Pakistan government to impose Rs80bn additional taxes on banking companies June 13, 2022 KARACHI: The rate of tax applicable to the taxable income of banking companies is proposed to be enhanced to 45 per cent from 35…
QInvest and QIC partner to venture in Islamic asset management space April 10, 2022 DOHA, QATAR: Qatar Insurance Company (QIC) and QInvest LLC, Qatar’s leading investment bank, are joining forces to create a Qatar-based national champion in the…
Al Salam Bank’s bid to acquire Ithmaar’s consumer banking division approved March 21, 2022 MANAMA, BAHRAIN: Al Salam Bank announced that the acquisition of Ithmaar Bank’s consumer banking division and a number of other assets in a transaction…
IFID 2022 announces BisB as exclusive banking partner February 5, 2022 MANAMA: The 3rd Islamic Finance Innovation Day (IFID) Forum announced Bahrain Islamic Bank (BisB) as the Exclusive Banking Partner. Taking place in the Kingdom…
meem by Gulf International Bank Wins “Best Islamic Digital Bank 2021” September 27, 2021 MANAMA: Gulf International Bank B.S.C. (GIB) announced that meem, its digital retail banking arm, has been named “Best Islamic Digital Bank 2021” at the…
ADIB launches world’s first Islamic digital proposition for youth August 24, 2021 ABU DHABI, UAE: Abu Dhabi Islamic Bank (ADIB) has officially unveiled ‘Amwali’, world’s first Islamic digital proposition targeting youth between the age of 8…
Governor State Bank Reza Baqir appointed Chairman of General Assembly of Islamic Financial Services Board June 11, 2021 KARACHI, PAKISTAN: Governor State Bank of Pakistan (SBP), Dr. Reza Baqir is appointed as the Chairman of the General Assembly of Islamic Financial Services…
Moody’s re-affirms Qatar Islamic Bank’s A1 rating with stable outlook May 30, 2021 DOHA, QATAR: Moody’s Investors Service has reconfirmed the long-term deposit rating of Qatar Islamic Bank (QIB) at A1, with a stable outlook, a news…
Moody’s confirms Qatar International Islamic Bank rating at A2/Prime-1 May 16, 2021 QATAR: Qatar International Islamic Bank (QIIB) has announced that Moody’s has confirmed the credit rating at A2 / Prime-1 with a stable outlook. Moody’s…
Dubai Islamic Bank closes lowest-ever pricing on an AT1 sukuk from the GCC April 15, 2021 DUBAI: Dubai Islamic Bank PJSC (DIB), rated A3 by Moody’s and A by Fitch, successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs…