Union Properties to issue AED 500 million Sukuk
UAE-based Union Properties’ (UPP) has announced that the board of directors approved the issuance of AED 500 million Sukuk. …
Islamic Finance
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ADIB becomes first bank to join UAEIIC
Abu Dhabi Islamic Bank a leading financial institution, has joined the UAE International Investors Council making it the first bank…
Bahrain bond-Sukuk spread balloons as investors disagree on credit outlook
The price gap between Bahrain’s US dollar conventional and Islamic bonds has widened to record levels, indicating a sharp disagreement…
Islamic bond issuances set for slowdown in 2018
The global sukuk (Islamic bond) market experienced a significant slowdown in issuance in the first half of 2018, with new…
Bahrain Islamic bank relaunches premium banking services
Bahrain Islamic Bank has announced the relaunch of its Al Thuraya Premium Banking Services with a selection of new unique…
Diversification and FDI drive Sharjah economy
The emirate of Sharjah’s policy of diversification and its success in attracting foreign direct investment is driving the economy towards…
ADIB wins seven EMEA Finance Achievement Awards
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has received an unprecedented sevens awards, across both house and deal…
Mideast risk scares sukuk investors away
Islamic bond sales slumped 15 percent in first half of the year as political risk in the Middle East scared…
Emirates Islamic appoints new CEO as profits soar
UAE-based Emirates Islamic has announced the appointment of former Emirates NBD senior executive Salah Amin as its new CEO. …
Bank of Khartoum increases 2017 capital, maintains IIRA rating
Bank of Khartoum has released its financials for the year 2017 subsequent to its Annual General Meeting of its shareholders.…
Emirates Islamic wins big at Banker ME Awards
Emirates Islamic walked away with two major trophies at the recently held Banker Middle East Product Awards in Dubai, UAE.…
Emirates NBD signs with Amwal Brokerage for general clearing member services
Emirates NBD has announced that UAE-based Amwal Brokerage has signed up as trading member to avail the bank’s settlement and…