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islamic finance
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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >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......
Continue Reading >Top News
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