Islamic Banking

Dar Al Takaful and Watania complete merger to form one of the leading national Takaful providers in the UAE

Dar Al Takaful (DAT) and Watania announced the completion of their merger effective on 1 July 2022 pursuant to the merger plan announced on...

Emirates Islamic launches Super Savings Etihad Guest Account

Emirates Islamic has partnered with Etihad Guest, the award-winning loyalty programme of Etihad Airways, to launch the ‘Super Savings Etihad Guest Account.’ The new savings...

Saudi Real Estate Refinance Company (SRC) successfully closes its SAR 10 billion Domestic Sukuk Program

The Saudi Real Estate Refinance Company (SRC) announced it had successfully closed its 10 billion Saudi-Riyal denominated Sukuk program following the completion of the...

Aafaq Islamic Finance and Arab Financial Services partner to support fintech startups in UAE

Aafaq Islamic Finance a regional Islamic financial products and services provider, and Arab Financial Services (AFS), the leading digital payment solutions provider and fintech...

Dubai Islamic Bank Shareholders approve 25% dividend for 2021

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the second-largest Islamic bank in the world, has held its first hybrid...

Bank ABC Islamic announces 2021 year-end net profit to US$29.9 million

Bank ABC Islamic has announced its financial results for the year ending 31 December 2021. The Bank delivered strong performance in 2021, closing the year...

GFH Financial Group launches GCC $100 million Sukuk Fund

GFH Financial Group (GFH) has announced that is has launched and seeded a $100 million sukuk fund which holds a diversified portfolio of sukuk...

Daman Investments mandated for a 400 million Dirhams shariah compliant fixed income strategy from a UAE based institution

Daman Investments has been mandated  a sharia compliant fund with an Assets Under Management (AUM) of USD 105 Million (AED 400 Million) from a...

Emirates Islamic launches premium Emarati Family Savings Account

Emirates Islamic, one of the leading Islamic financial institutions in the UAE and the preferred bank for UAE nationals has launched an Emarati Family...

New report explores global attitudes to Islamic Wealth Management

A landmark study into global attitudes towards Islamic wealth management has provided unique insights into the evolving needs of Muslim high-net worth individuals and...

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