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ADIB launches world’s first Islamic digital bank

ABU DHABI: Abu Dhabi Islamic Bank (ADIB) today officially unveiled "Amwali" digital bank, the world’s first Islamic digital bank targeting youth between the age...

Afghanistan approves first full-fledged Islamic bank

KABUL: Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the...

Kuwait’s CBK gets approval to raise up to 120 mln dinars via bonds

Commercial Bank of Kuwait, the Gulf state's fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank.
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