islamic finance

Jaiz Bank Records N4.2 Billion Unaudited Profits

February 11, 2022

Islamic finance institution, Bank, Jaiz Bank Plc, has said it increased Profit Before Tax (PBT) to N4.21 billion in 2021compared to N3.07 billion in the preceding year. Also, Gross...... Continue Reading >

Islamic banks: 265% growth in net income in 2020

January 24, 2022

(TAP) - The net income of the three Islamic banks operating in Tunisia recorded an exceptional growth of 265% to 62 million dinars (MD) in 2020, against 17 MD in 2019, according to...... Continue Reading >

AD Ports Group and Aqaba Development CorporationSign Multiple Agreements for Development of Tourism, Transport, Logistics and Digital Infrastructure

December 19, 2021

AD Ports Group, a leading facilitator of trade and logistics, has strengthened its regional footprint by signing a number of four strategic agreements and a Head of Terms Agreement (HoT) with the Aqaba Development Corporation...... Continue Reading >

Islamic social financing to support efforts to recover and rebuild from COVID-19 pandemic

May 16, 2021

(TAP) - The United Nations and the Islamic Development Bank (IsDB) launched on Tuesday an initiative to assist finance efforts to recover better as the world continues to grapple with...... Continue Reading >

Net profit of 3 Islamic banks up 154.2% in 2019 (BCT Report)

March 22, 2021

(TAP)-The net profit of the three Islamic banks posted an exceptional rise by 154.2% in 2019, reaching 61 million dinars (MD) against 24 MD, in 2018, according to the 9th annual report...... Continue Reading >

Islamic finance could reach $3.7 trillion in 2024, an opportunity for Africa

January 12, 2021

(Ecofin Agency) - Islamic finance assets could reach $3.7 trillion by 2024, according to an estimate by the Islamic Development Finance Corporation and Refinitiv, the data arm of Reuters...... Continue Reading >

IsDB pledges to continue financial, technical support for Tunisia

December 1, 2020

TAP)– Minister of Economy, Finance and Investment Support Ali Kooli pledged in a virtual meeting Monday with President of the Islamic Development Bank (IsDB) Bandar Bin Mohammed...... Continue Reading >