Islamic banks

Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking. Fitch Ratings, in its latest report, expects the UK’s Islamic…
Read More...

Islamic banks in Oman reported total assets of about 7.5 billion Omani riyals ($19.5 billion) by the end of April, a 13.2 percent increase from the previous year. According to official data, this represents 17.7 percent of the country’s…
Read More...

Regulations implemented by the Saudi Central Bank from 2020 until the end of the first half of this year have enhanced Islamic banks’ transparency and Shariah governance, an analysis revealed. According to a report by Fitch Ratings,…
Read More...

UAE Islamic banks saw their asset values rise to 703 billion dirhams ($191.4 billion) by the end of 2023 in what was an 11 percent annual increase, official data showed. Figures released by the Central Bank of the UAE revealed this was a…
Read More...