Govt plans to raise $1b from int’l market by issuing Sukuk bonds
Pakistan has planned to raise at least one billion dollars from international market by issuing Sukuk bonds in next couple…
Islamic Finance
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Qatar- QFC joins Islamic Financial Services Board as associate member
The Qatar Financial Centre (QFC) has been admitted to the international standard-setting organisation, the Islamic Financial Services Board (IFSB), as…
Islamic finance contracts estimated to reach $2.5tn by end of 2019, says Qicca official
The value of Islamic finance contracts is estimated to reach $2.5tn by the end of 2019 and is expected to…
Dubai Islamic Bank narrows losses ahead of expansion
Dubai Islamic Bank (DIB) has narrowed its half-year losses by 11 percent to Sh403 million loss in the first six…
Global Banking and Finance Review Announced Kuwait Finance House Bahrain B.SC. as the Global Banking & Finance Awards winner
Global Banking and Finance Review has awarded Kuwait Finance House Bahrain B.S.C. in recognition for its dedication to providing leadership,…
KFH’s buyout of AUB moves a step closer
Bahrain’s largest lender Ahli United Bank (AUB) has completed due diligence of Kuwait Finance House (KFH) as the Kuwaiti lender…
KFH–Bahrain offers new wealth management products
Bahrain (KFH-Bahrain) has enhanced its portfolio by introducing new and distinctive range of private banking services, as well as innovative…
Emaar hires banks ahead of potential sukuk issuance
Emaar Properties said on Tuesday it has hired banks to arrange the potential issuance of dollar Islamic bonds. Emaar…
BisB Wins Global Business Outlook’s ‘Most Innovative Digital Transformation Initiative’ for the Year 2019
Bahrain Islamic Bank has emerged as the winner of the prestigious ‘Most Innovative Digital Transformation Initiative’ for the year 2019…
Warba Bank gets Kuwait CMA’s nod to issue $500mln sukuk
Warba Bank has received the Kuwaiti Capital Markets Authority's approval to issue sukuk at a value not exceeding $500 million.…
Islamic Development Bank hires banks to raise more than $1 bln in sukuk -sources
The Islamic Development Bank has hired banks to arrange a new issue of U.S. dollar-denominated sukuk, or Islamic bonds, expected…
ADIB introduces tablet kiosks to reduce customer service time
Abu Dhabi Islamic Bank has introduced digital tablet kiosks in its branches that sharply reduce customer service times. ADIB…