Islamic banking
Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans
Oman’s credit reaches $81.56 billion in July 2024, marking 3.8 percent yearly increase: Central Bank
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent
The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors
The oversubscription highlighted the bank's financial strength and prudent management
Islamic banking now constitutes 5 percent of the total banking sector in Egypt
The listing's order book exceeded $2.10 billion, which reflects an oversubscription rate of 2.8 times
The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month
Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk
According to the report, this growth is primarily due to strong demand from the public and the popularity of Islamic products
