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…
Islamic Finance
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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…
Yemen’s Fastest Growing Bank Selects Temenos
Temenos has announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its…
Al Salam Bank-Bahrain contributes over USD 1 million to combat the spread of COVID-19
Al Salam Bank-Bahrain announced a contribution of USD 1 million to the “Feena Khair” (“There is good in us”) campaign…
Oman Arab Bank gets regulatory nod for Alizz bank merger
Oman Arab Bank is set to proceed with its merger with Alizz Islamic Bank after securing regulatory approval for the…
Islamic Authority and Arab States in a Time of Pandemic
As the new coronavirus and its economic and political consequences ripple cross the Arab world, Arab regimes are facing an…
QIB posts 3-month profit of QR687.5mn
Qatar Islamic Bank has reported net profit of QR687.5mn for the first three months ended March 2020 and said its…
Islamic finance charts high-tech future
"Is it halal to buy shares in Tesla?" a young Muslim would-be investor asks on Twitter. Islamic finance --…
Abu Dhabi Islamic Bank in secondary market blockchain trade finance deal using TradeAssets
Yesterday, the Abu Dhabi Islamic Bank announced it completed a secondary market transaction using blockchain trade finance platform TradeAssets. …
Kuwait Financial House (KFH) Touts the Use of Ripple’s Payment Solution
A recent report revealed that the Kuwait Financial House is touting the use of Ripple’s payment solution, alongside SWIFT for…
ADIB first Islamic bank to use Blockchain for trade distribution
Abu Dhabi Islamic Bank, a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance…
QIB receives three major awards from Global Finance
QIB has been named ‘Best Islamic Bank in Middle East’, ‘Best Islamic Bank in Qatar’ and ‘World’s Best Islamic SME…