Banking & Finance

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Since 2001, S&P has only seen 20 international sukuk from issuers outside of Malaysia or the GCC (File Archive/Shutterstock)
April 21, 2014 - 13:00 GMT
Islamic finance is increasingly labeled as the future of finance, but the sukuk market largely remains outside of mainstream markets globally.

August 1, 2011

Jamal bin Ghalaitha, Group Deputy CEO, Emirates NBD
10:21 GMT
(press release)

Emirates NBD Asset Management Limited announced high dividend distributions on its income range of funds for the first half of 2011.

Gulf Finance House
10:11 GMT
(press release)

Gulf Finance House (GFH), in partnership with Gürmen Group, has acquired Adabank in Turkey for US$ 75 million

Mashreq
09:43 GMT
(press release)

Mashreq, one of the UAE’s leading financial institutions announced the launch of its Ramadan Drive in association with Beit Al-Khair Society, a humanitarian beneficial entity established in 1989.

ADIB Stand
09:42 GMT
(press release)

Abu Dhabi Islamic Bank announced today the launch of its Financial Health Check program as part of its financial education campaign in the UAE.

Mohammed AlMazemi, General Manager Branch Sales and Services, Standard Chartered UAE
08:54 GMT
(press release)

Standard Chartered has announced that it has been awarded “Best Consumer Internet Bank – UAE” and “Best in Social Media – Regional Sub-category winner”.

July 31, 2011

Muneera Al Mukhaizeem, Burgan Bank’s Chief Retail Banking Officer, General Manager
14:06 GMT
(press release)

Burgan Bank announced today an exclusive tie up for its debit and credit cardholders which offers a wide range of discounts on cosmetic, fragrances, kitchen and household wares from Fayasel.

Majed Essa Al-Ajeel, Burgan Bank’s Chairman
13:26 GMT
(press release)

Burgan Bank today announced first half 2011 net profit of KD 25.3 million for the period ended June 30th 2011.

Abdulehah AlKindy, General Manager – Retail Banking, Emirates NBD
10:43 GMT
(press release)

Emirates NBD has introduced lower interest rates on all personal loans to UAE Nationals during the Holy Month of Ramadan.

Visa
10:07 GMT
(press release)

According to a recent survey conducted on behalf of Visa, over half of Egyptians spend more money during the month of Ramadan than any other month of the year.

Barclays Corporate
09:56 GMT
(press release)

The banking sector in the Middle East will become more competitive over the coming two years according to the annual Barclays Corporate Global Banking Survey.

MasterCard
08:32 GMT
(press release)

MasterCard released the MasterCard Worldwide Index of Global Destination Cities, an index that gives a look at how the world’s biggest cities are connected.

Abdel Hamid Shoman, Chairman of Arab Bank
08:27 GMT
(press release)

Arab Bank announced that group net profits after tax increased by 13% in the first six months of 2011 from $289.5 million to $327.2 million despite the prevailing conditions in the region.

Yahya ALyahya, GIB CEO
08:24 GMT

Gulf International Bank reported consolidated net income after tax of $62.4 million for the six months ended 30th June 2011 being $6.1 million or 11 per cent up on the comparable prior year period.

Jordan Ahli Bank facebook page
07:56 GMT
(press release)

Jordan Ahli Bank recently launched its official pages on Facebook, Twitter and YouTube.

Mohammed Ibrahim Al Shaibani, Director-General of His Highness The Ruler’s Court of Dubai and Chairman of DIB
06:58 GMT
(press release)

Dubai Islamic Bank announced its financial results for the first half of the year ending June 30, 2011, demonstrating continued strong growth in the bank’s core operations.