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islamic finance

Islamic spending could spike to $2.4T

November 17, 2020

Spending across Islamic economy sectors, excluding family-friendly travel, is forecast to rebound by the end of 2021, and is slated to reach $2.4......

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Dubai Islamic Bank closes lowest ever yielding AT1 sukuk

November 15, 2020

Dubai Islamic Bank (DIB), rated A3 by Moody's and A by Fitch, has successfully priced a $1 billion perpetual non-call 5.5 years additional tier......

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SHUAA Capital delivers solid Q3 performance, with Q3 net profit of AED 59 million

November 12, 2020

DUBAI, 11th November, 2020 (WAM) -- SHUAA Capital, has announced its financial results for Q3-2020, delivering a solid performance, with net profit......

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Mashreq records Dh352M 9-month profit

November 10, 2020

Mashreq on Monday said its nine-months net profit declined to Dh352 million while operating income dropped by 12.3 per cent to Dh4 billion on the......

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Digital workforce: ADIB announces first Emirati chatbot

November 9, 2020

Abu Dhabi Islamic Bank (ADIB) has announced the launch of the first Emirati customer care chatbot - ADIB Chat Banking. The service will be able to......

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Dubai Islamic Bank completes integration of Noor Bank

November 3, 2020

DUBAI, 2nd November, 2020 (WAM) -- Dubai Islamic Bank, DIB, today announced that it has completed the integration of Noor Bank with the successful......

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Etihad Credit Insurance launches ‘ECI Islamic’ to boost UAE’s halal trade industry

October 22, 2020

DUBAI, 21st October, 2020 (WAM) -- Etihad Credit Insurance, ECI, the UAE Federal export credit company, has launched its Shariah-compliant export......

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Emirates Islamic records Dh311m loss in 9 months

October 21, 2020

Emirates Islamic reported on Tuesday a net loss of Dh 311 million for the first nine months of 2020 on the back of a continued surge in impairment......

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Sharjah Islamic Bank launches the ''Joud'' card in cooperation with the Sharjah Charity International

October 20, 2020

SHARJAH, 19th October, 2020 (WAM) -- Sharjah Islamic Bank launched the 'Joud' prepaid card in cooperation with the Sharjah Charity International,......

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Shuaa Capital approves $150 million bond issuance

October 17, 2020

DUBAI, 15th October, 2020 (WAM) -- Shuaa Capital has approved the issuance of non-convertible bonds valued at US$150 million in one or more tranches......

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