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islamic finance

Dubai's Gulf Islamic Investments to acquire stake in Saudi healthcare firm-

September 15, 2021

Dubai-based Gulf Islamic Investments (GII) will acquire a stake in a healthcare company in Saudi Arabia for $600 million as part of its expansion......

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Senior housing fund: Gulf Islamic Investments to set up $590mln platform in German JV

August 31, 2021

UAE-based shariah-compliant financial services firm, Gulf Islamic Investments (GII) and German asset manager Capital Bay Group on Monday announced......

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ADIB launches world’s first Islamic digital bank targeting youth between 8 to 18

August 24, 2021

ABU DHABI, 23rd August, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) today officially unveiled 'Amwali' digital bank, the world’s first......

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ADIB recognised for its operational resilience by Business Continuity Institute-

August 17, 2021

ABU DHABI, 16th August, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has announced it received two major awards at this year’s Business Continuity......

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Global sukuk issuances rose 20% to record-breaking $175bn in 2020, IIFM says

August 8, 2021

Issuances of Islamic bonds globally hit a record high in 2020, rising 20 per cent annually to $175 billion, driven by demand in Asia and the Middle......

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ADIB becomes first UAE bank to adopt facial recognition for account openings

August 3, 2021

Abu Dhabi Islamic Bank, the emirate’s biggest Sharia-compliant lender, has partnered with the UAE’s Ministry of Interior to allow customers......

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ADIB sees rise in ''digitally active'' customers by 30% in six months

August 2, 2021

Abu Dhabi Islamic Bank (ADIB) said it has seen the number of customers who access online banking increase by 30 percent in the first six months of......

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Islamic social finance has a bigger humanitarian role

July 29, 2021

Hundreds of financial institutions are involved in Shariah-compliant transactions, making Islamic finance an established and recognised industry......

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ADIB records an 89% surge in H1 2021 net profit to AED 1.1 billion

July 29, 2021

ABU DHABI, 28th July, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) delivered strong financial results for H1 2021, with net profit surging 89 percent......

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Arada secures AED250 mn additional funding from Dubai Islamic Bank

July 12, 2021

SHARJAH, 11th July, 2021 (WAM) -- Arada, a property development company in Sharjah, has announced that it has secured an AED250 million Islamic facility......

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