Islamic Banking

Gulf Islamic Investments launches a $100 million Shari’ah compliant debt fund

Gulf Islamic Investments (GII) is launching a $100million Debt Fund – GII Debt Fund-I (“GDF-I” or the “Fund”). GDF-I will focus on supporting high growth companies in...

Dubai Islamic Bank successfully prices USD 750 million inaugural Sustainable Sukuk

Dubai Islamic Bank, rated A3 by Moody's and A by Fitch successfully priced its inaugural Sustainable Sukuk – a landmark USD 750 million 5-year...

DIB to implement a complete digital KYC journey for New to Bank Customers in collaboration with the UAE Ministry of Interior

Dubai Islamic Bank (DIB) announced its collaboration with the UAE Ministry of Interior (MOI) at GITEX GLOBAL. The new collaboration will enable the bank...

Gulf Islamic Investments’ US$300 million Indian funds demonstrate strong growth and future prospects

Gulf Islamic Investments (GII) a leading Shari’ah-compliant global investment company, is delighted with the successful closure of its second Indian Growth fund (IGP2) this...

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...

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