Khaleeji Commercial Bank Unveils Special Offer on Murabaha Deposits
Khaleeji Commercial Bank (KHCB), one of the leading Islamic Banks in Bahrain, launched a special offer on its Murabaha Deposits through which clients will...
KFC Middle East Taps Blockchain to Create Trust in Advertising
Fast-food company Kentucky Fried Chicken (KFC) has ventured into distributed ledger technology (DLT) and launched a blockchain pilot program in the Middle East.
The KFC blockchain pilot...
Bahrain Sells $2 Billion Dual Tranche Bonds
The Bahrian government sold US$2 billion in a dual-tranche bond issuance comprising 4.5-year sukuk, or Islamic bonds, and 10-year conventional bonds. Bahrain sold US$1...
ADCB Posts $57m Q1 Profit; Islamic Finance Income Up 6pc
Abu Dhabi Commercial Bank (ADCB) said it has reported a net profit of Dh209 million ($56.9 million) for the first quarter of the year.
Announcing...
Islamic Banking Facing new Challenges Amid COVID-19
As commercial banks across the world find themselves on the brink of crisis while the global pandemic halts financial transactions among civil society, the...
Islamic Development Bank, Turk Eximbank Ink $100M Deal to Aid SMEs
The Islamic Development Bank (IsDB) and Turk Eximbank signed a syndicated murabaha (interest-free) deal of $100 million to finance small and medium-sized enterprises (SMEs),...