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…
Islamic Finance
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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…
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…
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…