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
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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…
Qatar ranks top in GCC Islamic banks’ liquid asset ratio
Qatar’s Islamic banks have the highest liquid asset ratio among GCC countries in the period between 2016 and 2018. …
Bahrain records 1st place in Islamic finance development
According to the seventh and latest annual Islamic Finance Development Indicator, Bahrain has crowned the entire Mena region for Islamic…
Khalid Hamad appointed on IRTI Board of Trustees
The Central Bank of Bahrain announced the selection of Mr. Khalid Hamad Abdul-Rahman Hamad, the Executive Director of Banking Supervision,…
KIB records KD 12.8 million net profits
Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank announced that the Bank reported a net profit attributable to shareholders…
Standard and Poor's Global confirms Boubyan Bank's long-term issuer credit rating at "A/Stable"
Boubyan Bank has made a new achievement, adding to its successes over the past years, as Standard & Poor’s Global…
Imdaad secures Abu Dhabi Islamic Bank FM contract
Imdaad, a Dubai-based group of companies that provides integrated, sustainable facilities management services that enhance operational efficiencies of physical assets,…
Bahrain ranked first in MENA by Islamic Finance Development Indicator for seventh consecutive year
Bahrain has topped the entire MENA region for Islamic Finance development, according to the seventh and latest annual Islamic Finance…
Islamic Development Bank to raise $500m via debut green sukuk
The Islamic Development Bank is planning to launch its first green sukuk this month, having finalised a Sustainable Finance Framework…
Consumer spending in Islamic economy sectors totals $2.2 trillion
Dubai Islamic Economy Development Centre, has announced the results of the State of the Global Islamic Economy Report 2019/20. …