Emirates Islamic, one of the leading Islamic financial institutions in the UAE has appointed Salah Amin as its new chief executive officer.

Amin brings nearly 30 years of experience in the banking industry, having started his career at Emirates NBD Group in 1989. Amin has a solid background in operating businesses, having worked in senior managerial roles including head of branches and head of Corporate Banking Unit before taking on his latest role as executive vice president, head of Corporate Banking Group,"...

The moderate growth in sukuk issuances in the first quarter underpins continued investor interest, but it also points out to structural constraints, inhibiting faster uptake of Islamic bonds as an asset class, according to Fitch Ratings.

The total volume of sukuk rated by Fitch for the three-month period through to March end, stood at $80 billion (Dh294bn), a 6 per cent rise from the figures recorded at the of 2017, the rating agency said in a report"...

Emirates Islamic, a leading Islamic financial institution in the UAE, has launched a personalised banking experience for its UAE nationals across its product portfolio, encompassing lifestyle privileges, fast service and pricing benefits.

For new salaried accounts, the bank is welcoming UAE nationals with a bonus of up to Dh3,000 ($816) and much more. Emarati customers looking to buy a car will benefit from special pricing as low as 1.99 per cent"...

The Islamic banking industry is set to flourish further even in non-conventional markets as the International Monetary Fund (IMF) approved a plan to incorporate Islamic finance into its financial sector assessments of select countries starting from January 1, 2019 to improve regulation in the growing sector.

Under a proposal by the IMF's executive board, guidance issued by the Malaysia-based Islamic Financial Services Board (IFSB) would be incorporated"...