Creditors tell High Court that Dana Gas sukuk get-out is "absurd"
A claim by Dana Gas that it does not have to pay back its Islamic bonds because they are no…
Islamic Finance
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Dubai’s Arqaam Capital launches specialist fixed income funds in DIFC
Dubai-based investment bank Arqaam Capital has announced the launch of two specialist fixed income funds located within Dubai International Financial…
ADGM Partners with ADIB to Enhance Abu Dhabi's Fintech Ecosystem
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, today marked a new partnership with Abu Dhabi…
The $101 Million syndicated Murabahah financing facility for Bahrain Islamic Bank closed
Bahrain Islamic Bank B.S.C. has successfully closed a debut $101 million one-year Syndicated Murabahah Financing Facility. The Facility, which…
Global Finance names QIB ‘safest Islamic bank in Qatar’
Qatar Islamic Bank has been recognised by Global Finance as “The Safest Islamic Bank in Qatar” and “one of the…
Dubai hospital operator secures $100m financing deal
Emirates Islamic, together with Mashreq Bank, Dubai Islamic Bank and Arab African International Bank, have announced the conclusion of an…
Bahrain issues new regulations for Islamic banks
The Central Bank of Bahrain has announced new Shariah governance regulations applicable to wholesale and retail Islamic banks in Bahrain.…
Profitability of Gulf Islamic banks to deteriorate in 2017, S&P says
The profitability of Gulf Islamic banks will deteriorate this year and in 2018 with several factors coming into play, S&P…
External audit, centralized regulation likely for global Islamic banking market
The fast growing Islamic Banking Industry all over the world may opt external audit and centeralized regulation of the Islamic…
What initiative is driving the $2.3 trillion Islamic Economy?
The Dubai Center for Islamic Banking and Finance in Hamdan Bin Mohammed Smart University (HBMSU) and the Dubai Islamic Economy…
Meethaq aims financing Indian firms in Oman
Indian industrial ventures in Oman will be a focused area for funding by the Islamic banking of Bank Muscat, Meethaq.…
Dubai Islamic Bank hits the 'billion dollar profits club', what's next?
According to Dr. Adnan Chilwan, GCEO of Dubai Islamic Bank, ‘a billion dollars is just a number’, as he reflects…