U.S. legal firms file lawsuit against Turkish Islamic bank for supporting terrorism
Three U.S. legal firms have filed a lawsuit against Turkish bank, Kuveyt Türk Katılım Bankası A.Ş., for aiding and abetting…
Islamic Finance
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Bank Nizwa recognized for human capital development and community wellbeing
Bank Nizwa, won two awards at the Global Islamic Finance Awards 2019 recently held in Cape Town, South Africa. …
The IFSB database disseminates data for Islamic Banking systems in member countries, including Libya for the first time
The Islamic Financial Services Board has announced the dissemination of country-level data on financial soundness and growth of the Islamic…
UAE- Emaar inks final terms for $500m sukuk
Emaar Properties on Tuesday said it had signed final terms with the lenders related for the issuance of $500 million…
Bahrain mandates banks for dual-tranche transaction – document
Bahrain has mandated banks for a dual-tranche dollar-denominated bond issue, which would be its first since it obtained a $10…
Slow growth is new norm for Islamic Finance
The global Islamic finance industry will continue to expand at a slower pace in 2019-2020 due to geopolitical and economic…
Global Islamic Financing Market 2019 – Al Rajhi Bank, Abu Dhabi Islamic Bank, Al Baraka Banking, Dubai Islamic Bank, Emirates NBD
The given report is an excellent research study specially compiled to provide latest insights into critical aspects of the Global…
Kuwait's Warba Bank hires banks for dollar sukuk
Kuwait's Warba Bank has hired banks to arrange fixed income investor meetings ahead of a potential sale of five-year U.S.…
Dubai's Emaar Properties sells $500 million 10-year sukuk
Dubai's largest listed developer Emaar Properties is set to raise on Tuesday $500 million from the sale of Islamic bonds,…
UAE to Get Its First Asset-Based Cryptocurrency from The Golden M Group
The Golden M Group has announced to launch a Sharia-compliant cryptocurrency in the Middle East called ‘COIN M.’ This…
GCC banking sector’s total assets grow on higher interest income
The GCC banking sector recorded one of the biggest growth in total assets during Q2-19 that reached $2.23 trillion. Sequential…
Saudi Tadawul expects $3 bln additional inflows from FTSE inclusion – chairwoman
The Saudi Stock Exchange (Tadawul) expects additional passive funds’ inflows worth $3 billion from the remaining phases of inclusion in…