UAE’s banking sector acts quickly to provide relief
The UAE banking sector is on solid growth track and is marching ahead despite COVID-19 challenges. Mohammed Ibrahim Al…
Islamic Finance
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ADIB launches second fund committed to a special financing strategy
ADIB, an Islamic financial services group, has signed an agreement with WCB Investments, a joint venture between National Investment Company,…
Saudi SABB Takaful appoints new deputy chairman
SABB Takaful has appointed Bashaar AlQunaibt as deputy chairman of the board of directors, according to a disclosure to the…
Dubai Islamic Bank posts Dh1.1b first quarter net profit
Dubai Islamic Bank, the largest Islamic bank in the UAE, today announced its results for the period ending March 31,…
Bahraini bank Al Baraka boosts provisions to cover any virus impact
Al Baraka Banking Group increased provisions by 10-12% in the first quarter to deal with any fallout from the coronavirus…
ADIB to market Islamic Leasing and Finance Opportunities Fund II exclusively in UAE
Abu Dhabi Islamic Bank has signed an agreement with WCP Investments a joint venture led by NBK Capital, the investment…
QIB wins 3 Global Banking & Finance Review awards
Qatar Islamic Bank has been recognised by Global Banking & Finance Review with three prestigious titles, in recognition of the…
Al Salam Bank-Bahrain successfully exits USD 182.5 million US Multifamily Portfolio
Al Salam Bank-Bahrain has announced the successful sale of a portfolio of 7 multifamily assets in the US for a…
QIB adds innovative new features to its Mobile App
Qatar Islamic Bank (QIB) continues creating value for its customers by releasing several new innovative, useful features, on its award-winning…
Solidarity Fund: Dubai Islamic Bank unveils Dh120 million contribution
The Dubai Islamic Bank has announced on Saturday a Dh120 million contribution to the Community Solidarity Fund against COVID-19 launched…
Qatar- QIIB's Q1 profit tops QR267mn
QIIB posted a net profit of QR267.1mn in the first quarter, up 0.4% on the same period last year, the…
Bahrain Islamic Bank launches new facility
Bahrain Islamic Bank has launched a new service, whereby customers can withdraw cash online directly from a credit card to…