ISLAMIC FINANCE

February 13, 2019

Indonesia Islamic banks sees sector tyaking off on halal

With demand for financial products conforming to Islamic principles soaring, Shariah banking in Indonesia is poised for a phase of rapid growth, according to the nation’s largest Islamic bank.
Shariah banking assets have broken out of the “5% market trap” that it"...

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February 5, 2019

Customer financing lifts ADIB

Abu Dhabi Islamic Bank (ADIB) reported on Monday 8.7 per cent rise in 2018 net profit to Dh2.5 billion compared to Dh2.3 billion in the previous year, driven by a growth in customer financing and an improvement in provisioning.

The"...

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January 24, 2019

KFH, Al-Ahli banks merger to begin

KUWAIT CITY, Jan 23: Kuwait Finance House has notified the Central Bank of Kuwait and Capital Markets Authority (CMA) about its Board of Directors meeting next Thursday prior to the start of formal procedures for the merger process with Al-Ahli United Bank, reports Al-Qabas daily.

...

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January 20, 2019

Kuwait's Awqaf Minister: Zakat House pride for Kuwait, its people

Kuwaiti Minister of Awqaf and Islamic Affairs and Minister of State for Municipal Affairs Fahd Al­Shula said on Saturday that Kuwait's Zakat House is the pride of Kuwait and its people, thanks to its humanitarian and charity work.

This"...

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