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…
Islamic Finance
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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…
Al Salam bank AGM approves dividend distribution of 8% of paid up capital
Shareholders of Al Salam Bank-Bahrain (ASBB) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) approved in their…
KFH implements remote working solutions to ensure employee health and safety
In its continued effort to enhance productivity and assure wellness of its employees, Kuwait Finance House has announced that it…
QIB calls on customers to use online platforms for all banking transactions
Taking into consideration the ongoing pandemic, Qatar Islamic Bank has urged customers to bank safely by using its mobile application…
Dubai's DIB shareholders approve increase in foreign ownership limit
Shareholders of Dubai Islamic Bank, the largest Islamic bank in the UAE, have approved an increase in foreign ownership limit…
Bank Nizwa Discusses Growth of Islamic Finace With Local Treasury Dealers and Financial Institutions
Bank Nizwa, the pioneer and leading dedicated Islamic bank in Oman, recently hosted a special dinner event for local Treasury…
Al Wifaq International Islamic Bank selects ICSFS core banking package
Al Wifaq International Islamic Bank for Investment and Finance has selected the most holistic Islamic banking software; ICS BANKS ISLAMIC…
Kenya Re targets Egypt with Sharia-compliant subsidiary
Kenya Re wants to establish a Shariah-compliant subsidiary in Egypt after converting into capital Ksh5.25 billion ($52.5 million) from its…
Ajman Bank appoints new chief of audit
Ajman Bank has announced the appointment of Mr. Majdi H. Darwish as its new Chief of Audit. Mr. Darwish has…
Qatar helps Taiwan become a new global sukuk player
Taiwan, or, as it calls itself officially, the Republic of China, in the past months became a new kid on…
Investment trend: Formosa sukuk could help GCC issuers diversify funding
The expansion of Taiwan's Formosa bond market to include sukuk instruments could help Gulf Cooperation Council issuers, including Islamic banks,…