ADIB: First Islamic bank to complete digital trade finance transaction
Abu Dhabi Islamic Bank completed the transaction with the help of TradeAssets, a blockchain-based trade finance emarket...
Tag : Islamic banking
Dubai Islamic Bank to increase foreign ownership limit from 25% to 40%
The bank’s board of directors at Dubai Islamic Bank suggested the FOL changes...
Maybank Islamic launches first overseas branch in Dubai
The bank’s Dubai branch will focus on wholesale banking which includes corporate financing, treasury, capital markets and trade finance...
DIB becomes world’s largest Islamic bank with Noor Bank acquisition
DIB will have total assets worth Dh275 billion, making it the fourth largest bank in the UAE...
Al Wateen: A unique digital factory in the Kuwait Islamic banking sector
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...
NBB to acquire 100% of Bahrain Islamic Bank’s paid up shares
On offer: Cash or a share-swap with an exchange ratio of 0.167 NBB shares per Bahrain Islamic shares...
Dubai Islamic Bank, Noor Bank agree to share-swap deal
One share in Dubai Islamic Bank will be swapped for 5.49 shares in Noor Bank...
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...
Islamic financial assets grow over $2 tn globally: IMF
Almost 85% of these assets are from the banking sector...
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...