Nearly $1 trillion GCC Bank Mergers Under Way
The UAE leads the pack with highest number of bank mergers both in terms of value and volume.
GCC banking sector is undergoing major consolidation...
S&P Report Says IFSB Proposal on Sharia-Compliant Lender of Last Resort...
By Michelle James
The IFSB's proposal on Sharia-compliant LOLR facilities could help boost the stability of the Islamic banking industry by minimizing banks' exposure to...
Mobile Wallets Reshape Payments in UAE
Acceptance of mobile wallets in the UAE is growing as consumers become spoilt for choice when it comes to payment options.
With a simple tap...
Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank
Saudi Arabia's central bank on Sunday fined 16 banks, including a UAE bank and some of the Kingdom's largest banks, for violating its laws...
Muzn Islamic Banking Launches Kids’ Wakala Account for Children
Muzn Islamic Banking, the Islamic Banking window of National Bank of Oman has launched a new account designed for kids. Called the Kids’ Wakala...
Bank of Palestine Group Announces Q1 2019 Preliminary Financial Results
Bank of Palestine Group (BOP), announced its Q1 2019 preliminary financial consolidated results reporting a gross income of USD 56,255,539 in Q1 2019, compared...