Emirates Islamic Announces FY 2018 Results
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced its full-year financial results for 2018, with the Bank reporting...
First Abu Dhabi Bank Raises $850 Mln Through Sukuk
First Abu Dhabi Bank (FAB), the largest lender in the United Arab Emirates, has raised $850 million in Islamic bonds, a document issued by...
Kuwait Finance House Could Exit Malaysia
Kuwait Finance House may exit investments worth as much as US$400 million (RM1.64 billion) this year in Malaysia, Al-Rai reported, citing CEO Mazin Saad...
MIDF, Al Rajhi Malaysia Get Bank Negara Nod for Merger Talks
The Malaysian Industrial Development Finance Bhd (MIDF) is one step closer to merging with Al Rajhi Banking & Investment Corp (Malaysia) Bhd (Al Rajhi...
Islamic Banks’ Excess Liquidity Shrivels
Shariah-based banks saw a sharp fall in excess liquidity in the third quarter of last year because of aggressive investment to the point of...
MENA Bonds Group Makes Splash with Four Ucits Fund Launches
Specialist fixed income asset manager AD Global Investors Limited (ADGI) has launched four Ucits funds shortly after receiving its licence to manage funds and...