Tag: islamic banking
Bank Nizwa Named ‘Financial Institute Of The Year’ At Meed Awards
Bank Nizwa has registered yet another milestone in its journey to make Islamic finance mainstream across Oman, after being named ‘Financial Institute of the...
Assets of UAE commercial banks soar to AED 2.457 trillion
The overall assets of commercial banks in the United Arab Emirates swelled to AED 2.457 trillion by the end of September 2019, revealed statistics...
Philippines Plans to Allow Banks to Set up Islamic Banking Units
(Bloomberg) --Bangko Sentral ng Pilipinas is leaning toward allowing local lenders to set up Islamic banking subsidiaries, as it steps up efforts to promote...
Standard Chartered names regional CIO for Africa and Middle East, Islamic Banking
Mohamed Abdel-Hamid Abdel-Razek has been appointed as Standard Chartered's Regional Chief Information Officer (CIO) for Africa and Middle East (AME) and CIO for Islamic...
ADNOC Distribution Shares are now Shari’a Compliant
UAE’s largest fuel and convenience retailer, ADNOC Distribution, today announced that its shares have now been certified as Shari’a-compliant. The move is based on...
Bank Nizwa reports 64% growth in net profit for Q2 2019
Bank Nizwa has reported OMR 4.3 million in net profit representing a 64% growth after tax for the period ended 30 June 2019, making...
Dubai Islamic hires HSBC for Noor Acquisition
(Bloomberg) -- Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to...
ahlibank unveils new brand identity of its Islamic Banking
As a part of its vision to become a leading provider of Islamic banking and finance services in the Sultanate, ahlibank has rebranded its...
Muzn’s Shari’a Supervisory Board Affirms Bank’s Full Adherence To Islamic Principles
Muzn Islamic Banking concluded its first Shari’a Supervisory Board (SSB) meeting for the year on the 20th of March 2018. The SSB reviewed the...
