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Islamic Finance
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NBO Muzn Islamic Banking Sorouh initiative with three strategic MoUs
NBO Muzn Islamic Banking has announced signing Memorandums of Understanding (MOUs) with three leading real estate developers to facilitate Shari’a-compliant…
GCC Islamic banks to witness more M&A activity in 2025
Islamic bank mergers and acquisitions are expected to rise in the GCC in the short to medium term, driven by…
Bank Nizwa signs MoU with Knowledge Oman
Reaffirming its dedication to raising awareness of Islamic finance and engaging meaningfully with the community, Bank Nizwa, the leading and…
Madinah forum to discuss Islamic finance progress
Under the patronage of Madinah Gov. Prince Salman bin Sultan, Al-Baraka Islamic Economics Symposium will be held on Wednesday under…
BBK and Solidarity sign BD58 million Islamic Murabaha financing deal
Bank of Bahrain and Kuwait, a leading retail and commercial bank in Bahrain, has entered into a BD58 million Islamic…
Qatar International Islamic Bank recommits to Misys
Qatar International Islamic Bank (QIIB), a long-standing customer of Misys, is implementing the new version of the vendor’s core system…
Emirates Islamic successfully issues $750mln 5 year Senior Unsecured Sukuk
Emirates Islamic has successfully issued a USD 750 million Senior Unsecured Sukuk on 18th March 2025. This latest landmark issue…
Gulf banks seal refinancing trades
Two Gulf banks breezed through the US dollar primary market on Tuesday, one issuing sukuk, the other in conventional format…
Gulf Islamic Investments to double investment in the US
Gulf Islamic Investments group aims to double its existing portfolio of $750 million in the US through new investments in…
Islamic Finance Shows Potential in Central Asia as GCC Ties Deepen
Kazakhstan and Kyrgyzstan could lead Central Asian Islamic finance industry growth over the medium-to-long term, although the industry is likely…
Islamic treasury sukuk auction for February 2025 attracts bids worth AED 7.1bln
A Yield to Maturity (YTM) of 4.18% on reopening of the August 2028 maturity bond and 4.21% on the reopening…