13/12/2009 00:00 AST

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Muslim banking rules, arranged a 200 million-dirham ($54.5 million) financing facility for International Capital Trading.

The Islamic facility is to fund a real-estate project, the bank said today in an e-mailed statement. International Capital Trading is a private investment company based in Abu Dhabi.


ADIB board to meet October 22 to approve results


Abu Dhabi Islamic Bank said on Monday it plans to hold a board meeting on October 22 to discuss and approve its third-quarter results.

The meeting will discuss ordinary corporate matters tha


ADIB Leads FinTech Discussion At SME StartUp Academy Forum


Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has partnered with StartUp Academy on an event to apprise small and medium-sized enterprises (SMEs) of how they can harness the latest

Abu Dhabi City Guide

Abu Dhabi Islamic Bank says its ramping up spending on digital tech.


Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the Emirate, said it is planning to earmark significant financial resources on digital technology this year as banks in the UAE race to

The National

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Al Salam Bank-Bahrain and AFS Sign partnership agreement


AFS, the region’s leading FinTech enabler, and payment services provider, and Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the Kingdom, signed an MOU to roll out a Digital

Press Release

How Saudi Arabia Is Building Its $2 Trillion Fund


Saudi Arabia is stepping up plans to turn its sovereign wealth fund into a global giant. This week, it’s holding a coming-out party of sorts for the Public Investment Fund, which is central to the go


Oman Arab Bank opens Qurum branch


Oman Arab Bank (OAB) has officially opened their new flagship branch located in Qurum. The new branch relocated from its previous location in the Al Araimi complex to a more prominent and easily acce

Times of Oman

Bank Muscat's Izdihar Real Estate Fund acquires prime property in Bura


Izdihar Real Estate Fund (Izdihar), managed by Bank Muscat, has announced the acquisition of a prime property in the Wilayat of Buraimi. The Buraimi Mall is the only mall of its kind in Buraimi offe

Times of Oman

Nakilat records QR607m profit for first 9 months


Nakilat recorded a net profit of QR607m for the first nine months of the year, compared to QR749m reported a year ago.

The lower profit was mainly attributed to the effect of changing the es

The Peninsula