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islamic finance

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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Emaar hires banks for 10-year dollar Islamic bonds - document

June 29, 2021

DUBAI - Emaar Properties has hired banks to arrange an issuance of U.S. dollar-denominated 10-year sukuk, or Islamic bonds, a document showed on......

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Demand for loans will pick up; low interest rates support recovery: Emirates Islamic Bank

June 29, 2021

Farid Al Mulla, deputy head of consumer banking and wealth management at Emirates Islamic Bank (EIB) said low interest rates will support domestic......

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Organisation of Islamic Co-operation approves Abu Dhabi Declaration to promote science

June 17, 2021

Member states of the Organisation of Islamic Co-operation (OIC) approved the Abu Dhabi Declaration – a mission statement affirming their commitment......

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Dubai Islamic Bank sells $1bln in 5-year sukuk

June 16, 2021

Dubai - Dubai Islamic Bank, the United Arab Emirates' largest Islamic lender, sold $1 billion in five-year sukuk on Tuesday after receiving more......

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Jebel Ali School agrees to pay $5.45mln rent arrears to Emirates REIT

June 15, 2021

Jebel Ali School (JAS) has agreed to pay AED 20 million ($5.45 million) in rent arrears to Emirates REIT (CEIC) PLC as the two parties attempt to......

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ADIB named ‘Best Islamic Bank in the UAE’ at IFN Awards

June 7, 2021

ABU DHABI, 6th June, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has announced it won five categories at the Islamic Finance News (IFN) Awards 2021......

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Abu Dhabi Islamic Bank provides financing to Rasmala Long Income Fund for acquisition of Tesco supermarket in UK

May 27, 2021

ABU DHABI, 26th May, 2021 (WAM) -- Abu Dhabi Islamic Bank (ADIB) has provided structured Islamic financing to Rasmala Long Income Fund to support......

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