total sector financing and deposits, respectively, at end-2019.…
Dubai’s Emirates Islamic offers incentives to UAE healthcare professionals
Dubai-headquartered Emirates Islamic, part of the Emirates NBD Group, has introduced offers on a suite of banking products and financing…
Founder of first Islamic bank Saeed Lootah dies at 97
Saeed Lootah, founder of the world's first Islamic bank and a prominent Dubai businessman, has died at the age of…
QFTH open to include Islamic fintechs, SMEs in first wave of IAP
Qatar Fintech Hub, co-founded by Qatar Development Bank (QDB), is open to include fintechs specialising in Islamic finance, regulatory framework…
Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting to Host a Live Webinar
The Islamic Development Bank Group in partnership with the UAE Ministry of Economy and Annual Investment Meeting, will conduct a…
Dubai Islamic Bank sells $300mln in 2026 sukuk reopening, document shows
Dubai Islamic Bank has sold $300 million in a reopening of its existing sukuk issuance maturing in 2026, a document…
Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector
Al Salam Bank-Bahrain has achieved the highest reduction in non-performing financing amongst fifty five GCC listed banks in 2019, according…
ADIB hires former Standard Chartered Bank Regional CFO
The Abu Dhabi Islamic Bank has appointed Mohamed Abdel Bary as its Group Chief Financial Officer. Mohamed Abdel Bary…
Gulf Islamic banks’ profitability expected to be less affected by Covid: Kamco-Invest
The profitability and the topline of Islamic banks in the Gulf Cooperation Council are expected to be less affected by…
OAB merger with Alizz on track
Consolidation in the Omani banking sector is a crucial need of the hour so that the sector could grow and…
QIB retains Best Islamic Bank in The Middle East and Qatar position from The Banker Magazine
Qatar Islamic Bank continues to demonstrate its commitment to service excellence and growth by retaining its leading position in the…