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Islamic banking to hit $4trn boosted by fintechsIslamic banking is undergoing a historic transformation propelled by groundbreaking fintech advancements. In the last four years, assets in Islamic banking have surged from $1.8 trillion to $2.8 trillion, with a projected leap to an ast More… |
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Oman's Bank Nizwa drives Islamic Banking sector expansionOman’s Bank Nizwa, which has a total market share of 24% in the Islamic Banking sector has driven significant expansion and development in Islamic banking, said Chief Executive Officer Khaled Al Kayed. More… |
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UAE commercial transactions law 'to boost Islamic banking services'The Commercial Transactions Law 2022, which was implemented through a royal decree last year, will help boost Islamic financial and banking services, and strengthen the leading status of the UAE’s banking sector, according to UAE Banks F More… |
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Bahrain Association of Banks Chairman honouredAdnan Yousif, Chairman of the Bahrain Association of Banks, was honored by Lebanon News Online in recognition of the years of experience and success that he has been able to achieve during his career, and his outstanding services to the More… |
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Oman’s ODC deposits hit $64.5bn in April: reportThe total deposits held with ODCs (other depository corporations) registered a year-on-year (Y-o-Y) growth of 4.1 percent to reach RO24.9 billion ($64.5 billion) at the end of April, according to data issued by the Central Bank of Oman (CBO). More… |
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Bahrain's Islamic banking sector set to grow: FitchThe market share of Islamic banks in Bahrain is expected to increase in 2021-2022 after reaching 37.1% of domestic banking system assets and 17.2% of total banking system assets (including foreign assets) at end-2020, said Fitch Ratings. More… |
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Islamic banking penetration on growth track: EI reportThe penetration of Islamic banking products has increased gradually from 47% to 58% in the UAE since 2015, while conventional banking products have seen a reduction from 70% to 64% over the years, a report said. Emirates Islamic ( More… |
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BisB wins top Islamic banking award at FinnovexBahrain Islamic Bank (BisB) has emerged as the winner of the prestigious award ‘Excellence in Islamic Banking – Bahrain’ at the 2020 Finnovex Awards held on the sidelines of Finnovex Middle East 2020, a hybrid virtual and live More… |
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AIB-Bahrain in bid to boost Islamic digital bankingAl Baraka Islamic Bank (AIB-Bahrain), a leading financial institution in the Islamic banking, has announced a renewed foray into the Islamic digital banking industry through its introduction of a uniquely created fintech strategy. More… |
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Bahrain Islamic Bank gets first virtual employeeBahrain Islamic Bank (BisB), a leading provider of integrated Islamic banking services in the kingdom, has announced the appointment of its first digital virtual employee, Dana, who will be setting measures and instilling creative methodologie More… |
