Tag: #Islamic Banking
Dubai Islamic Bank posts AED 3.4 billion in half-year net profit
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
SAMA regulations enhance Saudi Islamic banks’ Sharia governance, Fitch says
The regulations issued cover profit-sharing investment accounts and aim to enhance Sharia compliance
Sharjah Islamic Bank successfully issues $500 million sukuk
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion
Islamic banks assets increased by AED 86 billion over past 12 months
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
UAE’s ADIB unveils nationwide business banking expansion plan
The expansion includes strategic collaborations with key partners specialising in serving the SME sector and leveraging its extensive network across key locations in the UAE
UAE’s ADIB leads closure of AED 863 million Shari’ah-compliant syndicated loan
ADIB acted as the lead arranger, coordinator, bookrunner, Shari’ah advisor, and investment and security agent on the deal
Qatar Islamic Bank launches FAWRAN instant payment service
The instant payments service offers a rapid and secure electronic payment solution, accessible 24/7
ADIB full year net profit rises 45% to AED 5.25 billion
Net profit for Q4 2023 reached AED 1.5 billion with 29% growth versus Q4 2022
Ahli Islamic Bank signs landmark MoU with AAOIFI
The MoU seeks to synergise the expertise of Ahli Islamic and AAOIFI, by way of collaboration that involves a series of technical and professional activities
UAE’s Emirates Islamic launches QuickRemit money transfer to UK
The bank’s customers can conduct QuickRemit transfers to any Lloyds Bank account in the UK in less than 60 seconds