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Banking & Finance

UAE’s ADIB posts AED6.1 billion in net profit for 2024

MEA Finance -
ADIB’s board recommended a cash dividend per share of 83 fils for 2024, amounting to AED3.03 billion
Banking & Finance

AlRayan Bank, HSBC complete debut Islamic ESG KPI-linked repo transaction

MEA Finance -
The bank offers a number of environmental, social and governance products, including green deposits and financing for electric vehicles
Banking & Finance

Qatar’s Masraf Al Rayan unveils new brand identity

MEA Finance -
The rebranding signifies the bank’s commitment to innovation, customer empowerment, and contributing to Qatar’s sustainable growth
Editors pick

Egypt central bank plans United Bank IPO

MEA Finance -
Completion of the offering is expected to take place before the end of the first quarter of 2025
Banking & Finance

Qatar Islamic Bank issues $750 million 5-year Sukuk

MEA Finance -
The five-year unsecured sukuk was priced at 100 basis points over US Treasuries at 4.485%
Banking & Finance

Kuwait Finance House sells entire stake in Sharjah Islamic Bank

MEA Finance -
The Kuwaiti lender sold the shares to the Endowment of Sheikh Sultan bin Mohammed bin Saqer Al Qasimi, the Sharjah Social Security Fund and Sharjah Islamic Bank
Banking & Finance

Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

MEA Finance -
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
Banking & Finance

SAMA regulations enhance Saudi Islamic banks’ Sharia governance, Fitch says

MEA Finance -
The regulations issued cover profit-sharing investment accounts and aim to enhance Sharia compliance
Banking & Finance

Sharjah Islamic Bank successfully issues $500 million sukuk

MEA Finance -
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion
Banking & Finance

Islamic banks assets increased by AED 86 billion over past 12 months

MEA Finance -
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
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