New platform using data technology blockchain may boost GCC sukuks, says S&P report
The new platform for sukuk issuance and management using data technology blockchain could boost GCC issuance volumes over time, S&P…
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Islamic banking software market maintains strong growth momentum
The global market for Islamic banking software is poised to grow by $416.83mn over the period from 2020 to 2024…
Sharjah's Invest Bank to tap reserves to offset Dh.2.2b accumulated losses
Sharjah’s Invest Bank will dip into its reserves to offset the Dh2.2 billion in accumulated losses sustained by it. …
QNB Group and Mastercard undertake first successful international payment transaction in Sudan
QNB Group, the largest financial institution in the Middle East and Africa, becomes the first bank in Sudan to have…
Islamic finance to grow at slower pace in 2020-21: S&P
The global Islamic finance industry will show at best stable total assets or low-single-digit growth in 2020-2021 after strong performance…
Dubai Economy, CBD offer banking services for traders
Dubai Economy and Commercial Bank of Dubai have joined hands to provide exclusive banking services for DED Trader licence holders.…
COVID-19 will permanently change the way wealth managers deliver advice and serve clients in the Middle East
Covid-19 will fundamentally change the way the Wealth Management industry in the Middle East operates, according to a new report…
Has the Fed Cancelled Bankruptcy? – Sanctum Wealth Management
The Fed risks creating distorted signals with its bond support program Hertz in bankruptcy raises equity!! Investors increasingly have…
Kuwait’s SWF witnesses steady growth despite crisis globally
In the recent days, many questions have been raised about the sovereign wealth fund (SWF) of Kuwait, and whether it…
Dubai International Financial Centre Invests in Innovative FinTech Start-up Companies
Dubai International Financial Centre (DIFC), a leading international financial centre and top international business hub in the Middle East, Africa…
Dubai outlines plans to unify legal framework for Islamic finance
The chief executive of Dubai Islamic Economy Development Centre outlined the phases for the development of a unified legal framework…
Northern Trust Selected by Sancta Capital to Provide Institutional Brokerage and Global Custody Services
Northern Trust has been selected by Dubai-based asset manager Sancta Capital Advisors (Sancta Capital) to provide brokerage and global custody…