Middle East and North Africa

Middle East and North Africa

SBP Allows Islamic Banks to Offer Refinance Facilities

The central bank has given the go-ahead to Islamic banks which can now offer cheaper refinancing to three priority areas including small and medium...

Payment Cards’ Data Worth $3.5mn Stolen for Online Sale

Pakistani banks’ payment cards data worth an estimated $3.5 million have been put on sale at a secretive online hub of stolen card data,...

Kuwaiti Islamic Banks Show Resilient Asset Quality; Strong Liquidity

Fitch Ratings says in a new report that asset-quality metrics remain solid at Kuwaiti Islamic banks but concentration remains their biggest risk. Kuwaiti Islamic...

Bahraini Startup Skiplino Expands to Kuwait, Launching at Kuwait Finance House

Kuwait Finance House launches “Skiplino” a digital queue...

Iranian Parliament Allows Oil Ministry to Issue Up to $3b of...

According to the latest ratification of the parliament,...

QIB Maintains Lead with 42.3% Market Share of Islamic Assets

QIB Chairman, Sheikh Jassim bin Hamad bin Jassim...