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bank nizwa signs mou

Bank Nizwa signs MoU with Imam Jabir Bin Zaid Waqf Foundation

Bank Nizwa signed a Memorandum of Understanding (MoU) with Imam Jabir Bin Zaid Waqf Foundation to help them enhance their marketing and communication services....

GCC and Malaysia to drive Islamic finance growth

Islamic finance is set to keep expanding in 2020 and beyond as the Gulf Cooperation Council (GCC) countries and Malaysia help drive growth in...
ahli bank oman

Ahli Bank participates in the SQU and the Economic Research Forum Conference

Ahli Bank recently participated in the Conference – ‘GCC in the Midst of Global Changes – responding to new economic order’. The conference was...
bank nizwa meed awards

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...
banking finance

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...
Saudi USD sukuk

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 bank; noor bank; dubai

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...