Abu Dhabi Islamic Bank Q1 Profit Rises on Higher Revenues
Abu Dhabi Islamic Bank, the emirate’s biggest Sharia-compliant lender, on Monday reported a rise in net profit of 1.7 per cent year-on-year in the...
Kuwait’s KFH Reports 17.4% Jump in Q1 Profit as Provisions for...
Kuwait Finance House reported a 17.4 per cent rise in its first quarter net profit, beating analysts’ estimates as provision for bad loans fell...
Emirates Islamic inaugurates New Branch in Baniyas, Deira
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the opening of its new branch in Baniyas, Deira.
The branch...
Dubai Islamic Bank Weighs Acquisition of Local Rival Noor Bank
Investment Corp. of Dubai, the emirate’s main state-owned holding company, is one of the biggest investors in Noor Bank, a lender set up in...
Saudi Debt Management Office Issues New Local Sukuk
Saudi Arabia’s government debt management office issued new riyal denominated sukuk, also known as Islamic bonds, the news publication Maaal said on Sunday citing...
Dar Al Arkan Real Estate Development Company Announces Redeem of Sukuk
Dar Al Arkan Real Estate Development Company, the leading and largest publicly listed Saudi developer, announce today their intention to redeem the US$ 400...