UAE Banking Stock Gains Give Local Markets a Boost
Banking stocks gained the favour of traders on local bourses ahead of fourth-quarter earnings, with both the Dubai Financial Market (DFM) and Abu Dhabi...
Islamic Finance Volume Seen at $2.5tn This Year, Takaful Stays Miniscule
The global volume of the Islamic finance industry will reach about $2.5tn this year, only a small growth from the $2.44tn it reached in...
Bank Nizwa Unveils New Home Financing Solutions in Oman
Bank Nizwa, the first dedicated Islamic bank in Oman that offers fully shari'a-compliant products and services, has launched its new home construction financing scheme...
KIB Awarded ‘Best Sharia-Compliant Bank in MENA’ by Capital Finance
For the fourth consecutive year and in recognition of its commitment to providing exceptional Islamic banking services, KIB received the ‘Best Sharia-compliant Bank in...
Global Islamic Financing Rises by 14.6% to $32.95bn in 2018
Global Islamic financing increased by 14.6% to $32.95 billion in 2018 compared to 2017, Bloomberg said in its EMEA Capital Markets Tables, representing the...
First Banks Are Starting to Use xRapid and XRP for International...
In the last days of December a news broke out about Kuwait national bank planning to use Ripple’s xRapid (a solution that uses XRP...