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Emirates Islamic becomes first Islamic bank in the region to introduce Fractional Sukuk for investors

Emirates Islamic has launched Fractional Sukuk, an innovative new product catering to investors. The exclusive offering grants customers access to international Sukuk markets with...

Dubai SME rolls out financial assistance for businesses affected by the exceptional weather conditions

Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a subsidiary of Dubai Department of Economy and Tourism (DET), has announced...

Bank of Sharjah acts as Joint Lead Manager and Bookrunner in a US$ 300 Million Sukuk for Kuwait International Bank

Bank of Sharjah, one of the leading commercial banks in the UAE, reaffirms its commitment to expanding its presence in local, regional and international...

DIFC delivers record 23 per cent YoY growth in underwriting volumes reaching an annual USD 2.6bn in gross written premiums

Dubai International Financial Centre (DIFC) has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP)...

AFS launches Data Center and Disaster Recovery (DR) site in Egypt

Arab Financial Services (AFS) has strategically expanded its footprint in Egypt with the inauguration of a brand-new data center. This investment marks a significant...

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million

Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals

Arab Monetary Fund sees growth potential in Takaful market

The fund projects a continued annual growth of 5-8% for the Takaful sector in the coming years

ADIB signs an agreement with Astra Tech

The deal makes ADIB the first bank to provide users across the UAE access to financial services on the Botim Ultra app

Dubai Islamic Bank Announces Group Financial Results for First Quarter of 2024

Dubai Islamic Bank announced its results for the period ending March 31, 2024. Q1 2024 Highlights: Net Profit (Pre-Tax) registered AED 1,850 million up 22%...

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