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…
Islamic Finance
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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…
UAE launches initiative towards ‘unified global legal framework’ for Islamic Finance
We show you our most important and recent visitors news details UAE launches initiative towards ‘unified global legal framework’ for…
Bahrain's Al Baraka Bank looks for acquisitions as coronavirus pandemic hits valuations
Al Baraka Banking Group, a Bahrain-based Sharia-compliant lender, plans to expand its footprint in Asia including India, China and Indonesia…
UAE launches initiative for global legislative framework for Islamic Finance
The UAE on Wednesday launched a new initiative to create a unified global legal and legislative framework for the Islamic…
UAE launches initiative for Islamic finance
UAE launched a new initiative to create a unified global legal and legislative framework for the Islamic finance sector. …
Saudi's Al Moammar Information Systems signs $77mln Islamic loan
Saudi Arabia’s Al Moammar Information Systems (MIS) signed an Islamic facility agreement with Riyad Bank for 290 million Saudi riyals…