Saudi National Bank issues 5-year riyal sukuk worth $461mln at 6%
Saudi National Bank issued 1.73 billion Saudi riyals ($461.3 million) in SAR-denominated Additional Tier 1 sukuk at a profit rate…
Islamic Finance
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Dubai Islamic Bank launches third cohort of Emirati Development Program
Dubai Islamic Bank, the largest Islamic bank in the UAE, has launched the third cohort of its Emirati Development Program,…
QIB Named Islamic Bank of the Year in the Middle East by The Banker
Qatar Islamic Bank has been named Islamic Bank of the Year in the Middle East by The Banker (Financial Times…
Qatar Islamic Bank mandates for USD 5-year sukuk
Qatar Islamic Bank , rated A1 by Moody’s / A by Fitch, has mandated banks to arrange a USD-denominated Reg…
Islamic banking in Egypt surges to EGP 1.08trn in March 2025
The volume of Islamic banking in Egypt reached EGP 1.079trn in March 2025, marking a year-on-year increase of EGP 379bn…
Abu Dhabi's Mubadala sells $1bln in 10-year sukuk
Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year U.S. dollar-denominated Islamic bonds, or sukuk, in its…
Islamic Treasury sukuk auction for May 2025 attracts bids worth AED 6.93bln
The Ministry of Finance and in collaboration with the Central Bank of the UAE as the issuing and payment agent,…
Trends in Islamic Investment and Finance Structuring in Focus
Jersey Finance, in collaboration with the Bahrain Institute of Banking and Finance (BIBF) and Trowers & Hamlins, hosted a successful…
The Middle East’s best Islamic real-estate deal 2025
ROSHN’s latest financing breaks new ground for Saudi Arabia’s property sector. The developer secured a SR9 billion (about $2.4…
Standard Chartered: “Global Islamic Finance Assets to Surpass USD 7.5 Trillion by 2028”
Standard Chartered has released its comprehensive report “Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts.” The report projects global Islamic…
Saudi Bank Albilad mandates banks on USD-denominated AT1 sukuk
Saudi Arabia’s Bank Albilad has mandated banks to arrange a USD-denominated Additional Tier 1 (AT1) sukuk issuance by way of…
Khaleeji Bank announces 7.81% increase in net profit attributable to shareholders for Q1 2025
Khaleeji Bank has announced its financial results for the period ended 31st March 2025. The Bank achieved a net profit…