 |
Abu Dhabi banks’ net income tops $2bn during Q1The net income of Abu Dhabi-based commercial and Islamic banks amounted to around Dh7.9 billion ($2.15 billion) during the first quarter (Q1) of the year, up 2.8 per cent over the corresponding period of 2017, a media report said. More… |
 |
Al Baraka Banking Group's Q1 net income up 11pcAl Baraka Banking Group (ABG), a leading Bahrain-based Islamic banking group, has reported a 11 per cent growth in its net income for the first quarter which rose to $57 million compared to $52 million for the same period last year. More… |
 |
Al Salam Bank-Bahrain takes over BMI businessAl Salam Bank-Bahrain (ASBB), one of the pioneering Shari’a-compliant banks in the kingdom, has announced that it has successfully taken over the entire business of its subsidiary BMI Bank. Pursuant to the Resolution No. (22 More… |
 |
DIB launches Panin Dubai Syariah Bank in IndonesiaDubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has celebrated the launch of Panin Dubai Syariah Bank in Indonesia. Following regulatory approvals in 2015, Dubai Islamic Bank acquired almost 40 per cent in PT Bank P More… |
 |
Ithmaar Bank launches new services for customers with special needsIthmaar Bank, a Bahrain-based Islamic retail bank, has introduced additional new services at its main branch for customers with special needs. The new services, which were introduced before the end of last year on the request of the Cen More… |
 |
Ithmaar wins WIBC award for top Islamic bankIthmaar Bank, a Bahrain-based Islamic retail bank, was singled out among the world’s Islamic banks for a prestigious international award in recognition of its corporate social responsibility and financial disclosure. The ind More… |
 |
Abu Dhabi, Bahraini firms to set up $100m Islamic bankAbu Dhabi Financial Group (ADFG) and Bahrain's GFH Financial Group are jointly setting up an Islamic bank in Abu Dhabi's new financial free zone with initial capital of $100 million, ADFG's chief executive told Reuters on Monday. More… |
 |
Al Baraka eyes French, Indonesian marketsBahrain's Al Baraka Islamic Bank plans to open a sharia-compliant bank in France next year as the lender seeks to expand into Europe, its chief executive Adnan Ahmed Yousif said on Sunday. France has one of the largest Muslim More… |
 |
Tadhamon exits investment in UK schoolTadhamon Capital, the Bahrain-based investment arm of Tadhamon International Islamic Bank, announced the successful exit from its investment in Coxlease School in Lyndhurst, Hampshire, UK. The school is a specialist residential ed More… |
 |
Sudanese lender to open Bahrain branchSudanese Bank of Khartoum, has launched its first overseas branch office in Bahrain. The new entity, known as Bank of Khartoum International (BOK-I), was recently awarded the Islamic banking licence by the Cent More… |
