Islamic finance encompasses Islamic securities (Sukuk), banking, leasing, Islamic insurance (takaful) and financing. Islamic financial markets have been a subject of talks for the past decade. This…

Iranian state television reported that “thieves cut into the vault of a branch of Bank Melli (Persian for National Bank) from a neighboring building in Tehran.” As a result, hundreds of Iranians lost…

With the announcement of Fahad Al Mubarak, Governor of the Saudi Central Bank, about the Kingdom’s intention to license more digital banks, the Saudi banking community should be ready for the…

At the end of July, Saudi banks posted their results in the second quarter for the current year (April through June 2021). The Q 2 earnings are 10 times the ones achieved in the same period last year…

Standard Chartered Bank, a British banking and financial services company founded in 1969, started operation of its first branch in Riyadh, Saudi Arabia, around the middle of last May. The Saudi…