ICD, AAB sign $10m deal to support SMEs in Uzbekistan
The Islamic Corporation for the Development of the Private Sector signed with Asia Alliance Bank a $10 million Line of…
Islamic Finance
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Top Islamic finance institutions vie for WIBC awards
Top performing Islamic Financial Institutions from the Middle East, Asia, Europe and Africa are vying for the WIBC Leaderboard Awards…
Dubai Islamic Bank secures regulatory clearances for Noor acquisition
Dubai Islamic Bank the UAE’s biggest Islamic Bank on Monday said the bank has secured the regulatory clearance from the…
Al Fulaij: National Bank of Kuwait looks to diversification
Kuwait is in an excellent position to grow with low break even oil price and high income CBK was proactive…
Al Salam Bank-Seychelles appoints Chairman
Al Salam Bank-Seychelles had announces the appointment of Alhur Mohammed Al Suwaidi as Chairman of the Board of Directors. …
IFDI 2019 witnesses shifting dynamics in Islamic finance
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector development arm of the Islamic Development…
LIBOR transition a challenge for small portion of sukuk market: Fitch Ratings
The transition to new risk-free rates creates challenges for the small portion of the sukuk market that reference legacy IBORs,…
UAE's largest Shariah-compliant bank is about to get bigger: Dubai Islamic board to meet Nov 25 re Noor Bank acquisition
The board of Dubai Islamic Bank will meet on November 25 to discuss the acquisition of Noor Bank, it said…
Saudi mall operator Arabian Centres sells $500 mln debut Islamic bonds
Saudi mall operator Arabian Centres is set to raise $500 million with a debut issuance of international Islamic bonds, or…
Wethaq launches first fintech Sukuk on its market infrastructure using SWIFT gpi Link
Wethaq has announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital…
Islamic finance becoming a global force, says report
With global assets of currently more than $2.4tn and a forecast of 7.7% compounded growth per year to reach $3.8tn…
Dubai Islamic Bank Successfully Closes Landmark USD 750 Million Sukuk
Dubai Islamic Bank PJSC rated A3 by Moody's and A by Fitch (both stable), successfully closed a USD 750 million…