BENEFIT, Mastercard Partner to Launch Blockchain Payment
Bahrain’s Electronic Network for Financial Transactions (BENEFIT) has partnered with Mastercard to launch a pilot blockchain programme that will enable banks to deliver fast,...
Kuwait’s Warba Bank among ESIC’s $600mln Sukuk Issue Arrangers
Warba Bank, listed on Boursa Kuwait, announced that Emirates Strategic Investments Company (ESIC), owned by Sheikh Mansour Bin Zayed Al Nahyan, has successfully issued...
Kuwait Finance House Launches New Ripple-Powered ‘Xpress Service’
Kuwait’s famous banking network, Kuwait Finance House (KFH), launched its 3rd digital self-banking platform KFH-Go in Al-Mangaf. KFH is already in collaboration with Ripple...
KFH Opens Its Third Digital Self-Banking Station KFH-Go in Al-Mangaf Co-op
Kuwait Finance House (KFH) inaugurated its third digital self-banking station KFH-Go in Al-Mangaf Co-op. This state-of-the-art e-branch is unmanned and equipped with an advanced...
Abu Dhabi’s ADCB Quarterly Profit Drops 11% on Cost of Funds
Abu Dhabi Commercial Bank, which completed a three-way merger in May, reported an 11% decline in second-quarter profit as the cost of funds rose.
Pro-forma...
IIFM to Wrap Up Sukuk Al Ijarah Standard Suite This Year
The International Islamic Financial Market (IIFM) expects to finalise capital market related “Sukuk Al Ijarah” standard suite of documentation later this year.
In a recent...