Middle East and North Africa

Middle East and North Africa

S&P: Islamic Finance Industry Will Expand

The global Islamic finance industry will expand slowly in 2018 and 2019, according to a report published by Standard and Poor’s (S&P) Global Ratings,...

GCC Islamic Banks to Outperform Their Conventional Peers

Islamic banks across the Gulf Cooperation Council (GCC) reported improvements in their fundamentals such as asset growth and asset performance last year while sustaining...

Qatar Central Bank Backs Three-Way Islamic Bank Merger

Qatar's central bank hopes a planned merger between three local Islamic banks can proceed this year, its governor said on Tuesday, in his clearest...

Dubai Investments to Set Up $100m Islamic Bank in DIFC

Dubai Investments, , a diversified company in which Investment Corporation of Dubai, the emirate's sovereign wealth fund has an 11.54 per cent stake, has...

Oil-Rich Middle East Region Takes Up Green Finance

The oil-rich Middle East might not be at the forefront of green finance—investment supporting environmentally friendly projects—but governments and financial institutions are taking steps...

Oman’s Islamic Banking Assets Note Huge Year-on-year Growth

The total assets of Islamic banks and windows in Oman reached to RO3.3bn at the end of March 2017, or 10.8 percent of total...