Islamic Finance

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...

Emirates Islamic marks 50th UAE National Day

Emirates Islamic marked the UAE's Golden Jubilee at the bank's headquarters in Dubai Healthcare City, celebrating the country’s heritage with a display of traditional...

Standard Chartered ‘Saadiq’ launches USD 100 million Islamic Financial Programme

Standard Chartered ‘Saadiq’ in collaboration with the Malaysian Halal Development Corporation, the launch of a USD 100 million Islamic financial programme dedicated to supporting...

Emirates Islamic successfully closes US$ 500 million Sukuk issuance

Emirates Islamic announced that it has successfully closed a US$ 500 million 5-year Sukuk issued from its US$ 2.5 billion Certificate Issuance Programme. The landmark...

ADIB launches Amwali, the world’s first Islamic Digital Bank targeting GenZ

Abu Dhabi Islamic Bank (ADIB) officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the age of 8 to...

DIB increases Foreign Ownership to 40%

Following all regulatory approvals received from UAE Central Bank and the Securities and Commodities Authority (SCA), DIB has today, through the Dubai Financial Market...

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