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 Islamic commercial banks

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updated Sun. April 21, 2019

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Although GCC countries—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—have taken many of these steps, they are still far from the implementation of resolution regimes for both conventional and Islamic banks. "In our opinion, such implementation would require a significant ...
Dubai, UAE: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has won two awards, 'Best Branches' and 'Best Customer Experience ... Dubai Islamic Bank is well-positioned today to continue building on its efforts of delivering outstanding customer service, and aligning these programs to its ...

Manama, Feb. 12 (BNA): Bahrain Islamic Bank (BisB) announced strong financial results that have positively impacted all the Bank's operations. The Bank recorded a net profit of BD 10.1 million for the year ended 31st December, 2017 compared to a net profit of BD 8.4 million last year, an increase of 20%.
Transparency: Depositors in Islamic banks are entitled to being fully informed about exactly what and how banks utilize their deposits. Depositors are ... Bitcoin PR Buzz welcomed the new partnership, saying: “We are excited to support the world's first blockchain-based Islamic bank.” With a solid media ...
Dubai Islamic Bank has launched a five-year $1 billion sukuk due to mature in February 2023, the bank announced on Wednesday. The issuance, which emanates from the bank's $5 billion sukuk programme, carried a profit rate of 3.65% and marks the first dollar-benchmarked sukuk transaction from the ...
The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated lead arrangers and bookrunners. “We are pleased to have secured this funding facility, which is a critical milestone on our journey to deliver this fantastic project. I would like to thank our ...

Sharjah Islamic Bank issues sukuk to raise Dh266 million. Staff Report/dubai. Filed on January 1, 2018. Share; More >. Vote. 0. Sharjah Islamic Bank has successfully completed the issuance of Dh266.8 million worth of sukuk convertible into equity of the bank to the Sharjah Social Security Fund. (File photo). Sharjah Islamic ...
Dubai Islamic Bank Pakistan (DIBP) & Federal Board of intermediate and Secondary Education (FBISE) has signed a Memorandum of Understanding (MOU) for the exclusive use of Payment System for their cash management needs. This joint initiative is aimed at encouraging the progression of paperless ...
AFFIN Islamic Bank Bhd is aiming to boost its loan growth by 10% to 15% this year by putting more focus on small and medium enterprises (SMEs) as well as ... Observations of BNM's monthly statistics reflect that the compounded average growth rate of savings accounts at Islamic banks between January ...
The Ugandan government has recently approved the regulation of Islamic banks in consultation with its Central Bank. ... On the business segment of the Morning Call,Our William Bahiya examines the proliferation of Islamic banks in Africa and takes a look at the pros and cons on the financial sector of the ...
“We are hoping to launch our branchless banking platform in June,” Dubai Islamic Bank Pakistan Chief Executive Officer Junaid Ahmed said after signing an agreement with Chinese technology company, Zing Digital Commerce (technology partner of Shanghai F-Road, China), which is deploying the ...
Islamic banks' capitalisation is adequate “but capital ratios are sensitive to further non-performing financing growth and Turkish lira depreciation”. The refinancing risk at Fitch-rated Islamic banks in Turkey are “manageable” while foreign currency external funding is below the sector average, the report said.
Islamic banks need to strengthen their risk management and Shariah compliance functions, the recently published report said, as momentum grows for ... Islamic commercial banks are estimated to hold around $1.3tn in assets globally and the sector is now considered systemically important in several ...
ARADA has secured a syndicated loan of AED1 billion from two major UAE banks that will help finance the development of Sharjah's largest mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated lead ...
World's oldest Islamic bank has strengthened its leadership to provide sharia-compliant products and services to an even broader market. ... “More than 70 per cent of all Islamic banks have branches in Malaysia, so there's a huge market where we already have a lasting presence,” Power says. With its ...
QIIB is one of the oldest Islamic banks in Qatar and has a strong client base, especially in the retail sector. Text Size: A A A ... QIIB was established in 1990 as the second Islamic bank in Qatar and is currently the third largest Islamic bank in terms of assets and market capitalisation. The bank started ...
ARADA has secured a syndicated loan of AED1 billion from two major UAE banks that will help finance the development of Sharjah's largest mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated lead ...

Qatar Islamic Bank (QIB) has added Face ID capabilities on its mobile app across all smartphones, becoming the first lender in the country to allow facial recognition technology. Using the biometric authentication option, QIB customers can login to their mobile banking app, to manage their accounts, make ...
World's oldest Islamic bank has strengthened its leadership to provide sharia-compliant products and services to an even broader market. ... “More than 70 per cent of all Islamic banks have branches in Malaysia, so there's a huge market where we already have a lasting presence,” Power says. With its ...
Commending his vision for Oman's Islamic banking industry, Salaam bin Said al Shaksy, CEO of Alizz Islamic Bank, was honoured with the 'Best Arab ... Aisha al Kharusi, head of strategy, branding and corporate social responsibility (CSR) at Alizz Islamic Bank accepted the prestigious award on behalf of ...
KUALA LUMPUR: Affin Bank Bhd's wholly owned subsidiary, Affin Islamic Bank Bhd, has today listed its latest sponsored venture with Segi Seri Sdn Bhd on Investment Account Platform (IAP), a shariah-compliant platform similar to crowdfunding and peer-to-peer lending platforms. Affin Islamic said the ...
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, has signed a €100 million ($118 million) syndicated agreement with Cameroon's government to support over 300,000 cotton farmers. Economy Minister Louis Paul Motaze, who is also IDB ...
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a preliminary rating of AAAIS to CIMB Islamic Bank Bhd's proposed RM10.0 billion senior ... “MARC views the prevailing intense competition among Islamic banks would continue to weigh on the bank's NFM going forward,” it said.
Path Solutions, the global provider of software solutions and services for Islamic banks and financial institutions, announces that Alrajih Islamic Bank for Investment and Financing (“Alrajih Islamic Bank”) has selected the multi-award winning Islamic core banking system iMAL ahead of ICS Financial ...
TrustbankSuriname.com), the first Islamic Bank in Suriname and the region, took place on Thursday 7th of December 2017 in the presence of the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org) representatives. To commemorate this event, Nida Raza the Director of ...
Khalid Hamad, executive director of banking supervision at Bahrain's central bank, says the regulator is drawing up tight new requirements for Islamic banks to measure and report their exposure to financial risk, as part of the kingdom's efforts to standardise the industry. Phil Weymouth for The National.
Qatar Islamic Bank (QIB), Qatar's leading Islamic Bank, announced that it has received two awards from the “Arab Best” Awards. ... QIB has demonstrated steady financial growth over the past few years and has been setting a benchmark for Islamic Banks in the region with its embrace of cutting-edge ...
Interestingly, according to the World Islamic Banking Competitiveness Report 2016 by EY, Islamic banks still have a lower customer penetration in ... As a leading Islamic bank operating in 15 countries, I look forward to sharing our experience in digital banking with the participants and benefitting from their ...
Muscat: Reinforcing its position as one of Oman's most dynamic and innovative Islamic banking institutions, Alizz Islamic Bank signed a memorandum of understanding (MoU) with Oman Post. This is part of Alizz Islamic Bank's efforts to lead the financial sector's initiative to work closely with Oman Post.
According to BML Istisharat, Al Qurtas Islamic Bank is now live with the core, branch, Islamic financing and international banking modules. Last month, another start-up in the country, International Islamic Bank, went live with the ICS Banks core banking solution from ICS Financial Systems (ICSFS).
AFB shareholders are Qatar Islamic Bank holding 66.66 per cent, Financial Assets Bahrain WLL (6.67 per cent), RUSD Investment Bank Inc (16.67 per cent) ... After the proposed merger, EPF's share in MBSB will slightly dilute to 63.16 per cent, while Qatar's second largest bank Qatar Islamic Bank, will hold ...
On this special occasion, Mr. Hassan Jarrar, BisB CEO, stated, “This is a step towards Digitization. We successfully partnered with Benefit to ...
Currently, eight full-fledged Islamic banks are operating with 1,068 ... Islami Bank Limited, ICB Islamic Bank Limited and Union Bank Limited.
Muscat: As part of its ever growing product portfolio, Alizz Islamic Bank has enabled salaried individuals to avail commercial finance for their ...
KUWAIT: Kuwait Finance House (KFH) won “Islamic Bank of the Year 2017 – Global” Award from the Banker Magazine, an international ...
Qatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, reported a 10.9 percent jump in third-quarter net profit on ...
Having read several articles about BLME and Sharia law, I am interested but I've never invested in an Islamic bank. Do you think BLME would ...
Qatar Islamic Bank (QIB), country's leading Shariah-compliant banking and financial services provider, has reported a net profit of over ...
Qatar Islamic Bank (QIB), Qatar's leading Islamic Bank, has received two ... setting a benchmark for Islamic Banks in the region with its embrace ...
Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the UAE, said on Wednesday it recorded a 26 per cent increase in ...
The performance of Dubai's largest lender surged on a rise in income from Islamic financing and investing transactions. Source: Dubai Islamic ...
Phil King, the head of retail banking at Abu Dhabi Islamic Bank, said the lender is planning to open three to five branches across the UAE next ...
Alizz Islamic Bank recently won the award for 'Best Sukuk Deal 2017' at the seventh Global Islamic Finance Awards 2017 (GIFA) held in Astana, ... Salaam Said al Shaksy, CEO of Alizz Islamic Bank, said, “We are deeply honoured to be recognised with the 'Best Sukuk Deal 2017' award by GIFA for our role ...
Islamic banks' capitalisation is adequate “but capital ratios are sensitive to further non-performing financing growth and Turkish lira depreciation”. The refinancing risk at Fitch-rated Islamic banks in Turkey are “manageable” while foreign currency external funding is below the sector average, the report said.
Islamic banks need to strengthen their risk management and Shariah compliance functions, the recently published report said, as momentum grows for ... Islamic commercial banks are estimated to hold around $1.3tn in assets globally and the sector is now considered systemically important in several ...
The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, has signed a €100 million ($118 million) syndicated agreement with Cameroon's government to support over 300,000 cotton farmers, Anadolu Agency said on Tuesday. According ...
The Bank of Tanzania has moved to prevent a possible run on deposits at the sharia-compliant Amana Bank after reports circulated on social media of the financial institution's imminent closure. BoT Governor Florens Luoga said that Amana Bank and other lenders were stable and there was no cause for ...
Islamic banks have beaten conventional banks by mobilising ... UAE-based Meezan Bank was declared 'The Best Islamic Bank of 2017' for ...
Alizz Islamic Bank narrowed its loss by 7.91 per cent to 3.15 million rials for the nine months ended September 2017 from 3.42 million rials in ...
Sharjah Islamic Bank (SIB) posted a net profit of Dh360 million for the first nine months of 2017, compared to Dh335.8 million for the same ...


 

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