Islamic Trade Finance Body Spent $5bn for Development Last Year
The International Islamic Trade Finance Corporation (ITFC), an institution created in 2008 as a member of the Islamic Development Bank Group to support, promote...
Emirates Islamic Launches Free International Money Transfers Campaign During Ongoing COVID-19...
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a campaign offering free international transfers for...
Meethaq mBanking App Provides Easy Access to Banking Services
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in step with the bank’s vision ‘To serve you better', every day has...
First Abu Dhabi Bank Puts Talks to Acquire Bank Audi’s Egyptian...
First Abu Dhabi Bank (FAB) has put on hold discussions to acquire the Egyptian assets of Lebanon’s Bank Audi due to difficult market conditions,...
Top UAE Banks’ Aggregate Net Profit Plunges 32pc in Q1
The last of the four largest UAE-based banks - First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank -...
Saudi Issues 5.755 bln Riyals in Sukuk as Part of Monthly...
Saudi Arabia’s Ministry of Finance has sold 5.755 billion riyals ($1.53 billion) in sukuk as part of its monthly programme.
The May 2020 issuance under...