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…
Islamic Finance
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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…
Dubai Islamic Bank publishes its first sustainability-linked finance facilities financing framework
Showcases the bank’s commitment to sustainability Reinforces DIB’s alignment with UAE’s Net Zero agenda Following the country’s ambitious climate-positive actions,…
ADIB becomes the first bank in the UAE to launch a banking experience on Apple Vision Pro as part of its 2035 vision
Abu Dhabi Islamic Bank has launched Spatial Banking on Apple Vision Pro, marking a significant step in the bank’s journey…
ADIB-Egypt’s strategy, future vision to strengthen its market position are on right track: CEO
Egypt (ADIB-Egypt) is progressing as planned with its strategy and future vision to fortify its market position. This is according…
Al Rayan Bank selects Finastra to upgrade its core banking solution for enhanced Islamic finance services in Qatar
Finastra, a global provider of financial software applications and marketplaces, today announced it has been selected by Al Rayan Bank,…
NBO Muzn Islamic Banking introduces corporate running Wakala Financing solution
The National Bank of Oman Muzn Islamic Banking has launched its innovative Corporate Running Wakala Finance Product, offering a Shariah-compliant…