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Islamic Banking
ruya Launches Shari’ah-Compliant Commodity Murabaha With DDCAP Group
In a significant step towards innovation in Islamic banking, the UAE's pioneering digital-first Islamic bank, ruya, has joined forces w...
Madinah Governor Prince Salman Inaugurates 45th AlBaraka Islamic Economics Symposium On Future Aspirations
Prince Salman bin Sultan inaugurates the 45th AlBaraka Islamic Economics Symposium, highlighting Saudi Arabia's commitment to Islamic b...
Islamic Finance To Outpace Conventional Banking In The GCC, Moody's Forecasts
Moody's Ratings has projected that Islamic banks in Gulf Cooperation Council (GCC) nations will maintain robust profitability over the ...
Emirates Islamic Pioneers Fractional Sukuk For Enhanced Investor Access
Emirates Islamic introduces Fractional Sukuk, allowing investors to access Sukuk markets with a minimum investment of USD 25,000. A gam...
Emirates Islamic Finalises US$500 Million Shariah-Compliant Financing Facility
Emirates Islamic finalises a US$500 million Shariah-compliant financing facility, marking a significant stride in Islamic banking and s...
UAE Islamic Banking Assets Exceed AED700 Billion For The First Time In 2023
Islamic banking assets in the UAE reached a milestone of AED703.1 billion at year-end 2023, marking an annual increase of 11.5%....
Ajman Bank Teams Up With KPMG To Craft ESG Framework, Aiming For Sustainability
Ajman Bank partners with KPMG to develop its inaugural ESG Framework, aligning with UAE's sustainability goals and Islamic banking prin...
Ruya Digital Islamic Bank Debuts In UAE With A Vision For Future Finance
Ruya, a new digital-native Islamic bank, launches in UAE with a focus on combining technology with Islamic finance principles for a sea...
Emirates Islamic Announces Record-Breaking Net Profit Of AED2.12 Billion In 2023
Emirates Islamic announces a 71% increase in net profit for 2023, reaching AED2.12 billion, showcasing strong growth and resilience in ...
UAE Climbs to Fourth Spot in Global Islamic Finance, Assets Hit AED 16.5 Trillion
The UAE ranks as the world's fourth largest Islamic finance market with assets reaching AED 16.5 trillion, showcasing an 11% growth in ...
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