Middle East and North Africa

Middle East and North Africa

Bahrain Islamic Bank Posts Bd3.5 Million Net Profit for First Half...

Bahrain Islamic Bank’s Chairman of the Board of Directors, Dr. Esam Abdulla Fakhro, confirmed that the Bank has achieved a net profit of BD...

KFH Made Its 1st Successful Blockchain Transaction

Kuwait Finance House (KFH) recently ran its first successful blockchain-based international transaction over a testnet with Al Rajhi, a Saudi bank, using Ripple technology....

Turkish Banking Links Weigh on Gulf markets

Reuters reports on Monday that Saudi Arabia's stock index has reached its lowest level in more than three months. Regional markets are sinking as...

World Islamic Banking Conference Announces Landmark 25th Edition in Strategic Partnership...

Over 1,200 global Islamic banking and finance leaders, industry powerhouses and policy makers will converge for the upcoming 25th edition of the World Islamic...

Nasdaq Dubai to Allow Individuals to Invest in Sukuk Market by...

The Nasdaq Dubai exchange plans to allow individuals to invest in sukuk (Islamic bonds) by 2019, the chief executive officer said in remarks published...

Islamic Banking Assets Grow 12%

The Islamic Banking Industry (IBI) has grown considerably as its assets witnessed growth of 12.4 percent by the end of Calendar Year 2017 since...