03/03/2020
Turkey to issue gold-backed bond, sukuk
The bond and sukuk will have a six-month periodic rent rate of 0.5%.
Islamic Finance
03/02/2020
UAE's Gulf Islamic Investments buys New York office building
Firm exploring similar opportunities in Paris
02/21/2020
Islamic Development Bank sells $2bln five-year sukuk - document
The bank, which had began marketing the notes at the high-40s bps over mid-swaps on Tuesday
02/20/2020
Bank ABC Islamic announces 16.5% increase in 2019 year-end net profit to US$37.3 million
The total operating income as well as net profitability has seen double digit growth as compared to 2018.
02/19/2020
Islamic Development Bank trims price guidance for 5-year sukuk - document
The bank, which had began marketing the notes at the high-40s bps over mid-swaps on Tuesday
02/17/2020
Saudi Dar Al-Arkan seeks investors ahead of sukuk offering
A seven-year, US dollar fixed-rate benchmark senior unsecured sukuk offering will follow, subject to market conditions, it said.
02/17/2020
Trade Bank of Iraq posts net profit of $556 million for 2019
The total assets of TBI grew to $29 billion in 2019 thereby recording an increase of 27 percent as compared to 2018.
02/17/2020
Boubyan Bank's Sukuk oversubscribed by more than 6 fold, amounting to USD 4.6 Billion approximately
Issued with the Lowest Profit Rate for a Global Sukuk Issuance from Kuwait
02/17/2020
QIB’s ‘How Money Works’ program reaches 344 students in 2019/2020 academic year
In September 2019, QIB and Injaz Qatar kicked off the second academic year of the 3-year program, which this year targets 400 students from universities
02/13/2020
Riyad Bank hires banks for dollar sukuk issue
The potential debt sale’s purpose is to diversify sources of finance and strengthen the bank’s capital base.
02/12/2020
The IFSB disseminates data of 2019Q3 for Islamic banking systems in member countries
The IFSB Task Force on PSIFIs – comprising representatives from 24 participating jurisdictions - has been importantly committed in facilitating the collection of Islamic banking data.
02/12/2020
Kuwait's Boubyan Bank starts marketing 5-yr dollar sukuk
Boubyan Bank met fixed income investors in Dubai and London ahead of the potential benchmark debt sale, which is expected to close later on Tuesday.
02/12/2020
Fitch Ratings: Sukuk Issuance Rose in 2019 as Diversification Continues
Long-standing structural impediments to growth remain although, as more corporates tap the sukuk market, potentially including those with weaker credit profiles, legal precedents could eventually be set clarifying creditor treatment in a default.
02/11/2020
Maybank Islamic opens first overseas branch in DIFC
The establishment of the first overseas office of Malaysia's largest Islamic bank in Dubai is an acknowledgement of Dubai's pivotal role at the heart of the Islamic economy and the strong advantages it offers institutions who base themselves her
02/10/2020
Dubai Islamic Bank Pakistan posts after tax profit of Rs 3.3 billion
Dubai Islamic Bank Pakistan has also achieved major accolades by winning seven awards globally including the coveted CFA Society Pakistan Excellence Award in the “Best Islamic Bank" category.
02/10/2020
Islamic Arab Insurance Company Posts AED 55 Million Net Profit for 2019
For the first time in the history of SALAMA since listing, the Board of Directors to recommend cash dividend level after final audited financials are released.
02/06/2020
‘Specialised Islamic banks’ to help attract more global businesses to Qatar
“Establishing specialised Islamic banks focused on areas like energy, sustainable investment, and venture capital are anticipated to even attract more international business to Qatar.”
02/05/2020
Trowers & Hamlins expands international banking and finance offering
Hire of partner Bilal Kahlon in Bahrain.
02/04/2020
Dubai Islamic Bank to axe 500 jobs following Noor acquisition
The report comes just days after DIB secured necessary approvals from the relevant regulatory authorities to complete its acquisition of Noor Bank.
02/03/2020
Boubyan Bank continues to provide banking services in Whatsapp via "Msa3ed" for the first time in Kuwait
Boubyan Bank announced the launch of a group of outstanding digital services and products as "Msa3ed" service, the digital personal assistant, has been incorporated with WhatsApp as a part of the bank's constant endeavors to provide custome