Middle East and North Africa

Middle East and North Africa

Islamic Banks ‘Way Ahead in Adopting Financial Technology’

Fintech transformation in Islamic banks is well underway as institutions look to leverage the advantages it offers and realise the threat if no action...

Proposed Masraf Al Rayan-Al Khaliji Merger Seen Supporting Qatar Economy

Industry experts and banking captains view the proposed merger between Masraf Al Rayan and Al Khaliji as a sustainable journey to create fewer but...

Dubai World Pays Off $8.2b of Debt Two Years Ahead of...

Dubai World said on Tuesday it made the final repayment of $8.2 billion to creditors more than two years ahead of the due date...

UAE Islamic Banks Not Isolated from Low Oil Prices, Coronavirus

UAE Islamic banks' profitability will be hit in 2020 by lower profit rates, lower business volumes and higher financing impairment charges as a result...

Sharjah Islamic Bank Records 55% Increase in Use of Online Services

Sharjah Islamic Bank (SIB) recently recorded a 55 per cent increase among users of digital channels and smart services, while the number of digital...

QFTH Open to Include Islamic Fintechs, SMEs in First Wave of...

Qatar Fintech Hub (QFTH), co-founded by Qatar Development Bank (QDB), is open to include fintechs specialising in Islamic finance, regulatory framework and small and...