Emirate of Sharjah hires banks for sukuk that could go up to $1 billion
Sharjah, the third-largest emirate of the United Arab Emirates, has hired banks to arrange the issuance of seven-year U.S. dollar…
Islamic Finance
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Abu Dhabi Islamic Bank's CEO resigns after about one year in the role
The chief executive of Abu Dhabi Islamic Bank, Mazin Manna, has resigned, the bank said on Sunday, after being in…
ADIB appoints interim chief executive as group CEO steps down
Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, appointed chief operating officer as the interim head of…
Post-COVID-19 economic revival: Islamic finance can play a key role in GCC
Islamic finance social instruments could help countries navigate the economic turbulence wrought by the COVID-19 pandemic in core Islamic finance…
Moody’s affirms QIIB rating at ‘A2’ with stable outlook
QIIB has announced that the credit rating agency Moody’s has affirmed the bank’s rating at ‘A2’ with a stable outlook,…
Saudi Islamic Banks' Financial Metrics Deteriorated, but Sound
Fitch Ratings-London/Dubai-19 May 2020: Saudi Islamic banks' financial metrics deteriorated mildly in 2019 but remained sound, Fitch Ratings says in…
These 9 UAE companies rank among the world's Top 2,000
Nine UAE firms have made it to the list of the world's top 2,000 companies, becoming the second most represented…
Instant protection for your family through the QIB mobile app
Qatar Islamic Bank’s announced yesterday its Family Shield Takaful policy is designed to provide both nationals and residents financial security…
Islamic trade finance body spent $5bn for development last yearMay
The International Islamic Trade Finance Corporation, an institution created in 2008 as a member of the Islamic Development Bank Group…
Emirates Islamic offers free international money transfers
Dubai-based Emirates Islamic is offering free international money transfers for all individual customers amid the coronavirus pandemic. All bank…
Dubai Islamic Bank donates AED16 million to Zakat Fund projects
The Dubai Islamic Bank donated AED16 million to the Zakat Fund, whose projects this year are being carried out under…
Al Salam Bank-Bahrain’s ASB Global REIT Fund posts record 25.75% total return in 2019
Al Salam Bank-Bahrain has announced that its ASB Global REIT Fund achieved a record 25.75 percent total return for the…