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 Finance
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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…
Al Rajhi Bank first-quarter profit slides on higher operating expenses and impairment charges
Al Rajhi Bank, the biggest lender in Saudi Arabia by market capitalisation, reported a 7 per cent drop in its…
World's Best Islamic Financial Institutions 2020: Fair Winds Before The Storm
Islamic financial institutions (IFIs) enjoyed good earnings results in 2019 across the main geographical regions of the Middle East, Africa…
Mubadala begins marketing three-tranche dollar bonds – document
Abu Dhabi’s state fund Mubadala began marketing on Tuesday a three-tranche dollar bond offering consisting of six-year and 10-year conventional…
Virus crisis highlights potential role of Islamic finance in reaching sustainable development goals
Amid an ongoing severe global healthcare crisis caused by the relentless spread of Covid-19 across the world, some research institutions…
Abu Dhabi Islamic Bank first-quarter profit plunges 55%
Abu Dhabi Islamic Bank on Sunday (May 10) reported first-quarter Group net profit of 269.69 million dirhams ($73.44 million) compared…
GCC banks face 'earnings shock' from lower oil price, Covid-19
GCC banks will see significantly reduced revenue and credit growth in 2020 as they face an earnings shock from the…
ADIB net profit of AED 269.7 million in q1 2020
ADIB has reported a net profit of AED 269.7 million in the first quarter of 2020. Despite the challenging operating…