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#Islamic Banking

Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”

ADIB leads closure of AED 863 million Shari’ah-compliant syndicated loan

ADIB acted as the lead arranger, coordinator, bookrunner, Shari’ah advisor, and investment and security agent on the deal

ADIB full year net profit rises 45% to AED 5.25 billion

Net profit for Q4 2023 reached AED 1.5 billion with 29% growth versus Q4 2022

Bank Nizwa, Oman Housing Bank partner to provide home financing solutions

Bank Nizwa is among four distinguished banks enlisted as finance partners to provide applicants with government-subsidized housing financing

Ahli Islamic Bank signs landmark MoU with AAOIFI

The MoU seeks to synergise the expertise of Ahli Islamic and AAOIFI, by way of collaboration that involves a series of technical and professional activities

Standard Chartered appoints UAE Head of Islamic Banking

Standard Chartered announced today the appointment of Ali Allawala as Head of Islamic Banking (Saadiq) for the United Arab Emirates (UAE). Based in Dubai,...

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...

Emiratisation: Dubai Islamic Bank proud to be creating a new generation of leaders

Dubai Islamic Bank (DIB) has made great strides in achieving its Emiratization agenda playing a key role in overcoming the challenges posed by the...

Emirates Islamic launches campaign to provide relief to SMEs amid surges in freight costs

Emirates Islamic has introduced a preferential pricing campaign, aimed to assist existing small and medium enterprise (SME) clients, by offering relief in terms of...

ENBD REIT announces full year results for 31st March 2021

ENBD REIT , the Shari’a compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced its financial results for the year...

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