UAE Cabinet meeting reviews Islamic finance, tourism and Hajj strategies
Islamic bank
UAE Islamic bank assets grow $23.4bn in a year
UAE’s Islamic bank sector sees massive growth in value of assets
UAE Islamic bank assets reach $169.1bn
Islamic banks operating in the UAE saw a steady increase over the course of the past year
Islamic finance industry to hit $5.9tn by 2026
Islamic finance measured at $4tn in 2021 and is set to grow
ADIB ‘Yusr’ to help customers get 50 percent advance on salary
Customers can access up to a maximum amount of AED50,000 in advance until the next salary transfer
Abu Dhabi Islamic Bank looks to lead UAE’s open banking revolution and boost fintech solutions
Third-party providers such as payment initiators, account aggregators, and other fintechs will now be able to deliver new digital services to meet customer and market expectations using ADIB’s platforms
Sharjah Islamic Bank reveals 13.9 percent increase in net profits to $50.9 million in Q1 2022
Revenues were driven by the UAE’s economic rebound, the bank’s focused customer-centric approach, and multiple new high profit-oriented products, the bank said
Sharjah Islamic Bank increases foreign ownership to 40 percent following regulatory approvals
Sharjah Islamic Bank has witnessed a noticeable and active improvement in the performance of its share price, with the increase of foreign ownership to 40 percent providing an additional incentive to promote the trading of the bank’s shares in local markets
ADIB expands UK footprint, provides over $272m in commercial real estate financing in 2021
The leading Islamic bank closed two UK deals in November alone, elevating its UK portfolio to around $680.6m
Abu Dhabi bank appoints new CEO to drive growth
Abu Dhabi Islamic Bank has announced the appointment of Mazin Manna as its new Group CEO
Emirates Islamic posts record $251m net profit in 2018
Chairman hails performance which sees highest ever recorded net profit since bank’s inception in 2004
Plans revealed to set up new Islamic bank in Dubai
Dubai Investments announces plans to lead a consortium of investors to launch Arkan Bank
Bahrain tops GCC’s Islamic finance league table
Islamic finance assets are projected to reach $3.8 trillion by 2022
More non-Muslims in the UAE turning to Islamic banking – survey
2017 Islamic Banking Index reveals 7% rise in adoption of Islamic products