Middle East and North Africa

Middle East and North Africa

QIB Net Profit Jumps 14.5% to QR2.75bn y-o-y in 2018

QIB has posted a net profit of QR2.75bn in 2018, up 14.5% on the year before. In 2017, the leading Islamic bank had earned...

Oil Prices ‘to Shape Sukuk Performance in 2019’

Sukuk market performance in 2019 will likely by dampened by tightening liquidity conditions worldwide, high geopolitical risks in the Middle East, and challenges inherent...

Islamic Development Bank Provides $40 Million Loan for Kazakh Businesses

The Islamic Development Bank (IsDB) has provided a $40 million loan to Kazakhstan’s Damu Entrepreneurship Development Fund, said fund Deputy Chairperson Daulet Abilkairov at...

Islamic Financial System’s Assets to Reach $2,500 Billion in 2019

2019 looks promising for Islamic finance. Indeed, this finance deemed ethical should weigh $2,500 billion in the world by the end of 2019 against...

Emirates Islamic Announces FY 2018 Results

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced its full-year financial results for 2018, with the Bank reporting...

First Abu Dhabi Bank Raises $850 Mln Through Sukuk

First Abu Dhabi Bank (FAB) , the largest lender in the United Arab Emirates, has raised $850 million in Islamic bonds, a document issued...