Faisal Bank of Egypt profit falls 23.8%

  Cairo Faisal Islamic Bank of Egypt reported a 23.8% Year on Year decline in its profit for 2020, according to unaudited financial results filed to...

Alkhabeer diversified income traded fund lists on tadawul

Riyadh Alkhabeer Capital, an asset manager specializing in Shariah-compliant investments and financial services, has announced the listing of the units of its Alkhabeer Diversified Income...

NZ firm enlists SRB for Islamic financing products

  Manama New Zealand based financial services company Efco said that it has received Sharia certification as a mark of compliance from Shariyah Review Bureau (SRB)...


Britain, Gulf could create Islamic superbanks

London Gulf banks could reach out to offer more services into Britain in the coming years, according to one of the UK’s top Islamic financiers....

Oman’s Takaful Sukuk to launch $64.92m sukuk

Muscat The Capital Market Authority has approved the prospectus of the Mudharabah Sukuk of Takaful Sukuk LLC in favour of Takaful Oman Insurance SAOG...

SBP voted best central bank for promoting Islamic finance

Staff Reporter Karachi The State Bank of Pakistan (SBP) has been voted as the best central bank in promoting Islamic finance for the fourth time by...

Masraf Al Rayan, Al Khaliji merger deal to create top Mideast Islamic bank

Dubai Masraf Al Rayan (Al Rayan) and Al Khalij Commercial Bank (Al Khaliji) announced they have entered into a merger agreement following the announcement...

QIB ranked ‘3rd strongest Islamic Bank in World’, ‘8th strongest Bank in Mideast’

Doha The Asian Banker magazine has ranked Qatar Islamic Bank (QIB) as the ‘Third Strongest Islamic Bank in the World’ and ‘Eighth Strongest Bank in...

DIBL, EMAAR Karachi sign agreement to promote mortgage financing

Staff Reporter Karachi Dubai Islamic Bank limited (DIBL) & EMAAR Karachi Ltd signed an agreement to promote Home Financing for their current and upcoming projects. With...

BankIslami enables its account holders on NIFT ePay Signs up with NIFT ePay for Digital Commerce Payments

Staff Reporter Karachi BankIslami, in line with its vision to enable and promote cash-less and digital payments, becomes the first Islamic bank to go live with...

City Bank executes cross-border Shariah-based blockchain LC transaction

Dhaka City Bank executed a cross-border Letter of Credit (LC) transaction under a Shariah-based financing arrangement executed using blockchain technology. City Bank has partnered with...

Bank Nizwa signs financing agreement for construction of Arab Open University campus

Muscat Bank Nizwa, Oman’s leading and most trusted Islamic bank, recently signed an agreement with Arab Open University to finance the construction of their new...

Al Baraka Islamic wins top retail banking awards

Manama Bahrain-based Al Baraka Islamic Bank (AIB)has been awarded the ‘Best Islamic Retail Bank for Social Responsibility Award 2020’ and ‘Best Islamic Retail Banking Product...


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PM asks for timeline to complete low-cost housing units Directs to...

Staff Reporter Islamabad Prime Minister Imran Khan on Friday directed the concerned authorities to immediately start work on housing projects for poor and low-income groups. The directions...



ICT exports to cross $2b mark in FY-2020-21: Dawood

Staff Reporter Islamabad Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood on Friday expressed the hope that the country’s exports in Information and...


Pakistani mountaineer M Ali Sadpara, son begin winter ascent to K2

Pakistani mountaineer M Ali Sadpara, son begin winter ascent to K2

Gilgit - A three-member team comprising renowned Pakistani mountaineer Muhammad Ali Sadpara, his son Sajid Sadpar and Iceland’s John Snorri has left for a...