Featured Islamic BankingDubai Islamic Bank to increase foreign ownership limit from 25% to 40%Pritam BordoloiFebruary 15, 2020February 14, 2020 by Pritam BordoloiFebruary 15, 2020February 14, 2020 The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes... Read more
Banking FeaturedMaybank Islamic launches first overseas branch in DubaiInternational FinanceFebruary 13, 2020March 18, 2020 by International FinanceFebruary 13, 2020March 18, 2020 The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance... Read more
Banking FeaturedDIB becomes world’s largest Islamic bank with Noor Bank acquisitionInternational FinanceJanuary 23, 2020March 18, 2020 by International FinanceJanuary 23, 2020March 18, 2020 DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE... Read more
Islamic Banking MagazineAl Wateen: A unique digital factory in the Kuwait Islamic banking sectorInternational FinanceJanuary 13, 2020March 18, 2020 by International FinanceJanuary 13, 2020March 18, 2020 Kuwait’s Warba Bank is pioneering digital banking innovation in the Gulf countries with an in-house centre to develop exclusive digital products and services... Read more
BankingNBB to acquire 100% of Bahrain Islamic Bank’s paid up sharesPritam BordoloiNovember 27, 2019 by Pritam BordoloiNovember 27, 2019 On offer: Cash or a share-swap with an exchange ratio of 0.167 NBB shares per Bahrain Islamic shares... Read more
Islamic BankingDubai Islamic Bank, Noor Bank agree to share-swap dealPritam BordoloiNovember 26, 2019January 24, 2020 by Pritam BordoloiNovember 26, 2019January 24, 2020 One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank... Read more
Islamic BankingSharjah Islamic Bank reports 8.8% increase in profits in Q3 2019International Finance DeskOctober 21, 2019 by International Finance DeskOctober 21, 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... Read more
Islamic FinanceIslamic financial assets grow over $2 tn globally: IMFPritam BordoloiOctober 9, 2019 by Pritam BordoloiOctober 9, 2019 Almost 85% of these assets are from the banking sector... Read more
Islamic BankingMIDF to own 60% stake in the proposed merger with Al RajhiPritam BordoloiSeptember 27, 2019December 2, 2019 by Pritam BordoloiSeptember 27, 2019December 2, 2019 After the successful completion of the deal, MIDF would transform into an Islamic bank... Read more
Islamic BankingQatar to centralise Islamic finance sector regulationInternational Finance DeskAugust 16, 2019March 18, 2020 by International Finance DeskAugust 16, 2019March 18, 2020 Qatar is following the examples of Malaysia, Indonesia, and a few other GCC countries... Read more