Bank Nizwa Highlights Waqf Significance and Hosts Workshop on Endowments
Muscat: Bank Nizwa, the leading Islamic bank in Oman, has taken a significant step towards enhancing the understanding and implementation of Waqf …
Islamic Banks
Maybank Leads RM4B Sukuk for Sarawak Petchem Plant
Maybank has announced its significant role in financing and providing hedging facilities for Sarawak Petchem’s first methanol production plant, …
Faysal Bank Projects Earnings to Double in Three Years
We are initiating coverage on Faysal Bank Limited (FABL) with a target price of PKR 100 per share. This valuation is based on a Price-to-Book (P/B) …
Moody’s Reaffirms IsDB’s ‘AAA’ Rating
The Islamic Development Bank (IsDB) has once again demonstrated its financial prowess, securing a “AAA” credit rating with a “Stable …
Fitch Affirms ‘A’ Rating for Qatar International Islamic Bank with Stable Outlook
Fitch Ratings, a leading global credit rating agency, has recently reconfirmed the Long-Term Issuer Default Rating (IDR) of Qatar International …
Islamic Banks Constitute 21% of UAE’s Gross Domestic Credit in the UAE
KUALA LUMPUR: The UAE banking industry has shown remarkable growth in 2024, with Islamic banks playing a crucial role. The Central Bank of the UAE …
SAMA Regulations Enhance Transparency in Saudi Islamic Banking
The Saudi Central Bank (SAMA) has rolled out a series of regulations from 2020 to mid-2024 that have notably enhanced the transparency and Shariah …
Bangladesh Hosts Shariah Audit Training for Islamic Banks
The five-day training course on “Shariah Audit of Islamic Banking Operations,” jointly organized by the Central Shariah Board for Islamic Banks of …
Bank Nizwa Collaborates with Endowment Institutions to Boost Waqf Projects
Muscat: In a strategic move to bolster the Islamic financial sector in Oman, Bank Nizwa, the leading Islamic bank in the Sultanate, has formalized …
ICB Islamic Bank Faces Challenges in Repaying Depositors
ICB Islamic Bank, which emerged from the collapse of Oriental Bank in 2008, is currently grappling with a severe liquidity crisis that has left it …
Al Baraka Bank Launches ‘Yusr’ Personal Finance with BD10,000 Prize
>Al Baraka Islamic Bank, a pioneer in Islamic finance in Bahrain, has launched an innovative product named ‘Yusr’ Personal Finance. …
Dubai Islamic Bank Pakistan Launches Cutting-Edge Digital Onboarding
In a landmark development for Pakistan’s financial sector, Dubai Islamic Bank Pakistan (DIBP) has launched an advanced digital onboarding service that …