Turkish banks post $4.3b net profit in March By News desk May 6, 2022 Turkish banks saw a net profit of TL 63.2 billion ($4.3 billion) in March, the country’s banking watchdog said.…
Saudi Islamic finance close to $800b, Kingdom ranks first in the world By News desk April 29, 2022 The Islamic financial industry in Saudi Arabia has a prominent position in the world, with nearly SR3 trillion ($799.7 billion)…
ADIB provides $136m Sharia’a-compliant financing for Jubail Island construction By News desk April 29, 2022 With coastal views, mangrove forests, and a central location, the Jubail Island community development will be home to 10,000 UAE…
ARBM selects Moneythor as a partner for its PFM features By News desk April 29, 2022 Al Rajhi Bank, Al Rajhi Bank Malaysia (ARBM), a subsidiary of Al Rajhi Bank of the Kingdom of Saudi Arabia…
SIB reveals 13.9 pc increase in net profits to $50.9m in Q1 2022 By News desk April 29, 2022 Sharjah Islamic Bank (SIB) has revealed a 13.9 percent year-on-year increase in profits to $50.9 million (AED 187 million) for…
Double-digit profit growth expected in 2022 By News desk April 29, 2022 Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, is bullish about double-digit profit growth in 2022 on…
Experts mull Islamic digital economy’s future and challenges By News desk April 22, 2022 Saudi Arabia was fast reaching its goal of becoming the global hub for Shariah-compliant investment, amid challenges of aligning the…
Salaam Takaful Ltd continues its legacy, will distribute another surplus to participants By News desk April 22, 2022 Salaam Takaful Limited, the largest dedicated general takaful operator and the first Islamic Insurtech in Pakistan, announced yet another payment…
Masraf Al Rayan first Islamic bank in Qatar to launch Sustainable Financing Framework By News desk April 22, 2022 Masraf Al Rayan Q.P.S.C. (Al Rayan) announced the launch of its Sustainable Financing Framework to further its Environment, Social and…
Bank Nizwa earns recognition for its contribution to Islamic banking By News desk April 22, 2022 A leading Islamic bank that has led transformational change in the sector by spearheading innovative initiatives and playing a key…
‘Every Pakistani is a Soldier in War Against Terrorism, says COAS Asim Munir at Apex Committee Meeting