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Emirates Islamic marks 20 years of outstanding progressEmirates Islamic, one of the leading Islamic financial institutions in the UAE, remains committed to advancing Dubai’s status as the global capital of the Islamic economy. Celebrating its 20th anniversary More… |
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Al Baraka Group net income surges to $283m in 2023Al Baraka Group, a leading international Islamic financial group in Bahrain, has announced that it had achieved a year of prosperity and financial stability in both income and profitability with its net income for 2023 surging 18% to $283 mill More… |
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Khaleeji posts $25m profit for nine months; total income up 52pcKhaleeji, a leading Islamic bank in Bahrain, has reported a net profit of BD9.41 million ($24.7 million) for the first nine months, down 13.5% compared to the net profit of BD10.88 million ($28.6 million) last year. More… |
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Al Salam Bank ups stake in Algerian unit with strategic dealBahrain-based Islamic bank Al Salam said it has acquired a majority stake in its Algerian subsidiary - Al Salam Bank Algeria (ASBA), by raising its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders. More… |
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Saudi Exim signs credit line deal with Iraqi Islamic BankSaudi Export-Import (Exim) Bank has announced the signing a new credit line agreement, worth SR75 million ($20 million) with the Iraqi Islamic Bank for Investment and Development to finance Saudi exports. The p More… |
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Nomo launches multi-currency accounts and cardNomo, a fully digital Sharia-compliant cross-border bank, has launched new multi-currency accounts, allowing customers to hold, spend and send their money in 6 different currencies – GBP, USD, EUR, KWD, AED and SR. The new a More… |
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Ithmaar Bank narrows net loss to $6.9m in 9 monthsIthmaar Bank, a Bahrain-based Islamic retail bank, has posted a net loss of BD2.62 million ($6.9 million) attributable to equity holders for the first nine months of the year compared to the net loss of BD4.18 million ($11 million) reported for More… |
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Sharjah Islamic Bank Q1 net profit rises to $41.84mSharjah Islamic Bank (SIB) has projected strong results despite the current situation, with net profits totaling Dh153.7 million ($41.84 million) in the first quarter of 2020, compared to Dh151.7 million in 2018, an estimated 1.3 percent incre More… |
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Malaysia’s Maybank opens 1st overseas branch in DubaiMaybank Islamic Berhad, the largest Islamic bank in Malaysia and the ASEAN region by assets size, has opened its first overseas branch in Dubai at Dubai International Financial Centre (DIFC). The opening ceremony was attended by S More… |
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BisB gives out free payment cards to customersBahrain Islamic Bank (BisB) recently signed an exclusive partnership agreement with Bahrain Petroleum Company (Bapco) for issuing free Sadeem cards to the bank’s credit card holders, with a credit balance of BD5 ($13.2). The More… |
