Abu Dhabi bank taps Lazard to advise on NMC, Finablr exposures
Abu Dhabi Commercial Bank hired Lazard Ltd. to advise on its exposure to NMC Health Plc and Finablr Plc, as…
Islamic Finance
6044 articles found
Islamic finance to expand in 2020 as demand for Shariah-compliant products grows
Islamic finance is poised to expand in 2020 and beyond, helped by growing use of Shariah-compliant products in the GCC…
National Takaful Company “Watania” Earns 13.1 Million Dirhams in Net Profit for the Year 2019.
National Takaful Company “Watania” has announced positive financial results in 2019, as the company's net profit increased to 13.1 million…
Islamic financing asset growth to continue to pick up in 2020: Moody’s
Islamic financing asset growth will continue to pick up in 2020, Moody’s Investor Service said and noted that mergers between…
Abu Dhabi Islamic Bank's shareholders approve increase in foreign ownership limit
Abu Dhabi Islamic Bank secured shareholders’ approval to raise its foreign ownership limit to 40 per cent, up from the…
Moody's – GCC and Malaysia to drive Islamic finance growth
Sukuk issuance is set to remain stable at around $180 billion this year There are downside risks from the coronavirus…
Bahrain's KHCB gets shareholder approval for delisting from Dubai's DFM
Khaleeji Commercial Bank’s shareholders agreed to delist the bank’s shares from Dubai Financial Market, the Bahraini bank said in a…
Islamic Corporation for the Development of the Private Sector Emergency Response to the Impact of the COVID-19 Pandemic
On 11th March 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. ICD (ICD-ps.org) is deeply concerned about…
Emirate of Sharjah lists US$200 million Sukuk on Nasdaq Dubai
The Emirate of Sharjah has listed a US$200 million Sukuk on Nasdaq Dubai, bringing the total value of Sukuk listed…
Islamic Development Bank comes to the rescue of virus-hit members
Just as Gulf Times reported last week that a number of Islamic finance umbrella organisations worldwide were assessing the potential…
Khalifa Foundation receives donation from Dubai Islamic Bank
The Khalifa bin Zayed Al Nahyan Foundation received a AED1.2 million donation from Dubai Islamic Bank, to support its efforts…
Ajman Bank offers set of initiatives to support UAE’s Economy
Under the directives of H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive…