Qatar Islamic banks looking at overseas expansion: Fitch
Qatari Islamic banks are looking at overseas expansion (including in Morocco and in the UK) as part of strategy to…
Islamic Finance
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Sharjah starts marketing 10-year dollar sukuk – document
Sharjah, the third-largest emirate of the United Arab Emirates, started marketing a 10-year dollar sukuk, or Islamic bonds, at around…
Dubai Islamic Economy Development Centre explores prospects of collaboration in Southeast Asia
Dubai Islamic Economy Development Centre concluded a series of roundtables in Malaysia, Indonesia, and Thailand in collaboration with prominent entities…
Global sukuk issuance falls slightly to $30.6bnGlobal sukuk issuance falls slightly to $30.6bn
Fitch says GCC issuers have continued to access the sukuk market to diversify their funding mix and develop the Islamic…
DIB’s 9-month net profit crosses Dh4 billion
Dubai Islamic Bank the largest Islamic Bank in the UAE, on Tuesday reported nine-month net profit of Dh4.01 billion, up…
DIFC posts 45% solid growth in Islamic assets in 12 months
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa, and South Asia (MEASA) region,…
Saudi Arabia ranks third for competitiveness in MENA
King Salman’s Vision 2030 and the economic and social reforms that the Kingdom has implemented in the last few years…
Path Solutions upgrades Maisarah’s core banking platform for enhanced performance
Path Solutions has announced that Maisarah Islamic Banking Services of BankDhofar has successfully upgraded its core banking platform to the…
UAE's Sharjah emirate hires banks for dollar Islamic bonds
The emirate of Sharjah has hired banks ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds,…
BisB Participates in FinTech Workshops Abroad
Bahrain Islamic Bank, participated in the “The Reality and Future of Financial Technology” forum in Palestine. Ms. Maisa Shunnar, Chief…
International Islamic Liquidity Management Corporation reissues $500mln sukuk
The International Islamic Liquidity Management Corporation has reissued A-1 short term Sukuk amounting to $500 million in two series with…
CBK’s conditional approval for KFH acquisition of AUB
Kuwait Central Bank has agreed with strings attached to Kuwait Finance House’s acquisition of Bahrain’s Al-Ahli United Bank, the country’s…