Sharjah Islamic Bank reports 8.8% increase in profits in Q3 2019
The bank’s profits for the quarter reached Dh124.9 mn as a result of increase in total income and decrease in general expenses...
Category : Islamic Banking
MIDF to own 60% stake in the proposed merger with Al Rajhi
After the successful completion of the deal, MIDF would transform into an Islamic bank...
Emaar’s 10-year sukuk to generate 3.9% annual return
The sukuk is part of Emaar’s $2 billion trust certificate issuance programme...
Philippines signs law to establish Islamic banking in the country
Islamic Banks will boost financial inclusion, especially among the country’s Muslim population...
Qatar to centralise Islamic finance sector regulation
Qatar is following the examples of Malaysia, Indonesia, and a few other GCC countries...
Noor Bank customers can buy Sharia products using credit cards
Noor Bank and National Bonds sign a strategic deal to reduce impulse purchase behaviour at stores through the new scheme...
Dubai’s Noor Bank net profits surge 29% to Dh410 mn in H1
Noor Bank’s rise in revenue is attributed to its income generated from net financing, investments and non-funded income...
Noor Bank and Azimut raise Dh500 mn for fixed maturity plan
The US-dollar Islamic fixed maturity plan, which will mature in four years, is set to provide an income of 5%...
Dubai Islamic Bank to become top Shariah bank with Noor acquisition
DIB will become one of the largest Islamic banks in the world with combined assets worth $76 billion...
Maybank to establish link between GCC, ASEAN for islamic banking
The bank will create the link between the two regions after it starts operations in Dubai branch this year...