ISLAMIC FINANCE

07 Apr 2014

ADIB Egypt registers first positive net income since 2007


Abu Dhabi Islamic Bank (ADIB) in Egypt announced its financial results for 2013, reporting its first positive net income since 2007 with EGP 103m. In 2012, the bank’s net income recorded EGP 855m.


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31 Mar 2014

Faisal Islamic Bank to participate in CBE housing initiative


Faisal Islamic Bank will participate in the Central Bank of Egypt’s (CBE) mortgage finance initiative, the bank’s chairman, Mohammed bin Faisal bin Abdulaziz Al Saud, said Saturday.


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14 Mar 2014

A.M. Best Affirms Ratings of National Takaful Company (Watania) PJSC

A.M. Best has affirmed the financial strength rating of B+ (Good) and issuer credit rating of "bbb-" of National Takaful Company (Watania) PJSC (Watania) (United Arab Emirates). The outlook for both ratings remains stable.


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