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Islamic Finance

07/26/2023

ADIB rings market-opening bell to mark the listing of $750mln AT1 Sukuk on London Stock Exchange main market

The market opening ceremony was graced by a senior representative from the UAE Embassy in the UK, along with senior representatives from ADIB, and other distinguished guests including ADIB’s Group Chief Executive Officer, Nasser Al Awadhi

07/18/2023

ADIB launches UAE’s first long-term, fixed-rate home finance

The new offering provides customers with more property financing options amid a high-rate environment

06/26/2023

KFH - Bahrain announces successful participation at The Ministry of Housing and Urban Planning Finance Exhibition 2023

Highlighted its commitment to providing financial solutions to consumers seeking new social housing finance facilities

06/21/2023

Bank Nizwa takes the lead in promoting Islamic banking principles in Buraimi

Participants had the opportunity to learn about the fundamental principles of Islamic finance, its key features and its role in promoting economic stability and social welfare

06/20/2023

Islamic banks' assets up to $177bln by end of March 2023: CBUAE

The apex bank's statistics reflect an increase in Islamic banks' credit

06/19/2023

IsDB Institute co-organizes Islamic Finance Seminar in Kazakhstan

As part of the official program of the Astana Finance Days 2023

06/19/2023

Sharjah Chamber of Commerce and Industry highlights half-year achievements and future plans

SCCI’s board of directors discusses H1 achievements and calls for enhanced future foresight and technollogical adoption

06/07/2023

Emirates Islamic and Arab payment system Buna partner to facilitate payments and transfers within the Arab region

In line with the bank’s commitment to drive innovation in the Islamic banking sector

06/07/2023

QIB wins ‘Best Islamic Bank’ from Euromoney

"We are pleased to be recognized with this esteemed award in Islamic finance by the Euromoney Magazine."

05/31/2023

Sharjah Chamber of Commerce continues trade mission in India, highlighting Sharjah’s promising investment opportunities

SCCI delegation holds meeting with Federation of Indian Export Organisation

05/29/2023

Ahlibank rewards top performers in retail banking for Q1 achievements

As a follow-up to the recent announcement of its first quarter financial results

05/24/2023

Banking sector is central in supporting development

He said that inflation in the current situation is imported inflation, meaning that its external causes are due to global geopolitical and economic factors.

05/22/2023

Total assets of Islamic banks and windows rise by 10%

The total balance of financing granted by the Sharia-compliant banking entities in Oman engaged in this activity increased by 13.4 percent to reach about OMR5.6 billion.

05/19/2023

Islamic banking growth outpaces conventional banks in the UAE

Sector's liquidity supported by wider availability of Islamic instruments compared to most other countries, Fitch Ratings says

05/16/2023

Saudi Arabia selling two-tranche dollar sukuk

The world’s top oil exporter last tapped the public debt markets in January, raising $10 billion with three-tranche conventional bonds.

05/15/2023

Islamic Development Bank Group signs financing deals worth $5.4b

The signed agreements cover the fields of healthcare, agriculture, food security, small and medium enterprises, education, and humanitarian support.

05/15/2023

IsDB Group Private Sector Institutions organized the 11th Edition of the “Private Sector Forum"

Event held in Jeddah, Saudi Arabia from 11-13 May 2023

05/11/2023

UAE’s Islamic Treasury Sukuk oversubscribed 7.6 times, receives bids worth Dh8.3 billion

Final allocation of Dh550m Sukuk for 2-year tranche, and Dh550m for a 3-year tranche

05/09/2023

Bank Nizwa and Buna partner to offer cross-border payments

Bank Nizwa aims to expand its payment capabilities by leveraging Buna’s digital platform.

05/03/2023

Dubai Islamic Bank to acquire 25% stake in Turkey digital bank

The acquisition is subject to regulatory approvals

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