DIEDC to collaborate with Turkmenistan bank
The Dubai Islamic Economy Development Centre (DIEDC) on Monday signed a Memorandum of Understanding (MoU) with The State Bank for…
Islamic Finance
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Dubai Investments to launch sharia-compliant Arkan Bank
Dubai Investments will lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial…
GCC’s Islamic banking penetration makes a big leap
Islamic banking penetration in the GCC increased to 45 per cent as of September 2017 from 31 per cent in…
Islamic finance to grow faster than conventional finance
The growth of the Islamic finance sector will continue to outstrip the growth of conventional assets across core Islamic finance…
Maisarah wins 'Best Islamic Bank in Oman' Award 2017
Reiterating its position as one of the leading Islamic finance service providers, Maisarah Islamic Banking services of BankDhofar, was announced…
Noor Bank Receives 'Generally Conforms' Rating From UAE Internal Auditors Association
Noor Bank, a leading Shari’a compliant bank in the UAE, today announced that its Internal Audit function has received the…
Nasdaq Dubai Welcomes USD 1.25 Billion Sukuk Listing By Islamic Development Bank
Nasdaq Dubai welcomed the listing today of a 1.25 billion US dollar Sukuk by the Islamic Development Bank, whose activities…
Dubai airline Emirates set to close $600m sukuk
Dubai airline Emirates has issued a $600m sukuk (Islamic bond), which received a “good response” from local and international investors,…
Islamic financing to outpace conventional banking with sukuks
Islamic finance is set to outpace the growth of conventional banking as governments increasingly tap the sukuk market and individuals…
Oman- Islamic banking growth could slow in future: H E Amri
Muscat- Oman's Islamic banking industry, which has been witnessing robust growth rates in the past few years, may witness a…
Islamic finance set to extend growth faster than conventional finance
Islamic banking penetration in the Gulf Cooperation Council increased to 45 per cent of the total banking market, as of…
Shariah compliant finance is now nearly half of GCC banking market: Moody's
In just a decade, Islamic banking has grown from less than a third of the GCC banking market to account…