Al Mustashar Islamic Bank: Fuelling Iraq’s GrowthIFM CorrespondentFebruary 8, 2024 by IFM CorrespondentFebruary 8, 2024 Al Mustashar Islamic Bank's current account service provides a ‘Demand Deposit Account’ that enables customers to manage their daily financial affairs smoothly... Read more
Gulf countries to drive Islamic banking to USD 4 trillion growth: ReportIFM CorrespondentNovember 30, 2023November 30, 2023 by IFM CorrespondentNovember 30, 2023November 30, 2023 The primary obstacles to the digitalisation of Islamic banking and Islamic fintech are related to the general ignorance of Islamic products... Read more
Kuwaiti Islamic banks to see improved profits despite regulatory pressureIFM CorrespondentOctober 25, 2023October 25, 2023 by IFM CorrespondentOctober 25, 2023October 25, 2023 The financial metrics of Islamic banks were resilient in the first half of 2023, benefitting from the stable operating environment... Read more
Middle East a unique ‘global sweet spot’ for merger and acquisition: SurveyIFM CorrespondentApril 13, 2023April 13, 2023 by IFM CorrespondentApril 13, 2023April 13, 2023 Saudi Arabia is anticipating a significant increase in merger and acquisition activity in 2023... Read more
Nigeria to issue $610 mn sovereign sukuk on its domestic marketIFM CorrespondentNovember 4, 2021 by IFM CorrespondentNovember 4, 2021 The fund is being raised to finance road projects, according to the Debt Management Office... Read more
National Bank of Fujairah launches electronic trading platform NBFXIFM CorrespondentSeptember 20, 2021 by IFM CorrespondentSeptember 20, 2021 NBFX is available for both conventional and Shariah-compliant banking customers... Read more
Ahli United Bank Bahrain hire HSBC, JP Morgan for Sukuk saleWebAdminAugust 31, 2021 by WebAdminAugust 31, 2021 The bank is planning to sale US dollar-denominated five-year senior Sukuk... Read more
Sharjah Islamic Bank launches its new SIB digital accountWebAdminAugust 17, 2021August 18, 2021 by WebAdminAugust 17, 2021August 18, 2021 Sharjah Islamic Bank launches its new SIB digital account... Read more
CIMB Bank launches its first all-digital Islamic savings account in MalaysiaWebAdminAugust 6, 2021 by WebAdminAugust 6, 2021 The newly launched product is called OctoSavers Account-I... Read more
Boubyan Bank launches mobile-only Islamic bank in the UKWebAdminJuly 15, 2021 by WebAdminJuly 15, 2021 Nomo provides a mobile-first banking experience for the affluent, tech-savvy customers... Read more