Bank Muscat and AXA Gulf offer Unique Savings and Investment Plans
In line with its vision ‘To serve you better, everyday’ and its commitment to innovative products that cater to the unique needs of its customers, Bank Muscat has announced the availability of class-leading retirement and children’s education plans through its strategic tie-up with AXA Gulf, o
Saudi Lender Stock Rises to Record After Capital Plan
Al Rajhi Bank shares surged to a record after the second-biggest Saudi Arabian lender rolled out a $4 billion plan to grow its business. The Riyadh-based bank will offer 3 bonus shares for every 5 held, according to a statement. That will raise its capital to 40 billion riyals ($10.7 billion) from 2
France’s SocGen Quadruples Profit
Societe General, France’s third-largest listed bank, reported a near quadrupling of fourth-quarter profit on lower pandemic-related charges and a rebound in retail banking and equity trading. The bank’s quarterly net income jumped to 1.79 billion euros ($2.05 billion) from 470 million eu
Credit Suisse ends Year with US $ 2.2 B Quarterly Loss
Credit Suisse posted a fourth-quarter net loss of 2 billion Swiss francs ($2.2 billion), hurt by provisions to settle its investment bank’s legal costs and a slowdown in business for its trading and wealth management divisions.
Bank Muscat Board of Directors proposes 35 per cent dividend for 2021
Bank Muscat, the flagship financial services provider in the Sultanate, has proposed a 35 per cent dividend for the year 2021. The meeting of the Board of Directors chaired by Sheikh Khalid bin Mustahail Al Mashani, Chairman, on Wednesday 26 January 2022, approved the 2021 financial results and divi
Learn Financial Planning and Budgeting with Bank Muscat
Bank Muscat launched its free Maliyat financial literacy program in 2019 to enable people in Oman improve their financial literacy, knowledge, manage their income, and also save and invest wisely. The program has seen a steady growth in the number of participants and in 2021, the bank launched an up
ITFC extends US $ 15 M Line of Financing Facility to Uzbek Industrial and Construction Bank
The International Islamic Trade Finance Corporation (ITFC), signed a trade finance agreement with Uzbek Industrial and Construction Bank for a total amount of US $15 Million. This will provide Uzbek Industrial and Construction Bank the needed funding to meet the growing demand for Shari’ah Complia
ITFC TOPS BLOOMBERG 2021 GLOBAL ISLAMIC FINANCING LEAGUE TABLES
International Islamic Trade Finance Corporation (ITFC) has emerged on top of the Bloomberg 2021 Islamic Financing League Tables as the Global leader as Bookrunner and Mandated Lead Arranger (MLA). The 2021 Global Islamic Financing League Tables released by Bloomberg showed that ITFC is the top Bookr
ITFC Tops Bloomberg 2021 Global Islamic Financing League Tables
International Islamic Trade Finance Corporation (ITFC) has emerged on top of the Bloomberg 2021 Islamic Financing League Tables as the Global leader as Bookrunner and Mandated Lead Arranger (MLA). The 2021 Global Islamic Financing League Tables released by Bloomberg showed that ITFC is the top Bookr
Ithmaar Bank empowers customers with new self-service machines at Seef Mall and Arad Branches
Ithmaar Bank, a Bahrain-based Islamic retail bank, has installed self-service banking machines at its Seef Mall and Arad branches, offering customers a whole new digital banking experience.The new technology automates a range of transactions, such as printing account and cards’ statements, printin