Saudi Arabia had the notably greater share of net profit, at 34.3%, followed by Qatar (16.4%), the UAE (12%) and Malaysia (11.8%). Out of the 100 Islamic banks, 42 are from Asia. These banks held 29% of the aggregate total assets of the 100 largest Islamic banks, but only ...
Islamic finance has become an integral part of the financial sector in the UAE due to the presence of a strong regulatory environment that balances regulatory and legal requirements with the provisions of Islamic law. The CBUAE said that the assets of Islamic banks and windows in conventional ...
The CBUAE said that the assets of Islamic banks and windows in conventional banks currently represent 23 percent of total banking assets in the UAE, after achieving a growth of 16 percent over the past five years. The sukuk market is also witnessing an expansion in the UAE, as the federa...
First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Monday announced it has issued the first sukuk globally in 2021. The bank said it has issued the lowest-ever yield on any five-year MENA bank US dollar issuance with its $500 million sukuk. Issued through FAB ...
Bank of America-Merrill Lynch, JP Morgan Chase and Morgan Stanley were joint global coordinators of the offer, and four other banks acted as joint bookrunners. Jason Manketo, US Capital Markets partner at Linklaters, said: “This IPO was not only a milestone for Emaar Malls Group, but also...
The measures target securities connected with EU depository Euroclear The three largest Israeli banks have segregated assets in accounts b
Sultan bin Saeed Al Mansouri, Minister of Economy, has announced that the average value of foreign direct investment, FDI, received by the country in 2016 reached US$9 billion. The UAE’s outgoing international investments also reached $15.7 billion, making the country the largest receiver of ...
UAE Banks Federation and the Central Bank of the UAE have developed all experiments in close collaboration with several strategic partners for this event. The participating organisations included the Cyber Security Counc...
ZHENGZHOU, July 20 (Xinhua) -- Sixty years ago, farmers in China had no tractors to free them from the hard labor of plowing their fields. Thanks to the Belt and Road Initiative, Chinese-developed "metal cattle" are now plowing the global market. ...
Access Holdings, the parent company of Access Bank currently has a UK subsidiary and operates representative offices in China, Lebanon, and India. Its UK subsidiary also operates a branch in Dubai, the UAE. Its current international operations serve corporations and other banks at the institutional...