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Banking & Finance

ADIB unveils nationwide business banking expansion plan

MEA Finance - May 14, 2024 0

The expansion includes strategic collaborations with key partners specialising in serving the SME sector and leveraging its extensive network across key locations in the UAE

Banking & Finance

QIB’s Q1 2024 net profit jumps 5.5% to QAR 955 million

MEA Finance - April 17, 2024 0

Total income for the first three months of the year was QAR 2.81 billion compared to QAR 2.41 billion for the same period in 2023

Banking & Finance

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

MEA Finance - March 28, 2024 0

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

Banking & Finance

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

MEA Finance - March 27, 2024 0

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

Banking & Finance

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

MEA Finance - January 23, 2024 0

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

Banking & Finance

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

MEA Finance - January 11, 2024 0

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

Banking & Finance

Ahli Islamic Bank signs landmark MoU with AAOIFI

MEA Finance - January 9, 2024 0

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

Appointments

Standard Chartered appoints UAE Head of Islamic Banking

MEA Finance - December 7, 2021 0

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

Banking & Finance

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

MEA Finance - November 18, 2021 0

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

Banking & Finance

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

MEA Finance - October 11, 2021 0

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

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#Islamic Banking

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FAB launches annual outlook report, predicting GCC to outpace the global economy in 2025

Mastercard SME Confidence Index: Optimism at a high as businesses in the UAE embrace digital growth and expansion