GCC ties to propel ASEAN Islamic finance past $1tn, Fitch says
The Islamic finance industry in the Association of Southeast Asian Nations is set to exceed $1 trillion in assets by…
Islamic Finance
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Dubai Islamic Bank surpasses $100b in assets on strong H1 growth
Dubai Islamic Bank delivered another strong performance in the first half of 2025, achieving a 16 per cent year‑on‑year rise…
IsDB drives development across over 2 percent of world’s countries
A year after marking its 50th anniversary, the Islamic Development Bank remains at the forefront of global development finance, recognized…
Solidarity Bahrain raises BD 12mln through preference share issuance
Solidarity Bahrain B.S.C., a leading Islamic insurance provider, has successfully raised BD 12 million through the issuance of Bahrain’s first…
Backbase, the global leader in AI-powered banking technology, today announced the recent
Backbase, the global leader in AI-powered banking technology, today announced the recent successful platform launch of Libyan Islamic Bank (LIB),…
QIIB wins 2025 “Leadership Award for Sustainable Islamic Finance” in Qatar
QIIB has been awarded the 2025 “Leadership Award for Sustainable Islamic Finance” in Qatar by the Union of Arab Banks…
Amlak Finance announces early and full settlement of outstanding financing facilities
Amlak Finance PJSC has announced its early and full settlement with the financiers, a pivotal achievement that underscores its financial…
S&P reaffirms ICIEC’s AA- financial strength and issuer credit rating with Stable outlook
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral insurer and member of the…
Dubai Islamic Bank arranges $1bln sovereign financing for Government of Pakistan
The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee from the Asian Development Bank Dubai…
Sukuk issuances: AAOIFI unlikely to implement Standard 62 this year
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the leading standard-setting body for Islamic finance, is unlikely to…
Top 20 Middle East and Africa banks by market cap, Q2 2025
Banks in the United Arab Emirates and Israel recorded the highest quarter-over-quarter increase in market capitalization among peers in the…
New Milestone for Al Baraka Bank Egypt: Four prestigious awards from EMEA Finance Cement its leadership in Islamic Finance
In a new achievement that reinforces Al Baraka Bank Egypt’s leadership in offering innovative Sharia-compliant financial solutions and reflects the…