Dubai Investments unit said to hire HSBC, Citigroup for sukuk
Dubai Investments’ property unit hired HSBC Holdings and Citigroup to sell Islamic bonds early next year as it seeks to…
Islamic Finance
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Malaysia's MIDF said to mull merger with Saudi's Al Rajhi
Malaysian Industrial Development Finance, the state-backed lender, is exploring a combination with the local unit of Saudi Arabia’s Al Rajhi…
Saudi banks close to deal with authorities on Islamic tax: sources
Saudi Arabian banks are expected to reach a deal with Islamic tax authorities before the end of the year to…
Liquidity squeeze hits sukuk sector
Shrinking liquidity as central banks rein in years of ultra-loose monetary policy is crimping both demand for sukuk as well…
Dubai Financial Market updates Sharia standards
Bourse became the world’s first Sharia-compliant exchange in 2007 The Dubai Financial Market (DFM) has published updated Sharia standards…
Dubai Islamic Bank triumphs at Islamic Banking Business and Finance Awards 2018
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance…
National Bank of Fujairah Awarded 'Best Islamic Window – UAE' at the Islamic Business and Finance Awards 2018
NBF announced today that NBF Islamic has retained the prestigious accolade “Best Islamic Window – UAE” for the third consecutive…
Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018
Dubai Islamic Bank, the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance Awards,…
Aljazira Capital launches Systematic Investment Program
Aljazira Capital, a pioneer in brokerage services in the Saudi market, has launched a Shariah-compliant Systematic Investment Program. The…
Fitch forecasts ‘stable’ outlook for GCC Islamic banks in 2019
Stronger economic growth, led by higher oil prices, and its expected contribution to credit fundamentals have encouraged Fitch, a global…
DFSA signs MoU with Bank Negara Malaysia
The Dubai Financial Services Authority has entered into a Memorandum of Understanding with Bank Negara Malaysia, the country’s central bank,…
Saudi Arabia’s ICD Bank Announces Blockchain Powered Islamic Banking Solutions
The Saudi media reported that the Islamic Corporation for the Development of the Private Sector is planning to develop sharia-compliant…