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…
Islamic Finance
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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,…
Emirates Islamic enhances digital leadership by launching the first branch with Interactive Teller Machines
Emirates Islamic has announced the launch of its first branch with Interactive Teller Machine at City Centre Mirdif, marking a…
Dubai Islamic Bank shareholders approve Noor Bank acquisition
Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the…
ADIB launches new forex digital platform
Abu Dhabi Islamic Bank has launched 'ADIB Direct eFX' platform to enable customers to get better online foreign exchange rates…
Abu Dhabi-based banks report Dhs40.3bn net income in 2019
Abu Dhabi-based commercial and Islamic banks reported a net income of Dhs40.3bn in 2019, reported news agency WAM. The…
Turkey to issue gold-backed bond, sukuk
Turkey's Treasury will issue a one-year gold-backed bond and sukuk to corporate investors on Wednesday. The bond and sukuk…
Saudi's Fawaz Abudulaziz Alhokair secures $800mln Islamic finance
Saudi-listed retail group, Fawaz Abdulaziz Alhokair Company, has signed an Islamic term Murabaha facility and a revolving credit facility agreement…
Boubyan Bank ready to combat Covid-19
Boubyan Bank’s Group General Manager - Administration Group, Mr. Waleed Al-Yaqout has confirmed that the bank has been prepared since…
Dubai Islamic postpones sukuk amid coronavirus volatility: sources
Dubai Islamic Bank has postponed a planned issuance of U.S. dollar-denominated sukuk due to market conditions resulting from the new…
UAE's Gulf Islamic Investments buys New York office building
Gulf Islamic Investments has acquired a property in New York, just half an hour away from bustling Manhattan. The…